USS Investment Management Ltd Sells 62,667 Shares of Comcast Co. (NASDAQ:CMCSA)

USS Investment Management Ltd trimmed its holdings in Comcast Co. (NASDAQ:CMCSA - Free Report) by 6.5% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 907,263 shares of the cable giant's stock after selling 62,667 shares during the quarter. USS Investment Management Ltd's holdings in Comcast were worth $34,054,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Norges Bank purchased a new stake in shares of Comcast during the 4th quarter valued at about $3,835,226,000. Raymond James Financial Inc. purchased a new stake in shares of Comcast during the 4th quarter valued at about $743,681,000. Amundi increased its position in shares of Comcast by 147.9% during the 4th 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 last quarter. Capital World Investors increased its position in shares of Comcast by 8.6% during the 4th 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 last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of Comcast by 12.0% during the 4th quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant's stock valued at $1,890,027,000 after acquiring an additional 5,402,377 shares during the period. 84.32% of the stock is currently owned by institutional investors.

Comcast Stock Performance

NASDAQ:CMCSA opened at $35.44 on Tuesday. The stock's fifty day moving average is $34.88 and its 200 day moving average is $37.20. Comcast Co. has a fifty-two week low of $31.44 and a fifty-two week high of $45.31. The firm has a market capitalization of $132.32 billion, a PE ratio of 8.54, a PEG ratio of 1.78 and a beta of 0.97. 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 released its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $29.82 billion. During the same quarter in the prior year, the firm posted $1.04 EPS. Comcast's quarterly revenue was down .6% compared to the same quarter last year. On average, sell-side analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current year.

Analyst Upgrades and Downgrades

CMCSA has been the subject of a number of recent research reports. Argus downgraded Comcast from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. KeyCorp cut their price objective on Comcast from $47.00 to $45.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Benchmark cut their price objective on Comcast from $57.00 to $55.00 and set a "buy" rating for the company in a research note on Friday, January 31st. BNP Paribas downgraded Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price objective for the company. in a research note on Thursday, April 10th. Finally, Bank of America downgraded Comcast from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $50.00 to $38.00 in a research note on Friday, January 31st. Two equities 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 assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $42.10.

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.

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