Wheatland Advisors Inc. Sells 518 Shares of Comcast Co. (NASDAQ:CMCSA)

Wheatland Advisors Inc. lowered its stake in Comcast Co. (NASDAQ:CMCSA) by 3.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,888 shares of the cable giant’s stock after selling 518 shares during the period. Wheatland Advisors Inc.’s holdings in Comcast were worth $545,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Patriot Financial Group Insurance Agency LLC boosted its holdings in shares of Comcast by 53.1% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 8,610 shares of the cable giant’s stock valued at $369,000 after buying an additional 2,985 shares in the last quarter. Van ECK Associates Corp boosted its holdings in shares of Comcast by 6.4% during the 2nd quarter. Van ECK Associates Corp now owns 1,605,319 shares of the cable giant’s stock valued at $67,873,000 after buying an additional 96,847 shares in the last quarter. Beacon Investment Advisory Services Inc. boosted its stake in Comcast by 3.1% in the 2nd quarter. Beacon Investment Advisory Services Inc. now owns 203,930 shares of the cable giant’s stock worth $8,622,000 after purchasing an additional 6,139 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its stake in Comcast by 1.9% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,891,376 shares of the cable giant’s stock worth $163,438,000 after purchasing an additional 74,391 shares in the last quarter. Finally, Schnieders Capital Management LLC boosted its stake in Comcast by 4.3% in the 2nd quarter. Schnieders Capital Management LLC now owns 21,352 shares of the cable giant’s stock worth $903,000 after purchasing an additional 881 shares in the last quarter. Institutional investors and hedge funds own 82.85% of the company’s stock.

Shares of NASDAQ:CMCSA traded down $1.34 during mid-day trading on Friday, reaching $42.43. 13,643,939 shares of the company traded hands, compared to its average volume of 16,238,942. The company’s 50 day moving average price is $43.54 and its 200-day moving average price is $41.59. The firm has a market cap of $198.93 billion, a PE ratio of 16.64, a PEG ratio of 1.20 and a beta of 1.08. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.69 and a quick ratio of 0.69. Comcast Co. has a 52 week low of $32.61 and a 52 week high of $45.29.

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, beating the Zacks’ consensus estimate of $0.75 by $0.03. The company had revenue of $26.86 billion during the quarter, compared to the consensus estimate of $27.08 billion. Comcast had a return on equity of 17.50% and a net margin of 11.64%. The firm’s revenue was up 23.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.65 EPS. On average, research analysts predict that Comcast Co. will post 3.08 earnings per share for the current fiscal year.

A number of equities analysts recently issued reports on CMCSA shares. Morgan Stanley upped their price target on shares of Comcast from $48.00 to $51.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. BidaskClub upgraded shares of Comcast from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. Raymond James cut shares of Comcast from a “strong-buy” rating to an “outperform” rating and dropped their price target for the stock from $25.00 to $21.00 in a research note on Friday, June 14th. Pivotal Research reiterated a “buy” rating and issued a $54.00 price target on shares of Comcast in a research note on Wednesday, June 26th. Finally, Goldman Sachs Group upgraded shares of Comcast from a “neutral” rating to a “buy” rating and upped their price target for the stock from $44.00 to $54.00 in a research note on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twenty have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $46.25.

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

Comcast 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.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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