Caisse DE Depot ET Placement DU Quebec Sells 2,059,151 Shares of Comcast Co. (NASDAQ:CMCSA)

Caisse DE Depot ET Placement DU Quebec trimmed its stake in Comcast Co. (NASDAQ:CMCSA - Free Report) by 52.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,876,602 shares of the cable giant's stock after selling 2,059,151 shares during the period. Caisse DE Depot ET Placement DU Quebec's holdings in Comcast were worth $70,429,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Norges Bank purchased a new stake in Comcast during the 4th quarter valued at about $3,835,226,000. Raymond James Financial Inc. purchased a new position in Comcast in the 4th quarter worth approximately $743,681,000. Amundi boosted its stake in shares of Comcast by 147.9% during the fourth quarter. Amundi now owns 24,086,671 shares of the cable giant's stock valued at $895,499,000 after purchasing an additional 14,369,056 shares during the period. Capital World Investors boosted its stake in shares of Comcast by 8.6% during the fourth quarter. Capital World Investors now owns 141,680,277 shares of the cable giant's stock valued at $5,317,167,000 after purchasing an additional 11,255,683 shares during the period. Finally, Dodge & Cox grew its holdings in shares of Comcast by 6.8% in the fourth quarter. Dodge & Cox now owns 79,102,667 shares of the cable giant's stock worth $2,968,723,000 after purchasing an additional 5,039,823 shares during the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CMCSA has been the topic of a number of recent analyst reports. Barclays cut their price target on shares of Comcast from $37.00 to $35.00 and set an "equal weight" rating on the stock in a report on Monday, April 28th. StockNews.com upgraded Comcast from a "buy" rating to a "strong-buy" rating in a report on Thursday, February 27th. Bank of America cut Comcast from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $50.00 to $38.00 in a report on Friday, January 31st. The Goldman Sachs Group decreased their target price on Comcast from $50.00 to $44.00 and set a "buy" rating for the company in a report on Friday, January 31st. Finally, UBS Group set a $44.50 price target on Comcast in a research note on Friday, April 25th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Comcast presently has a consensus rating of "Moderate Buy" and an average price target of $42.10.

Comcast Stock Down 0.0 %

Shares of NASDAQ:CMCSA traded down $0.01 during trading on Monday, reaching $34.45. 20,323,599 shares of the stock traded hands, compared to its average volume of 21,932,816. Comcast Co. has a 52-week low of $31.44 and a 52-week high of $45.31. The stock has a market cap of $130.26 billion, a P/E ratio of 8.30, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97. The stock has a 50-day moving average of $35.13 and a two-hundred day moving average of $37.76. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its 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. The business had revenue of $29.89 billion during the quarter, compared to analyst estimates of $29.82 billion. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The company's quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the company earned $1.04 EPS. As a group, sell-side analysts expect that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

About Comcast

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.