The Comcast Co. (CMCSA) is Sawgrass Asset Management LLC’s 9th Largest Position

The Comcast Co. (CMCSA) is Sawgrass Asset Management LLC’s 9th Largest Position

Several other hedge funds also recently bought and sold shares of the company. Advantage Investment Management LLC bought a new stake in Comcast during the fourth quarter worth about $103,000. Massmutual Trust Co. FSB ADV bought a new stake in Comcast during the fourth quarter worth about $105,000. Woodmont Investment Counsel LLC bought a new stake in Comcast during the third quarter worth about $110,000. Apriem Advisors raised its stake in Comcast by 44.4% in the third quarter. Apriem Advisors now owns 1,930 shares of the cable giant’s stock worth $128,000 after buying an additional 593 shares during the period. Finally, Thompson Siegel & Walmsley LLC raised its stake in Comcast by 5.1% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 1,948 shares of the cable giant’s stock worth $135,000 after buying an additional 95 shares during the period. 82.03% of the stock is owned by institutional investors and hedge funds.

Sawgrass Asset Management LLC increased its position in Comcast Co. (NASDAQ:CMCSA) by 55.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,563,286 shares of the cable giant’s stock after buying an additional 556,468 shares during the period. Comcast makes up 2.7% of Sawgrass Asset Management LLC’s portfolio, making the stock its 9th largest position. Sawgrass Asset Management LLC’s holdings in Comcast were worth $58,764,000 at the end of the most recent reporting period.

Comcast Co. (NASDAQ:CMCSA) opened at 41.99 on Monday. The firm’s 50-day moving average price is $39.21 and its 200 day moving average price is $37.10. Comcast Co. has a one year low of $30.02 and a one year high of $42.17. The firm has a market cap of $199.55 billion, a P/E ratio of 22.28 and a beta of 1.07.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, April 27th. The cable giant reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.09. Comcast had a return on equity of 15.30% and a net margin of 10.81%. The company had revenue of $20.46 billion for the quarter, compared to analysts’ expectations of $20.10 billion. During the same quarter in the prior year, the business posted $0.84 EPS. The business’s revenue was up 8.9% compared to the same quarter last year. On average, equities research analysts forecast that Comcast Co. will post $1.98 EPS for the current year.

A number of research firms have recently issued reports on CMCSA. Macquarie reissued a “buy” rating and issued a $45.00 price target on shares of Comcast in a research report on Tuesday, May 16th. ValuEngine lowered shares of Comcast from a “buy” rating to a “hold” rating in a research report on Friday. Pivotal Research reduced their price target on shares of Comcast to $48.00 and set a “buy” rating for the company in a research report on Monday, March 6th. Guggenheim reissued a “neutral” rating and issued a $40.00 price target on shares of Comcast in a research report on Wednesday, March 1st. Finally, Jefferies Group LLC restated a “buy” rating and issued a $47.00 price objective (up previously from $43.00) on shares of Comcast in a report on Saturday, April 29th. Two investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $43.35. In other news, EVP Arthur R. Block sold 2,356 shares of the company’s stock in a transaction that occurred on Wednesday, April 19th. The stock was sold at an average price of $37.82, for a total transaction of $89,103.92. Following the sale, the executive vice president now owns 62,988 shares in the company, valued at approximately $2,382,206.16. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Stephen B. Burke sold 258,380 shares of the company’s stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $38.99, for a total value of $10,074,236.20. Following the sale, the executive vice president now owns 980,498 shares in the company, valued at approximately $38,229,617.02. The disclosure for this sale can be found here. In the last quarter, insiders have sold 341,812 shares of company stock worth $13,201,635. Company insiders own 1.27% of the company’s stock.

About Comcast Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:CMCSA”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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