PGGM Investments Boosts Stock Position in Comcast Co. (NASDAQ:CMCSA)

PGGM Investments raised its stake in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 41.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 503,269 shares of the cable giant's stock after acquiring an additional 147,129 shares during the quarter. PGGM Investments' holdings in Comcast were worth $22,068,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. NewSquare Capital LLC increased its stake in shares of Comcast by 94.1% in the third quarter. NewSquare Capital LLC now owns 623 shares of the cable giant's stock valued at $28,000 after buying an additional 302 shares in the last quarter. Tennessee Valley Asset Management Partners acquired a new stake in Comcast in the fourth quarter worth about $34,000. Lipe & Dalton acquired a new stake in Comcast in the fourth quarter worth about $37,000. First Personal Financial Services acquired a new stake in Comcast in the third quarter worth about $39,000. Finally, Valued Wealth Advisors LLC acquired a new stake in Comcast in the fourth quarter worth about $44,000. 84.32% of the stock is owned by institutional investors.

Comcast Stock Up 1.8 %

Shares of NASDAQ CMCSA traded up $0.70 during trading hours on Friday, hitting $38.57. The company had a trading volume of 29,783,241 shares, compared to its average volume of 21,514,964. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.46. The firm's 50 day moving average is $41.58 and its 200-day moving average is $42.56. The company has a quick ratio of 0.60, a current ratio of 0.59 and a debt-to-equity ratio of 1.13. The stock has a market capitalization of $153.19 billion, a P/E ratio of 10.20, a price-to-earnings-growth ratio of 0.92 and a beta of 0.98.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share for the quarter, beating analysts' consensus estimates of $0.98 by $0.06. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The business had revenue of $30.06 billion for the quarter, compared to analysts' expectations of $29.83 billion. During the same quarter in the prior year, the business earned $0.92 EPS. The firm's revenue for the quarter was up 1.2% on a year-over-year basis. On average, analysts expect that Comcast Co. will post 4.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on CMCSA shares. StockNews.com lowered Comcast from a "strong-buy" rating to a "buy" rating in a research report on Friday, March 22nd. Benchmark reiterated a "buy" rating and issued a $55.00 price objective on shares of Comcast in a research report on Wednesday, April 10th. Evercore ISI reaffirmed an "outperform" rating and issued a $50.00 price target on shares of Comcast in a research note on Tuesday, March 26th. BNP Paribas reaffirmed a "neutral" rating and issued a $45.00 price target on shares of Comcast in a research note on Tuesday, April 9th. Finally, Citigroup upped their price target on Comcast from $51.00 to $53.00 and gave the company a "buy" rating in a research note on Tuesday, January 30th. Ten equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $49.45.

Insider Activity at Comcast

In related news, President Michael J. Cavanagh sold 114,749 shares of the stock in a transaction on Monday, January 29th. The stock was sold at an average price of $46.10, for a total value of $5,289,928.90. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.18% of the stock is owned by company insiders.

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.