Zurich Insurance Group Ltd FI lowered its holdings in Comcast Co. (NASDAQ:CMCSA) by 11.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 757,431 shares of the cable giant’s stock after selling 94,617 shares during the quarter. Zurich Insurance Group Ltd FI’s holdings in Comcast were worth $32,024,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of the business. Krane Funds Advisors LLC bought a new stake in shares of Comcast during the second quarter worth $25,000. Evolution Wealth Advisors LLC bought a new stake in Comcast in the second quarter valued at about $26,000. Mackey Komara & Dankovich LLC bought a new stake in Comcast in the first quarter valued at about $27,000. Bray Capital Advisors bought a new stake in Comcast in the second quarter valued at about $30,000. Finally, Litman Gregory Asset Management LLC bought a new stake in Comcast in the second quarter valued at about $31,000. 82.59% of the stock is currently owned by institutional investors.
A number of research firms recently commented on CMCSA. Goldman Sachs Group upgraded Comcast from a “neutral” rating to a “buy” rating and upped their price objective for the company from $44.00 to $54.00 in a report on Wednesday, July 10th. Bank of America set a $58.00 price target on Comcast and gave the stock a “buy” rating in a report on Wednesday, August 21st. Morgan Stanley increased their price target on Comcast from $48.00 to $51.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Cfra set a $50.00 price target on Comcast and gave the stock a “buy” rating in a report on Wednesday, August 21st. Finally, BidaskClub upgraded Comcast from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Five equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. Comcast has an average rating of “Buy” and a consensus price target of $46.97.
NASDAQ:CMCSA traded down $0.09 on Friday, hitting $46.60. The company’s stock had a trading volume of 9,744,965 shares, compared to its average volume of 13,928,125. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 1.30. The stock has a fifty day moving average of $44.12 and a two-hundred day moving average of $42.55. The firm has a market capitalization of $210.61 billion, a P/E ratio of 18.27, a price-to-earnings-growth ratio of 1.27 and a beta of 1.08. Comcast Co. has a one year low of $32.61 and a one year high of $47.27.
Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, July 25th. The cable giant reported $0.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.03. The company had revenue of $26.86 billion for the quarter, compared to analyst estimates of $27.08 billion. Comcast had a return on equity of 17.50% and a net margin of 11.64%. The firm’s quarterly revenue was up 23.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.65 earnings per share. As a group, sell-side analysts anticipate that Comcast Co. will post 3.09 EPS for the current year.
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.
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