Twin Capital Management Inc. trimmed its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 34.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 254,925 shares of the cable giant’s stock after selling 135,595 shares during the quarter. Twin Capital Management Inc.’s holdings in Comcast were worth $10,778,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP grew its position in Comcast by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 53,579,451 shares of the cable giant’s stock valued at $1,824,544,000 after purchasing an additional 326,417 shares during the last quarter. Geode Capital Management LLC grew its position 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 valued at $2,165,450,000 after purchasing an additional 5,992,911 shares during the last quarter. M Holdings Securities Inc. grew its position in Comcast by 7.2% during the 4th quarter. M Holdings Securities Inc. now owns 17,333 shares of the cable giant’s stock valued at $590,000 after purchasing an additional 1,171 shares during the last quarter. B. Riley Wealth Management Inc. grew its position in Comcast by 9.4% during the 4th quarter. B. Riley Wealth Management Inc. now owns 10,493 shares of the cable giant’s stock valued at $357,000 after purchasing an additional 900 shares during the last quarter. Finally, Executive Wealth Management LLC purchased a new stake in Comcast during the 4th quarter valued at about $85,000. 82.66% of the stock is owned by institutional investors and hedge funds.

In other news, 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 in the company, valued at approximately $195,359.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.35% of the stock is owned by corporate insiders.

Shares of NASDAQ:CMCSA traded down $0.04 during trading on Thursday, hitting $42.33. The company’s stock had a trading volume of 5,567,063 shares, compared to its average volume of 17,327,420. The company has a 50-day simple moving average of $43.39. Comcast Co. has a 12 month low of $32.61 and a 12 month high of $45.29. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 1.30. The firm has a market cap of $192.71 billion, a price-to-earnings ratio of 16.60, a price-to-earnings-growth ratio of 1.17 and a beta of 1.08.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, July 25th. The cable giant reported $0.78 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.03. Comcast had a net margin of 11.64% and a return on equity of 17.50%. The firm had revenue of $26.86 billion for the quarter, compared to analysts’ expectations of $27.08 billion. During the same quarter in the prior year, the business earned $0.65 EPS. The business’s quarterly revenue was up 23.6% on a year-over-year basis. On average, equities research analysts forecast that Comcast Co. will post 3.07 EPS for the current year.

A number of brokerages have recently issued reports on CMCSA. KeyCorp raised their price target on shares of Comcast from $43.00 to $50.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Barclays raised their price target on shares of Comcast from $44.00 to $45.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Rosenblatt Securities began coverage on shares of Comcast in a report on Friday, June 14th. They set a “buy” rating and a $50.00 price target on the stock. Morgan Stanley raised their price target on shares of Comcast from $48.00 to $51.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Finally, Macquarie began coverage on shares of Comcast in a report on Wednesday, June 19th. They set a “buy” rating and a $50.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eighteen have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $45.44.

Comcast Company 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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