UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Comcast Co. (NASDAQ:CMCSA - Free Report) by 16.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,356,027 shares of the cable giant's stock after buying an additional 4,991,891 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.94% of Comcast worth $1,326,912,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Capital World Investors boosted its position in shares of Comcast by 8.6% in 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 period. Norges Bank bought a new stake in Comcast in the 4th quarter valued at about $3,835,226,000. Geode Capital Management LLC grew its position in shares of Comcast by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 85,812,139 shares of the cable giant's stock worth $3,212,244,000 after purchasing an additional 1,006,272 shares in the last quarter. Dodge & Cox increased its holdings in shares of Comcast by 6.8% during 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 period. Finally, Ameriprise Financial Inc. raised its position 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 buying an additional 5,402,377 shares in the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.
Comcast Stock Down 0.1%
CMCSA stock opened at $35.44 on Tuesday. Comcast Co. has a 12 month low of $31.44 and a 12 month high of $45.31. The company has a market cap of $132.32 billion, a price-to-earnings ratio of 8.54, a PEG ratio of 1.78 and a beta of 0.97. The firm has a 50-day moving average of $34.88 and a two-hundred day moving average of $37.20. 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 posted its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.08. The firm had revenue of $29.89 billion for the quarter, compared to the consensus estimate 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 in the previous year, the business earned $1.04 EPS. As a group, analysts forecast that Comcast Co. will post 4.33 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several equities research analysts have weighed in on the company. Barclays cut their target price 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. The Goldman Sachs Group reduced their price objective on Comcast from $50.00 to $44.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. StockNews.com raised Comcast from a "buy" rating to a "strong-buy" rating in a research note on Thursday, February 27th. Sanford C. Bernstein set a $38.00 price objective on shares of Comcast in a research report on Friday, January 31st. Finally, Citigroup cut their target price on shares of Comcast from $44.00 to $39.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $42.10.
Read Our Latest Stock Analysis on Comcast
About Comcast
(
Free Report)
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.
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