Cardinal Capital Management Inc. Raises Stock Position in Comcast Co. (NASDAQ:CMCSA)

Cardinal Capital Management Inc. lifted its position in shares of Comcast Co. (NASDAQ:CMCSA) by 0.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 647,091 shares of the cable giant’s stock after acquiring an additional 3,600 shares during the quarter. Cardinal Capital Management Inc.’s holdings in Comcast were worth $24,285,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in CMCSA. Resources Management Corp CT ADV lifted its stake in shares of Comcast by 12.7% during the 2nd quarter. Resources Management Corp CT ADV now owns 16,230 shares of the cable giant’s stock worth $636,000 after purchasing an additional 1,832 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in Comcast by 57.8% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 759,149 shares of the cable giant’s stock valued at $29,728,000 after buying an additional 278,096 shares during the period. Fred Alger Management LLC increased its stake in shares of Comcast by 5.6% during the 2nd quarter. Fred Alger Management LLC now owns 129,580 shares of the cable giant’s stock valued at $5,074,000 after acquiring an additional 6,818 shares during the last quarter. AlTi Global Inc. grew its holdings in Comcast by 7.6% in the second quarter. AlTi Global Inc. now owns 49,795 shares of the cable giant’s stock valued at $1,950,000 after purchasing an additional 3,500 shares during the period. Finally, Abich Financial Wealth Management LLC increased its holdings in shares of Comcast by 185,533.3% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 5,569 shares of the cable giant’s stock worth $218,000 after buying an additional 5,566 shares during the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Stock Performance

Shares of NASDAQ CMCSA opened at $37.11 on Thursday. The firm has a market cap of $142.00 billion, a price-to-earnings ratio of 9.98, a P/E/G ratio of 1.35 and a beta of 1.01. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. The business’s 50-day simple moving average is $39.54 and its 200-day simple moving average is $40.16. Comcast Co. has a 52 week low of $36.15 and a 52 week high of $47.11.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.06. The business had revenue of $32.07 billion during the quarter, compared to analysts’ expectations of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The firm’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.08 EPS. As a group, equities research analysts expect that Comcast Co. will post 4.25 earnings per share for the current fiscal year.

Insider Transactions at Comcast

In related news, CEO Brian L. Roberts sold 234,464 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total transaction of $10,002,234.24. Following the completion of the sale, the chief executive officer now owns 6,669,928 shares in the company, valued at $284,539,128.48. This trade represents a 3.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President Michael J. Cavanagh sold 25,537 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the completion of the transaction, the president now owns 534,849 shares in the company, valued at approximately $22,779,218.91. This trade represents a 4.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on CMCSA. KeyCorp lifted their price target on shares of Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Evercore ISI upgraded shares of Comcast to a “strong-buy” rating in a report on Thursday, November 21st. Rosenblatt Securities reiterated a “neutral” rating and issued a $45.00 price target on shares of Comcast in a report on Wednesday, November 6th. StockNews.com raised Comcast from a “buy” rating to a “strong-buy” rating in a research report on Friday, January 17th. Finally, Wells Fargo & Company reduced their price target on Comcast from $46.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, Comcast has a consensus rating of “Moderate Buy” and an average target price of $47.33.

Comcast Company Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.