Jefferies Financial Group Inc. Raises Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Jefferies Financial Group Inc. boosted its holdings in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 427.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 245,568 shares of the cable giant's stock after purchasing an additional 199,038 shares during the quarter. Jefferies Financial Group Inc.'s holdings in Comcast were worth $9,216,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CMCSA. Norges Bank acquired a new position in shares of Comcast during the fourth quarter valued at approximately $3,835,226,000. Raymond James Financial Inc. acquired a new position in shares of Comcast during the fourth quarter valued at approximately $743,681,000. Amundi raised its holdings 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 acquiring an additional 14,369,056 shares during the last quarter. Capital World Investors raised its holdings 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. Finally, Ameriprise Financial Inc. raised its holdings in shares of Comcast by 12.0% during 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 acquiring an additional 5,402,377 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on CMCSA. Citigroup cut their price target on Comcast from $44.00 to $39.00 and set a "buy" rating for the company in a report on Friday, April 25th. UBS Group set a $44.50 price target on Comcast in a report on Friday, April 25th. JPMorgan Chase & Co. cut their price target on Comcast from $45.00 to $39.00 and set a "neutral" rating for the company in a report on Friday, January 31st. The Goldman Sachs Group cut their price target on Comcast from $50.00 to $44.00 and set a "buy" rating for the company in a report on Friday, January 31st. Finally, KeyCorp cut their price target on Comcast from $47.00 to $45.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, Comcast currently has a consensus rating of "Moderate Buy" and an average target price of $42.10.

Comcast Trading Up 0.1%

CMCSA opened at $34.25 on Monday. Comcast Co. has a 52 week low of $31.44 and a 52 week high of $45.31. The business has a fifty day simple moving average of $35.01 and a 200-day simple moving average of $37.51. The firm has a market cap of $127.88 billion, a P/E ratio of 8.25, a P/E/G ratio of 1.78 and a beta of 0.97. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, topping 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 business had revenue of $29.89 billion during the quarter, compared to analyst estimates of $29.82 billion. During the same period last year, the business posted $1.04 earnings per share. The company's quarterly revenue was down .6% on a year-over-year basis. On average, equities analysts expect that Comcast Co. will post 4.33 earnings per share for the current year.

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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