Mufg Securities Americas Inc. Buys New Position in Comcast Co. (NASDAQ:CMCSA)

Mufg Securities Americas Inc. purchased a new position in Comcast Co. (NASDAQ:CMCSA - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 56,347 shares of the cable giant's stock, valued at approximately $2,115,000.

A number of other institutional investors also recently bought and sold shares of the stock. Norges Bank purchased a new position in shares of Comcast during the fourth quarter valued at $3,835,226,000. Raymond James Financial Inc. purchased a new stake in shares of Comcast during the fourth quarter worth about $743,681,000. Amundi grew its stake in shares of Comcast by 147.9% during the fourth quarter. Amundi now owns 24,086,671 shares of the cable giant's stock worth $895,499,000 after acquiring an additional 14,369,056 shares during the last quarter. Capital World Investors lifted 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 worth $5,317,167,000 after purchasing an additional 11,255,683 shares during the period. Finally, Ameriprise Financial Inc. lifted 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 worth $1,890,027,000 after purchasing an additional 5,402,377 shares during the period. 84.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Benchmark lowered their price objective on Comcast from $57.00 to $55.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. Argus lowered Comcast from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. Sanford C. Bernstein set a $38.00 target price on Comcast in a research note on Friday, January 31st. Citigroup reduced their target price on Comcast from $44.00 to $39.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Finally, Oppenheimer reduced their price objective on Comcast from $55.00 to $38.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. 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 given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $42.10.

Comcast Price Performance

NASDAQ:CMCSA traded down $0.07 during trading hours on Monday, hitting $35.41. The company's stock had a trading volume of 4,645,908 shares, compared to its average volume of 26,665,664. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. The company has a market capitalization of $132.21 billion, a PE ratio of 8.53, a PEG ratio of 1.78 and a beta of 0.97. Comcast Co. has a 52-week low of $31.44 and a 52-week high of $45.31. The business's 50-day moving average is $34.88 and its two-hundred day moving average is $37.25.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $29.82 billion. During the same quarter last year, the company earned $1.04 earnings per share. The business's revenue for the quarter was down .6% compared to the same quarter last year. As a group, research analysts anticipate that Comcast Co. will post 4.33 EPS for the current fiscal 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.