Cypress Capital LLC Acquires 753 Shares of Comcast Co. (NASDAQ:CMCSA)

Cypress Capital LLC raised its holdings in Comcast Co. (NASDAQ:CMCSA – Get Rating) by 2.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,577 shares of the cable giant’s stock after purchasing an additional 753 shares during the quarter. Cypress Capital LLC’s holdings in Comcast were worth $1,740,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of CMCSA. Viking Global Investors LP purchased a new stake in Comcast during the 3rd quarter worth about $569,179,000. Capital Research Global Investors raised its holdings in shares of Comcast by 5.7% in the 3rd quarter. Capital Research Global Investors now owns 143,483,719 shares of the cable giant’s stock valued at $8,025,044,000 after acquiring an additional 7,794,333 shares in the last quarter. UBS Asset Management Americas Inc. raised its holdings in shares of Comcast by 22.6% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 24,557,276 shares of the cable giant’s stock valued at $1,373,488,000 after acquiring an additional 4,523,041 shares in the last quarter. Morgan Stanley raised its holdings in shares of Comcast by 10.9% in the 2nd quarter. Morgan Stanley now owns 40,850,065 shares of the cable giant’s stock valued at $2,329,271,000 after acquiring an additional 3,998,777 shares in the last quarter. Finally, Nordea Investment Management AB raised its holdings in shares of Comcast by 17.8% during the 4th quarter. Nordea Investment Management AB now owns 20,962,324 shares of the cable giant’s stock valued at $1,061,112,000 after buying an additional 3,162,019 shares in the last quarter. Institutional investors own 83.33% of the company’s stock.

In related news, CEO David N. Watson sold 65,410 shares of the stock in a transaction on Friday, March 11th. The stock was sold at an average price of $45.69, for a total value of $2,988,582.90. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.04% of the stock is currently owned by company insiders.

Several equities analysts recently issued reports on the company. Barclays reduced their price target on Comcast from $56.00 to $48.00 in a research report on Friday, April 29th. Deutsche Bank Aktiengesellschaft reduced their price target on Comcast from $62.00 to $60.00 in a research note on Friday, April 29th. StockNews.com assumed coverage on Comcast in a report on Thursday, March 31st. They issued a “buy” rating on the stock. JPMorgan Chase & Co. dropped their target price on Comcast from $60.00 to $52.00 in a report on Friday, April 29th. Finally, Truist Financial downgraded Comcast from a “buy” rating to a “hold” rating and lowered their price target for the company from $70.00 to $50.00 in a report on Tuesday, March 1st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, Comcast presently has an average rating of “Buy” and an average target price of $59.46.

CMCSA traded up $0.54 during trading hours on Tuesday, reaching $40.30. The company’s stock had a trading volume of 31,362,305 shares, compared to its average volume of 23,703,582. Comcast Co. has a fifty-two week low of $39.47 and a fifty-two week high of $61.80. The stock has a market cap of $182.69 billion, a PE ratio of 13.03, a P/E/G ratio of 0.85 and a beta of 0.97. The business’s 50-day moving average is $45.76 and its 200-day moving average is $48.67. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.86 and a quick ratio of 0.86.

Comcast (NASDAQ:CMCSA – Get Rating) last released its quarterly earnings results on Thursday, April 28th. The cable giant reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.06. Comcast had a return on equity of 15.92% and a net margin of 11.96%. The company had revenue of $31.01 billion for the quarter, compared to analysts’ expectations of $30.40 billion. During the same period in the prior year, the firm earned $0.76 earnings per share. The firm’s revenue was up 14.0% compared to the same quarter last year. Analysts expect that Comcast Co. will post 3.55 EPS for the current year.

Comcast Company Profile (Get Rating)

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Media, Studios, Theme Parks, and Sky segments. The Cable Communications segment offers broadband, video, voice, wireless, and other services to residential and business customers under the Xfinity brand; and advertising services.

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