Mitsubishi UFJ Asset Management Co. Ltd. Acquires 353,965 Shares of Comcast Corporation $CMCSA

Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 4.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,028,622 shares of the cable giant's stock after purchasing an additional 353,965 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.22% of Comcast worth $237,165,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in CMCSA. Imprint Wealth LLC bought a new stake in Comcast during the 3rd quarter valued at about $26,000. United Financial Planning Group LLC bought a new position in Comcast in the 3rd quarter worth about $28,000. Olistico Wealth LLC purchased a new position in shares of Comcast during the fourth quarter worth approximately $29,000. Richardson Financial Services Inc. increased its position in shares of Comcast by 212.6% during the fourth quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant's stock worth $30,000 after acquiring an additional 691 shares during the period. Finally, Lodestone Wealth Management LLC bought a new stake in shares of Comcast during the fourth quarter valued at approximately $33,000. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Price Performance

Shares of NASDAQ CMCSA opened at $26.44 on Thursday. Comcast Corporation has a fifty-two week low of $25.75 and a fifty-two week high of $36.66. The company has a market cap of $94.45 billion, a PE ratio of 5.20, a P/E/G ratio of 2.13 and a beta of 0.71. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.87 and a current ratio of 0.87. The business has a 50-day simple moving average of $29.19 and a two-hundred day simple moving average of $28.95.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.06. The firm had revenue of $31.46 billion for the quarter, compared to the consensus estimate of $30.42 billion. Comcast had a net margin of 15.00% and a return on equity of 15.47%. The company's revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.09 earnings per share. As a group, equities analysts expect that Comcast Corporation will post 3.58 EPS for the current fiscal year.

Analyst Ratings Changes

CMCSA has been the subject of a number of research reports. Wall Street Zen upgraded Comcast to a "hold" rating in a report on Saturday, March 14th. BNP Paribas Exane decreased their target price on Comcast from $26.00 to $25.00 and set an "underperform" rating for the company in a research report on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft cut Comcast from a "buy" rating to a "hold" rating and set a $34.00 target price for the company. in a report on Friday, April 24th. Zacks Research upgraded Comcast from a "strong sell" rating to a "hold" rating in a research note on Tuesday, March 31st. Finally, Bank of America upgraded Comcast from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $31.00 to $37.00 in a report on Monday, January 12th. Eight investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $34.94.

Insider Transactions at Comcast

In other Comcast news, CEO Michael J. Cavanagh sold 57,947 shares of the firm's stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $32.66, for a total value of $1,892,549.02. Following the completion of the transaction, the chief executive officer owned 622,336 shares of the company's stock, valued at approximately $20,325,493.76. This trade represents a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.40% of the company's stock.

Comcast Company Profile

Comcast Corporation NASDAQ: CMCSA is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal's assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.

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