TimesSquare Capital Management LLC Sells 6,955 Shares of Comcast Co. (NASDAQ:CMCSA)

TimesSquare Capital Management LLC decreased its position in Comcast Co. (NASDAQ:CMCSA) by 3.7% during the second quarter, HoldingsChannel reports. The firm owned 180,080 shares of the cable giant’s stock after selling 6,955 shares during the quarter. TimesSquare Capital Management LLC’s holdings in Comcast were worth $7,614,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Clean Yield Group acquired a new stake in shares of Comcast during the 1st quarter worth $25,000. Evolution Wealth Advisors LLC acquired a new stake in shares of Comcast during the 2nd quarter worth $26,000. Mackey Komara & Dankovich LLC acquired a new stake in shares of Comcast during the 1st quarter worth $27,000. Bray Capital Advisors acquired a new stake in shares of Comcast during the 2nd quarter worth $30,000. Finally, Litman Gregory Asset Management LLC acquired a new stake in shares of Comcast during the 2nd quarter worth $31,000. 82.66% of the stock is currently owned by institutional investors.

NASDAQ:CMCSA traded up $0.83 during trading hours on Friday, hitting $43.18. The company’s stock had a trading volume of 14,052,100 shares, compared to its average volume of 17,734,466. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.69 and a quick ratio of 0.69. The company has a market capitalization of $192.21 billion, a P/E ratio of 16.93, a PEG ratio of 1.16 and a beta of 1.08. Comcast Co. has a twelve month low of $32.61 and a twelve month high of $45.29. The stock has a fifty day simple moving average of $43.42 and a 200-day simple moving average of $41.42.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, July 25th. The cable giant reported $0.78 EPS for the quarter, beating the consensus estimate of $0.75 by $0.03. The firm 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 business’s quarterly revenue was up 23.6% on a year-over-year basis. During the same period last year, the company earned $0.65 earnings per share. On average, equities analysts predict that Comcast Co. will post 3.07 EPS for the current fiscal year.

Several analysts recently weighed in on the company. Goldman Sachs Group raised Comcast from a “neutral” rating to a “buy” rating and raised their price objective for the company from $44.00 to $54.00 in a research note on Wednesday, July 10th. Macquarie assumed coverage on Comcast in a research note on Wednesday, June 19th. They issued a “buy” rating and a $50.00 price objective on the stock. BidaskClub raised Comcast from a “hold” rating to a “buy” rating in a research note on Thursday. Pivotal Research reaffirmed a “buy” rating and issued a $54.00 price objective on shares of Comcast in a research note on Wednesday, June 26th. Finally, Morgan Stanley raised their price objective on Comcast from $48.00 to $51.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eighteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $45.44.

In other Comcast news, SVP Daniel C. Murdock sold 1,701 shares of the stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $41.46, for a total value of $70,523.46. Following the completion of the transaction, the senior vice president now directly owns 4,712 shares in the company, valued at $195,359.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.35% of the stock is currently owned by company insiders.

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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