MML Investors Services LLC Raises Holdings in Comcast Co. (NASDAQ:CMCSA)
MML Investors Services LLC grew its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 15.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 260,769 shares of the cable giant’s stock after acquiring an additional 35,317 shares during the quarter. MML Investors Services LLC’s holdings in Comcast were worth $11,025,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in CMCSA. Archford Capital Strategies LLC grew its position in Comcast by 6.2% during the 2nd quarter. Archford Capital Strategies LLC now owns 4,134 shares of the cable giant’s stock worth $175,000 after purchasing an additional 240 shares during the period. Ironwood Investment Counsel LLC boosted its stake in shares of Comcast by 0.5% in the second quarter. Ironwood Investment Counsel LLC now owns 51,524 shares of the cable giant’s stock worth $2,178,000 after buying an additional 243 shares during the last quarter. SevenBridge Financial Group LLC grew its holdings in Comcast by 0.6% during the second quarter. SevenBridge Financial Group LLC now owns 41,429 shares of the cable giant’s stock worth $1,752,000 after acquiring an additional 249 shares during the period. Camarda Financial Advisors LLC grew its holdings in Comcast by 8.1% during the first quarter. Camarda Financial Advisors LLC now owns 3,331 shares of the cable giant’s stock worth $133,000 after acquiring an additional 250 shares during the period. Finally, Intellectus Partners LLC raised its position in Comcast by 2.8% during the second quarter. Intellectus Partners LLC now owns 9,113 shares of the cable giant’s stock valued at $385,000 after acquiring an additional 251 shares in the last quarter. 82.63% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ CMCSA traded down $0.25 during trading on Wednesday, hitting $46.20. The company had a trading volume of 2,964,888 shares, compared to its average volume of 14,653,405. The firm has a market capitalization of $210.98 billion, a price-to-earnings ratio of 18.12, a price-to-earnings-growth ratio of 1.26 and a beta of 1.08. The stock has a fifty day simple moving average of $43.78 and a two-hundred day simple moving average of $42.23. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 1.30. Comcast Co. has a fifty-two week low of $32.61 and a fifty-two week high of $46.69.
In other Comcast news, Director Kenneth J. Bacon sold 4,000 shares of the firm’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $45.03, for a total value of $180,120.00. Following the transaction, the director now owns 29,603 shares in the company, valued at approximately $1,333,023.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Daniel C. Murdock sold 1,701 shares of the firm’s stock in a transaction 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 completion of the transaction, the senior vice president now owns 4,712 shares in the company, valued at approximately $195,359.52. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,549 shares of company stock valued at $288,151. 1.35% of the stock is owned by company insiders.
A number of brokerages have issued reports on CMCSA. 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. Goldman Sachs Group raised shares of Comcast from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $44.00 to $54.00 in a research note on Wednesday, July 10th. Rosenblatt Securities initiated coverage on shares of Comcast in a report on Friday, June 14th. They set a “buy” rating and a $50.00 target price for the company. Macquarie started coverage on shares of Comcast in a research note on Wednesday, June 19th. They issued a “buy” rating and a $50.00 target price for the company. Finally, Morgan Stanley increased their price target on shares of Comcast from $48.00 to $51.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Five equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $46.97.
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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