Mufg Securities Americas Inc. Purchases Shares of 56,347 Comcast Co. (NASDAQ:CMCSA)

Mufg Securities Americas Inc. purchased a new position in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 56,347 shares of the cable giant's stock, valued at approximately $2,115,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CMCSA. Promus Capital LLC bought a new stake in Comcast during the 4th quarter worth about $25,000. Winch Advisory Services LLC raised its holdings in Comcast by 269.9% during the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant's stock worth $26,000 after purchasing an additional 502 shares during the last quarter. Roxbury Financial LLC bought a new stake in Comcast during the 4th quarter worth about $27,000. Wingate Wealth Advisors Inc. bought a new stake in Comcast during the 4th quarter worth about $28,000. Finally, Marshall & Sterling Wealth Advisors Inc. bought a new stake in Comcast during the 4th quarter worth about $36,000. Institutional investors and hedge funds own 84.32% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. BNP Paribas cut Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price objective for the company. in a report on Thursday, April 10th. JPMorgan Chase & Co. lowered their price target on Comcast from $45.00 to $39.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. Morgan Stanley set a $37.00 price target on Comcast in a research note on Friday, April 25th. KeyCorp lowered their price target on Comcast from $47.00 to $45.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Finally, Rosenblatt Securities reaffirmed a "neutral" rating and issued a $36.00 price target on shares of Comcast in a research note on Monday, April 28th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, Comcast has an average rating of "Moderate Buy" and a consensus price target of $42.10.

Comcast Stock Up 0.4%

NASDAQ:CMCSA traded up $0.15 during trading hours on Friday, reaching $35.48. 20,639,695 shares of the stock were exchanged, compared to its average volume of 21,931,881. 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 current ratio of 0.68 and a quick ratio of 0.68. The firm has a 50 day moving average of $34.88 and a 200 day moving average of $37.33. The stock has a market cap of $132.47 billion, a PE ratio of 8.55, a PEG ratio of 1.78 and a beta of 0.97.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, beating the consensus estimate of $1.01 by $0.08. The company had revenue of $29.89 billion during 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 firm's revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.04 EPS. 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.