Ameriprise Financial Inc. Raises Stake in Comcast Co. (NASDAQ:CMCSA)

Ameriprise Financial Inc. grew its position in Comcast Co. (NASDAQ:CMCSA - Free Report) by 12.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 50,320,446 shares of the cable giant's stock after buying an additional 5,402,377 shares during the period. Ameriprise Financial Inc. owned 1.33% of Comcast worth $1,890,027,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Alteri Wealth LLC purchased a new stake in Comcast during the 4th quarter worth approximately $626,000. American Trust Investment Advisors LLC purchased a new stake in shares of Comcast during the fourth quarter valued at $4,096,000. Aptus Capital Advisors LLC increased its position in shares of Comcast by 27.8% in the 4th quarter. Aptus Capital Advisors LLC now owns 235,561 shares of the cable giant's stock valued at $8,841,000 after acquiring an additional 51,259 shares during the period. Aspire Growth Partners LLC purchased a new position in Comcast in the 4th quarter worth $364,000. Finally, AXA S.A. lifted its position in Comcast by 6.0% during the 4th quarter. AXA S.A. now owns 1,738,884 shares of the cable giant's stock worth $65,260,000 after acquiring an additional 98,319 shares during the period. Hedge funds and other institutional investors own 84.32% of the company's stock.

Analyst Upgrades and Downgrades

CMCSA has been the topic of a number of recent research reports. UBS Group set a $44.50 target price on Comcast in a research report on Friday, April 25th. The Goldman Sachs Group cut their price objective on shares of Comcast from $50.00 to $44.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Citigroup decreased their target price on shares of Comcast from $44.00 to $39.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Barclays reduced their price objective on Comcast from $37.00 to $35.00 and set an "equal weight" rating for the company in a research note on Monday, April 28th. Finally, Bank of America lowered Comcast from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $50.00 to $38.00 in a report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, Comcast has a consensus rating of "Moderate Buy" and a consensus price target of $42.10.

Comcast Trading Down 0.3 %

NASDAQ CMCSA traded down $0.10 during trading hours on Wednesday, reaching $34.39. The company had a trading volume of 25,154,055 shares, compared to its average volume of 21,846,874. Comcast Co. has a 1-year low of $31.44 and a 1-year high of $45.31. The stock has a market capitalization of $130.03 billion, a P/E ratio of 8.29, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97. The stock has a 50-day moving average of $35.10 and a 200 day moving average of $37.68. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The company had revenue of $29.89 billion for the quarter, compared to analysts' expectations of $29.82 billion. During the same period in the prior year, the firm earned $1.04 earnings per share. The firm's revenue was down .6% compared to the same quarter last year. As a group, research analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Company Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.