Comcast Co. (NASDAQ:CMCSA) Shares Purchased by Tpg Gp A LLC

TPG GP A LLC increased its position in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 26.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,438,194 shares of the cable giant's stock after purchasing an additional 298,472 shares during the period. Comcast accounts for about 0.9% of TPG GP A LLC's holdings, making the stock its 23rd biggest holding. TPG GP A LLC's holdings in Comcast were worth $53,975,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CMCSA. Capital World Investors increased its position 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 acquiring an additional 11,255,683 shares during the last quarter. Norges Bank purchased a new position in shares of Comcast in the fourth quarter valued at approximately $3,835,226,000. Geode Capital Management LLC boosted its stake in shares of Comcast by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 85,812,139 shares of the cable giant's stock valued at $3,212,244,000 after purchasing an additional 1,006,272 shares during the period. Dodge & Cox boosted its stake 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 valued at $2,968,723,000 after purchasing an additional 5,039,823 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in shares of Comcast by 12.0% in the fourth quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant's stock valued at $1,890,027,000 after purchasing an additional 5,402,377 shares during the period. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Macquarie decreased their price target on shares of Comcast from $42.00 to $36.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. StockNews.com raised Comcast from a "buy" rating to a "strong-buy" rating in a research report on Thursday, February 27th. Citigroup lowered their price objective on Comcast from $44.00 to $39.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Rosenblatt Securities reissued a "neutral" rating and issued a $36.00 target price on shares of Comcast in a research report on Monday, April 28th. Finally, BNP Paribas cut Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 target price for the company. in a research report on Thursday, April 10th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $42.10.

Comcast Stock Performance

Comcast stock traded down $0.49 during mid-day trading on Wednesday, reaching $35.10. 17,290,876 shares of the company were exchanged, compared to its average volume of 21,955,074. The firm has a market cap of $131.05 billion, a PE ratio of 8.46, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97. The firm's 50-day simple moving average is $34.89 and its two-hundred day simple moving average is $37.17. Comcast Co. has a twelve month low of $31.44 and a twelve month high of $45.31. 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 issued its earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share (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 business had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $29.82 billion. During the same period in the prior year, the business posted $1.04 EPS. The company's revenue for the quarter was down .6% on a year-over-year basis. Equities analysts predict that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast 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.