Comcast Corp. (CMCSA) Shares Bought by RMB Capital Management LLC
RMB Capital Management LLC increased its position in Comcast Corp. (NASDAQ:CMCSA) by 262.4% during the third quarter, according to its most recent disclosure with the SEC. The firm owned 27,344 shares of the cable giant’s stock after buying an additional 19,798 shares during the period. RMB Capital Management LLC’s holdings in Comcast Corp. were worth $1,814,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of the company. Bank of Montreal Can acquired a new position in shares of Comcast Corp. during the second quarter worth about $446,948,000. Janus Capital Management LLC boosted its position in shares of Comcast Corp. by 26.5% in the second quarter. Janus Capital Management LLC now owns 22,476,251 shares of the cable giant’s stock worth $1,465,205,000 after buying an additional 4,708,325 shares in the last quarter. Emerald Acquisition Ltd. acquired a new position in shares of Comcast Corp. during the second quarter worth about $275,565,000. Tesco Pension Investment Ltd acquired a new position in shares of Comcast Corp. during the third quarter worth about $168,364,000. Finally, Suvretta Capital Management LLC acquired a new position in shares of Comcast Corp. during the second quarter worth about $103,940,000. Institutional investors and hedge funds own 81.30% of the company’s stock.
Comcast Corp. (NASDAQ:CMCSA) traded up 2.68% during trading on Tuesday, reaching $70.14. 15,245,615 shares of the company’s stock were exchanged. Comcast Corp. has a 12-month low of $52.34 and a 12-month high of $70.22. The company has a market cap of $167.83 billion, a P/E ratio of 20.57 and a beta of 1.08. The stock’s 50-day moving average is $64.93 and its 200-day moving average is $65.14.
Comcast Corp. (NASDAQ:CMCSA) last issued its quarterly earnings data on Wednesday, October 26th. The cable giant reported $0.92 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.91 by $0.01. Comcast Corp. had a net margin of 10.65% and a return on equity of 15.22%. The firm had revenue of $21.32 billion for the quarter, compared to analysts’ expectations of $21.11 billion. During the same quarter in the prior year, the business earned $0.80 EPS. The business’s quarterly revenue was up 14.2% on a year-over-year basis. Analysts predict that Comcast Corp. will post $3.50 EPS for the current fiscal year.
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A number of research analysts have recently issued reports on the stock. Telsey Advisory Group lifted their price objective on shares of Comcast Corp. from $75.00 to $76.50 and gave the company an “outperform” rating in a report on Friday, August 19th. Argus raised their price target on shares of Comcast Corp. from $72.00 to $81.00 and gave the company a “buy” rating in a research report on Monday, August 8th. Robert W. Baird reissued an “outperform” rating and set a $70.00 price target on shares of Comcast Corp. in a research report on Sunday, September 25th. Macquarie raised shares of Comcast Corp. from a “neutral” rating to an “outperform” rating and raised their price target for the company from $69.00 to $77.00 in a research report on Monday, October 24th. Finally, Jefferies Group reissued a “buy” rating on shares of Comcast Corp. in a research report on Friday, September 30th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. Comcast Corp. has an average rating of “Buy” and a consensus price target of $73.15.
In other Comcast Corp. news, EVP Neil Smit sold 15,121 shares of the firm’s stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of $65.68, for a total transaction of $993,147.28. Following the sale, the executive vice president now owns 66,289 shares in the company, valued at approximately $4,353,861.52. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Arthur R. Block sold 1,023 shares of the firm’s stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $65.75, for a total transaction of $67,262.25. Following the sale, the executive vice president now owns 47,539 shares in the company, valued at approximately $3,125,689.25. The disclosure for this sale can be found here. 1.27% of the stock is currently owned by insiders.
Comcast Corp. Company Profile
Comcast Corporation is a media and technology company. The Company’s primary businesses include Comcast Cable and NBCUniversal. Its Comcast Cable business operates in Cable Communications segment. Its NBCUniversal business consists of four segments, which include Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.
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