Rockshelter Capital Management LLC Reduces Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Rockshelter Capital Management LLC decreased its position in Comcast Co. (NASDAQ:CMCSA) by 5.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 130,210 shares of the cable giant’s stock after selling 7,025 shares during the period. Comcast comprises approximately 1.9% of Rockshelter Capital Management LLC’s portfolio, making the stock its 22nd biggest holding. Rockshelter Capital Management LLC’s holdings in Comcast were worth $5,505,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CMCSA. Clean Yield Group purchased a new stake in shares of Comcast in the first quarter worth $25,000. Krane Funds Advisors LLC purchased a new stake in shares of Comcast in the second quarter worth $25,000. Evolution Wealth Advisors LLC purchased a new stake in shares of Comcast in the second quarter worth $26,000. Mackey Komara & Dankovich LLC purchased a new stake in shares of Comcast in the first quarter worth $27,000. Finally, Bray Capital Advisors purchased a new stake in shares of Comcast in the second quarter worth $30,000. Hedge funds and other institutional investors own 82.59% of the company’s stock.

CMCSA traded down $0.62 during trading on Monday, reaching $46.26. The stock had a trading volume of 888,961 shares, compared to its average volume of 14,370,507. The stock has a market cap of $213.48 billion, a PE 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 quick ratio of 0.69 and a current ratio of 0.69. Comcast Co. has a one year low of $32.61 and a one year high of $47.27. The business has a 50-day moving average of $43.87 and a 200-day moving average of $42.31.

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. Comcast had a return on equity of 17.50% and a net margin of 11.64%. The firm had revenue of $26.86 billion for the quarter, compared to analysts’ expectations of $27.08 billion. During the same period last year, the firm earned $0.65 earnings per share. The company’s revenue for the quarter was up 23.6% compared to the same quarter last year. Equities research analysts forecast that Comcast Co. will post 3.09 EPS for the current fiscal year.

A number of equities research analysts recently issued reports on CMCSA shares. Goldman Sachs Group upgraded Comcast from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $44.00 to $54.00 in a research report on Wednesday, July 10th. Morgan Stanley increased their price objective on Comcast from $48.00 to $51.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Raymond James downgraded Comcast from a “strong-buy” rating to an “outperform” rating and lowered their price objective for the stock from $25.00 to $21.00 in a research report on Friday, June 14th. Guggenheim upgraded Comcast from a “neutral” rating to a “buy” rating and set a $42.31 price objective on the stock in a research report on Thursday, May 30th. Finally, BidaskClub upgraded Comcast from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. Five equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $46.97.

In other news, Director Kenneth J. Bacon sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $45.03, for a total transaction of $180,120.00. Following the transaction, the director now directly owns 29,603 shares of the company’s stock, valued at $1,333,023.09. The sale 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 dated Thursday, August 22nd. The shares were sold at an average price of $44.23, for a total value of $37,507.04. Following the transaction, the senior vice president now directly owns 3,419 shares in the company, valued at $151,222.37. The disclosure for this sale can be found here. 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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