Comcast Co. (NASDAQ:CMCSA) is Grand Jean Capital Management Inc.’s 7th Largest Position
Grand Jean Capital Management Inc. increased its holdings in Comcast Co. (NASDAQ:CMCSA) by 0.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 364,151 shares of the cable giant’s stock after buying an additional 1,665 shares during the quarter. Comcast comprises approximately 6.2% of Grand Jean Capital Management Inc.’s investment portfolio, making the stock its 7th largest holding. Grand Jean Capital Management Inc.’s holdings in Comcast were worth $15,396,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of the stock. Krane Funds Advisors LLC acquired a new stake in shares of Comcast during the 2nd quarter worth approximately $25,000. Evolution Wealth Advisors LLC acquired a new stake in Comcast in the 2nd quarter valued at $26,000. Clean Yield Group acquired a new stake in Comcast in the 1st quarter valued at $25,000. Mackey Komara & Dankovich LLC acquired a new stake in Comcast in the 1st quarter valued at $27,000. Finally, Bray Capital Advisors acquired a new stake in Comcast in the 2nd quarter valued at $30,000. Institutional investors own 82.63% of the company’s stock.
In other news, Director Kenneth J. Bacon sold 4,000 shares of Comcast stock in a transaction on 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 owns 29,603 shares in the company, valued at approximately $1,333,023.09. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Daniel C. Murdock sold 848 shares of Comcast stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $44.23, for a total value of $37,507.04. Following the transaction, the senior vice president now owns 3,419 shares in the company, valued at approximately $151,222.37. The disclosure for this sale can be found here. Company insiders own 1.35% of the company’s stock.
Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, July 25th. The cable giant reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.03. The company had revenue of $26.86 billion for the quarter, compared to analyst estimates of $27.08 billion. Comcast had a return on equity of 17.50% and a net margin of 11.64%. The firm’s revenue for the quarter was up 23.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.65 EPS. Sell-side analysts predict that Comcast Co. will post 3.09 EPS for the current year.
A number of equities research analysts recently issued reports on CMCSA shares. Guggenheim raised shares of Comcast from a “neutral” rating to a “buy” rating and set a $42.31 price target on the stock in a research note on Thursday, May 30th. Cfra set a $50.00 price target on shares of Comcast and gave the company a “buy” rating in a research note on Wednesday, August 21st. Morgan Stanley lifted their price target on shares of Comcast from $48.00 to $51.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Wells Fargo & Co started coverage on shares of Comcast in a research note on Tuesday, August 27th. They issued an “outperform” rating and a $50.00 price target on the stock. Finally, Rosenblatt Securities started coverage on shares of Comcast in a research note on Friday, June 14th. They issued a “buy” rating and a $50.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. Comcast presently has a consensus rating of “Buy” and a consensus target price of $46.97.
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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