ERTS Wealth Advisors LLC grew its holdings in Comcast Co. (NASDAQ:CMCSA) by 37.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,856 shares of the cable giant’s stock after purchasing an additional 1,600 shares during the period. ERTS Wealth Advisors LLC’s holdings in Comcast were worth $248,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the company. Archford Capital Strategies LLC raised its position in Comcast by 6.2% in the 2nd quarter. Archford Capital Strategies LLC now owns 4,134 shares of the cable giant’s stock valued at $175,000 after purchasing an additional 240 shares in the last quarter. Ironwood Investment Counsel LLC increased its holdings in shares of Comcast by 0.5% in the 2nd quarter. Ironwood Investment Counsel LLC now owns 51,524 shares of the cable giant’s stock valued at $2,178,000 after acquiring an additional 243 shares during the last quarter. SevenBridge Financial Group LLC increased its holdings in shares of Comcast by 0.6% in the 2nd quarter. SevenBridge Financial Group LLC now owns 41,429 shares of the cable giant’s stock valued at $1,752,000 after acquiring an additional 249 shares during the last quarter. Camarda Financial Advisors LLC increased its holdings in shares of Comcast by 8.1% in the 1st quarter. Camarda Financial Advisors LLC now owns 3,331 shares of the cable giant’s stock valued at $133,000 after acquiring an additional 250 shares during the last quarter. Finally, Intellectus Partners LLC increased its holdings in shares of Comcast by 2.8% in the 2nd 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 during the last quarter. 82.63% of the stock is currently owned by institutional investors and hedge funds.

In other Comcast news, Director Kenneth J. Bacon sold 4,000 shares of the stock in a transaction that occurred 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 completion of the sale, the director now directly owns 29,603 shares of the company’s stock, valued at approximately $1,333,023.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Daniel C. Murdock sold 848 shares of the stock in a transaction that occurred 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 sale, the senior vice president now directly owns 3,419 shares of the company’s stock, valued at $151,222.37. The disclosure for this sale can be found here. Company insiders own 1.35% of the company’s stock.

NASDAQ:CMCSA traded up $0.09 during mid-day trading on Friday, reaching $47.06. 179,455 shares of the stock were exchanged, compared to its average volume of 14,433,347. The company has a 50 day simple moving average of $43.82 and a 200-day simple moving average of $42.27. The stock has a market capitalization of $211.11 billion, a P/E ratio of 18.44, a P/E/G ratio of 1.27 and a beta of 1.08. 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 1 year low of $32.61 and a 1 year high of $47.27.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, July 25th. The cable giant reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.03. The firm had revenue of $26.86 billion for the quarter, compared to the consensus estimate of $27.08 billion. Comcast had a return on equity of 17.50% and a net margin of 11.64%. The firm’s quarterly revenue was up 23.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.65 EPS. As a group, research analysts predict that Comcast Co. will post 3.09 EPS for the current year.

A number of research analysts have recently commented on CMCSA shares. Goldman Sachs Group upgraded Comcast from a “neutral” rating to a “buy” rating and increased their price objective for the company from $44.00 to $54.00 in a report on Wednesday, July 10th. Wells Fargo & Co started coverage on Comcast in a report on Tuesday, August 27th. They issued an “outperform” rating and a $50.00 price objective on the stock. Raymond James downgraded Comcast from a “strong-buy” rating to an “outperform” rating and dropped their price objective for the company from $25.00 to $21.00 in a report on Friday, June 14th. Cfra set a $50.00 price objective on Comcast and gave the company a “buy” rating in a report on Wednesday, August 21st. Finally, BidaskClub upgraded Comcast from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Five analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $46.97.

About Comcast

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.

Recommended Story: Preferred Stock

Want to see what other hedge funds are holding CMCSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comcast Co. (NASDAQ:CMCSA).

Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

Receive News & Ratings for Comcast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast and related companies with MarketBeat.com's FREE daily email newsletter.