Oarsman Capital Inc. Acquires 1,452 Shares of Comcast Corporation $CMCSA

Oarsman Capital Inc. raised its holdings in Comcast Corporation (NASDAQ:CMCSA) by 5.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,391 shares of the cable giant’s stock after purchasing an additional 1,452 shares during the period. Oarsman Capital Inc.’s holdings in Comcast were worth $1,013,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Dodge & Cox lifted its holdings in shares of Comcast by 19.1% during the 1st quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant’s stock worth $3,476,635,000 after acquiring an additional 15,115,074 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Comcast by 2.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 33,636,264 shares of the cable giant’s stock valued at $1,240,955,000 after purchasing an additional 926,663 shares during the last quarter. Nuveen LLC bought a new position in shares of Comcast in the 1st quarter valued at $940,015,000. Harris Associates L P increased its stake in shares of Comcast by 0.5% in the 1st quarter. Harris Associates L P now owns 20,594,519 shares of the cable giant’s stock valued at $759,938,000 after purchasing an additional 111,662 shares during the last quarter. Finally, Raymond James Financial Inc. increased its stake in shares of Comcast by 2.2% in the 1st quarter. Raymond James Financial Inc. now owns 20,243,358 shares of the cable giant’s stock valued at $746,980,000 after purchasing an additional 427,705 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Sanford C. Bernstein decreased their price target on Comcast from $37.00 to $36.00 and set a “market perform” rating on the stock in a research note on Wednesday, September 10th. Arete decreased their price target on Comcast from $39.00 to $33.00 and set a “neutral” rating on the stock in a research note on Tuesday. Weiss Ratings reissued a “hold (c-)” rating on shares of Comcast in a research note on Tuesday, October 14th. The Goldman Sachs Group dropped their price objective on shares of Comcast from $40.00 to $39.00 and set a “buy” rating for the company in a research note on Wednesday, September 24th. Finally, Scotiabank reissued a “sector perform” rating and issued a $45.50 price objective (up previously from $45.00) on shares of Comcast in a research note on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fifteen have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Comcast presently has a consensus rating of “Hold” and an average target price of $39.52.

Comcast Stock Performance

NASDAQ CMCSA opened at $29.28 on Wednesday. The company’s 50 day moving average is $31.75 and its 200-day moving average is $33.45. Comcast Corporation has a 12-month low of $29.13 and a 12-month high of $45.31. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.99. The firm has a market cap of $108.11 billion, a P/E ratio of 4.84, a price-to-earnings-growth ratio of 1.74 and a beta of 0.94.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. Comcast had a net margin of 18.44% and a return on equity of 18.86%. The company had revenue of $30.34 billion during the quarter. Sell-side analysts predict that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast 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.