GSA Capital Partners LLP Purchases Shares of 29,828 Comcast Co. (NASDAQ:CMCSA)

Share on StockTwits

GSA Capital Partners LLP purchased a new stake in shares of Comcast Co. (NASDAQ:CMCSA) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 29,828 shares of the cable giant’s stock, valued at approximately $1,261,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CMCSA. Geode Capital Management LLC lifted its position in shares of Comcast by 10.4% during the 4th quarter. Geode Capital Management LLC now owns 63,699,503 shares of the cable giant’s stock valued at $2,165,450,000 after acquiring an additional 5,992,911 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Comcast by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 53,579,451 shares of the cable giant’s stock valued at $1,824,544,000 after acquiring an additional 326,417 shares during the last quarter. Boston Partners lifted its holdings in shares of Comcast by 7.8% in the first quarter. Boston Partners now owns 34,296,383 shares of the cable giant’s stock valued at $1,371,169,000 after purchasing an additional 2,472,741 shares in the last quarter. Veritas Asset Management LLP lifted its holdings in shares of Comcast by 1.6% in the first quarter. Veritas Asset Management LLP now owns 19,648,649 shares of the cable giant’s stock valued at $785,553,000 after purchasing an additional 305,831 shares in the last quarter. Finally, Nordea Investment Management AB lifted its holdings in shares of Comcast by 67.5% in the first quarter. Nordea Investment Management AB now owns 17,274,883 shares of the cable giant’s stock valued at $690,651,000 after purchasing an additional 6,960,677 shares in the last quarter. 82.85% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:CMCSA traded down $1.34 during midday trading on Friday, hitting $42.43. 13,643,939 shares of the stock were exchanged, compared to its average volume of 16,238,942. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.69 and a current ratio of 0.69. Comcast Co. has a 52-week low of $32.61 and a 52-week high of $45.29. The business’s fifty day simple moving average is $43.54 and its two-hundred day simple moving average is $41.59. The company has a market capitalization of $198.93 billion, a PE ratio of 16.64, a P/E/G ratio of 1.20 and a beta of 1.08.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, July 25th. The cable giant reported $0.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.03. Comcast had a return on equity of 17.50% and a net margin of 11.64%. The business had revenue of $26.86 billion during the quarter, compared to analyst estimates of $27.08 billion. During the same period last year, the company earned $0.65 earnings per share. Comcast’s quarterly revenue was up 23.6% compared to the same quarter last year. As a group, equities analysts anticipate that Comcast Co. will post 3.08 EPS for the current year.

CMCSA has been the subject of a number of research analyst reports. Guggenheim upgraded Comcast from a “neutral” rating to a “buy” rating and set a $42.31 target price for the company in a report on Thursday, May 30th. Morgan Stanley increased their target price on Comcast from $48.00 to $51.00 and gave the company an “overweight” rating in a report on Friday, July 26th. ValuEngine lowered Comcast from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. BidaskClub upgraded Comcast from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Finally, Bank of America set a $58.00 target price on Comcast and gave the company a “buy” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, five have given a hold rating and twenty have given a buy rating to the stock. Comcast presently has a consensus rating of “Buy” and a consensus price target of $46.25.

In other Comcast news, SVP Daniel C. Murdock sold 1,701 shares of the stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $41.46, for a total transaction of $70,523.46. Following the transaction, the senior vice president now directly owns 4,712 shares of the company’s stock, valued at $195,359.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Daniel C. Murdock sold 848 shares of the stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $44.23, for a total transaction of $37,507.04. Following the transaction, the senior vice president now directly owns 3,419 shares in the company, valued at $151,222.37. The disclosure for this sale can be found here. 1.35% of the stock is currently owned by company insiders.

Comcast Company Profile

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.

See Also: Fundamental Analysis

Want to see what other hedge funds are holding CMCSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comcast Co. (NASDAQ:CMCSA).

Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

Receive News & Ratings for Comcast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast and related companies with MarketBeat.com's FREE daily email newsletter.