RMB Capital Management LLC increased its stake in shares of Comcast Corp. (NASDAQ:CMCSA) by 262.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 27,344 shares of the cable giant’s stock after buying an additional 19,798 shares during the period. RMB Capital Management LLC’s holdings in Comcast Corp. were worth $1,814,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Tortoise Investment Management LLC boosted its stake in shares of Comcast Corp. by 0.6% in the second quarter. Tortoise Investment Management LLC now owns 2,244 shares of the cable giant’s stock worth $146,000 after buying an additional 13 shares in the last quarter. Truepoint Inc. boosted its stake in shares of Comcast Corp. by 0.5% in the third quarter. Truepoint Inc. now owns 6,852 shares of the cable giant’s stock worth $455,000 after buying an additional 31 shares in the last quarter. Bangor Savings Bank boosted its stake in shares of Comcast Corp. by 0.7% in the second quarter. Bangor Savings Bank now owns 5,118 shares of the cable giant’s stock worth $333,000 after buying an additional 34 shares in the last quarter. Community Bank N.A. boosted its stake in shares of Comcast Corp. by 0.3% in the third quarter. Community Bank N.A. now owns 16,260 shares of the cable giant’s stock worth $1,079,000 after buying an additional 56 shares in the last quarter. Finally, SSI Investment Management Inc. boosted its stake in shares of Comcast Corp. by 1.2% in the second quarter. SSI Investment Management Inc. now owns 4,888 shares of the cable giant’s stock worth $318,000 after buying an additional 59 shares in the last quarter. Institutional investors and hedge funds own 81.30% of the company’s stock.

Institutional Ownership by Quarter for Comcast Corp. (NASDAQ:CMCSA)

Shares of Comcast Corp. (NASDAQ:CMCSA) traded up 2.68% during mid-day trading on Tuesday, hitting $70.14. 15,245,615 shares of the company were exchanged. The company’s 50-day moving average price is $64.93 and its 200-day moving average price is $65.14. Comcast Corp. has a 12-month low of $52.34 and a 12-month high of $70.22. The firm has a market capitalization of $167.83 billion, a P/E ratio of 20.57 and a beta of 1.08.

Comcast Corp. (NASDAQ:CMCSA) last announced its earnings results on Wednesday, October 26th. The cable giant reported $0.92 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.01. Comcast Corp. had a net margin of 10.65% and a return on equity of 15.22%. The firm had revenue of $21.32 billion for the quarter, compared to analyst estimates of $21.11 billion. During the same quarter in the prior year, the business posted $0.80 EPS. The business’s revenue was up 14.2% compared to the same quarter last year. Equities research analysts predict that Comcast Corp. will post $3.50 earnings per share for the current fiscal year.

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CMCSA has been the subject of a number of recent research reports. Credit Suisse Group AG reiterated an “outperform” rating and issued a $75.00 price objective (up from $69.00) on shares of Comcast Corp. in a report on Monday, August 1st. Argus upped their price target on shares of Comcast Corp. from $72.00 to $81.00 and gave the company a “buy” rating in a report on Monday, August 8th. Telsey Advisory Group upped their price target on shares of Comcast Corp. from $75.00 to $76.50 and gave the company an “outperform” rating in a report on Friday, August 19th. Barclays PLC restated an “overweight” rating and set a $70.00 price target on shares of Comcast Corp. in a report on Thursday, September 22nd. Finally, Robert W. Baird restated an “outperform” rating and set a $70.00 price target on shares of Comcast Corp. in a report on Sunday, September 25th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Comcast Corp. presently has an average rating of “Buy” and a consensus price target of $73.15.

In other news, EVP David L. Cohen sold 19,886 shares of the company’s stock in a transaction that occurred on Thursday, October 27th. The shares were sold at an average price of $62.21, for a total transaction of $1,237,108.06. Following the completion of the sale, the executive vice president now owns 246,070 shares of the company’s stock, valued at approximately $15,308,014.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Neil Smit sold 15,121 shares of the company’s stock in a transaction that occurred on Thursday, September 1st. The stock was sold at an average price of $65.68, for a total transaction of $993,147.28. Following the sale, the executive vice president now directly owns 66,289 shares of the company’s stock, valued at approximately $4,353,861.52. The disclosure for this sale can be found here. Company insiders own 1.27% of the company’s stock.

About Comcast Corp.

Comcast Corporation is a media and technology company. The Company’s primary businesses include Comcast Cable and NBCUniversal. Its Comcast Cable business operates in Cable Communications segment. Its NBCUniversal business consists of four segments, which include Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.

5 Day Chart for NASDAQ:CMCSA

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