Comcast Co. (NASDAQ:CMCSA) Shares Bought by Man Group plc

Man Group plc lifted its stake in Comcast Co. (NASDAQ:CMCSA - Free Report) by 785.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,298,755 shares of the cable giant's stock after buying an additional 2,039,287 shares during the quarter. Man Group plc owned about 0.06% of Comcast worth $86,272,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in CMCSA. Integrated Investment Consultants LLC increased its stake in shares of Comcast by 1.8% in the fourth quarter. Integrated Investment Consultants LLC now owns 16,581 shares of the cable giant's stock worth $622,000 after buying an additional 291 shares during the period. Five Oceans Advisors boosted its stake in Comcast by 2.5% in the 4th quarter. Five Oceans Advisors now owns 12,336 shares of the cable giant's stock worth $463,000 after purchasing an additional 298 shares in the last quarter. Kovack Advisors Inc. boosted its stake in Comcast by 1.1% in the 4th quarter. Kovack Advisors Inc. now owns 26,470 shares of the cable giant's stock worth $993,000 after purchasing an additional 300 shares in the last quarter. Beck Mack & Oliver LLC raised its position in Comcast by 2.0% in the 4th quarter. Beck Mack & Oliver LLC now owns 15,539 shares of the cable giant's stock worth $583,000 after buying an additional 300 shares during the last quarter. Finally, Avitas Wealth Management LLC increased its position in shares of Comcast by 0.6% during the 4th quarter. Avitas Wealth Management LLC now owns 58,490 shares of the cable giant's stock valued at $2,195,000 after purchasing an additional 328 shares during the last quarter. Institutional investors own 84.32% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Benchmark reduced their target price on shares of Comcast from $57.00 to $55.00 and set a "buy" rating for the company in a report on Friday, January 31st. Bank of America downgraded Comcast from a "buy" rating to a "neutral" rating and lowered their target price for the company from $50.00 to $38.00 in a research report on Friday, January 31st. Argus downgraded Comcast from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. Macquarie decreased their target price on Comcast from $42.00 to $36.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. cut their price target on Comcast from $45.00 to $39.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $42.10.

Comcast Stock Up 0.4%

Shares of CMCSA traded up $0.15 during midday trading on Friday, reaching $35.48. 20,639,695 shares of the company were exchanged, compared to its average volume of 21,931,881. The stock has a 50-day moving average price of $34.88 and a 200-day moving average price of $37.33. The company has a market cap of $132.47 billion, a price-to-earnings ratio of 8.55, a P/E/G ratio of 1.78 and a beta of 0.97. Comcast Co. has a 1-year low of $31.44 and a 1-year high of $45.31. 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 announced 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. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The firm had revenue of $29.89 billion for the quarter, compared to analysts' expectations of $29.82 billion. During the same quarter in the prior year, the firm posted $1.04 earnings per share. Comcast's revenue for the quarter was down .6% compared to the same quarter last year. Research 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.