SVA Wealth Management LLC Has $380,000 Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

SVA Wealth Management LLC boosted its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 8.6% in the second quarter, according to its most recent filing with the SEC. The firm owned 8,988 shares of the cable giant’s stock after acquiring an additional 714 shares during the period. SVA Wealth Management LLC’s holdings in Comcast were worth $380,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CMCSA. Geode Capital Management LLC grew its stake in Comcast by 10.4% during the 4th quarter. Geode Capital Management LLC now owns 63,699,503 shares of the cable giant’s stock worth $2,165,450,000 after buying an additional 5,992,911 shares during the last quarter. USS Investment Management Ltd grew its stake in Comcast by 7.3% during the 1st quarter. USS Investment Management Ltd now owns 6,208,145 shares of the cable giant’s stock worth $248,109,000 after buying an additional 423,687 shares during the last quarter. Exane Derivatives grew its stake in Comcast by 1,322.4% during the 1st quarter. Exane Derivatives now owns 6,799 shares of the cable giant’s stock worth $272,000 after buying an additional 6,321 shares during the last quarter. Gilman Hill Asset Management LLC grew its stake in Comcast by 65.2% during the 1st quarter. Gilman Hill Asset Management LLC now owns 12,347 shares of the cable giant’s stock worth $494,000 after buying an additional 4,875 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. grew its stake in Comcast by 18.7% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 189,558 shares of the cable giant’s stock worth $7,578,000 after buying an additional 29,804 shares during the last quarter. 82.59% of the stock is owned by hedge funds and other institutional investors.

Shares of CMCSA stock traded down $0.78 during midday trading on Monday, hitting $46.10. The company had a trading volume of 4,547,410 shares, compared to its average volume of 14,370,507. The company’s 50 day simple moving average is $43.87 and its 200 day simple moving average is $42.31. Comcast Co. has a 52-week low of $32.61 and a 52-week high of $47.27. The stock has a market cap of $213.48 billion, a price-to-earnings ratio of 18.08, a PEG ratio of 1.28 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 (NASDAQ:CMCSA) last announced its earnings results on Thursday, July 25th. The cable giant reported $0.78 earnings per share for the quarter, beating the 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 company had revenue of $26.86 billion for the quarter, compared to the consensus estimate of $27.08 billion. During the same period last year, the business posted $0.65 EPS. The company’s revenue was up 23.6% on a year-over-year basis. Analysts anticipate that Comcast Co. will post 3.09 EPS for the current year.

A number of research firms recently issued reports on CMCSA. Raymond James downgraded 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. Morgan Stanley raised their price target on Comcast from $48.00 to $51.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. BidaskClub upgraded Comcast from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. ValuEngine upgraded Comcast from a “sell” rating to a “hold” rating in a research note on Thursday, September 5th. Finally, Bank of America set a $58.00 price target on Comcast and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Five investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. Comcast currently has an average rating of “Buy” and an average target price of $46.97.

In other news, Director Kenneth J. Bacon sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $45.03, for a total value of $180,120.00. Following the completion of the sale, the director now directly owns 29,603 shares of the company’s stock, valued at approximately $1,333,023.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Daniel C. Murdock sold 848 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $44.23, for a total value of $37,507.04. Following the completion of the sale, the senior vice president now directly owns 3,419 shares of the company’s stock, valued at $151,222.37. The disclosure for this sale can be found here. Company insiders own 1.35% of the company’s stock.

About Comcast

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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