OMERS ADMINISTRATION Corp grew its holdings in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 13.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 180,112 shares of the cable giant's stock after acquiring an additional 21,462 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Comcast were worth $6,760,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. Norges Bank purchased a new stake in shares of Comcast in the 4th quarter valued at $3,835,226,000. Raymond James Financial Inc. purchased a new stake in shares of Comcast during the fourth quarter valued at approximately $743,681,000. Amundi grew its holdings in shares of Comcast by 147.9% in the fourth quarter. Amundi now owns 24,086,671 shares of the cable giant's stock worth $895,499,000 after purchasing an additional 14,369,056 shares during the last quarter. Capital World Investors raised its holdings in Comcast by 8.6% during the 4th quarter. Capital World Investors now owns 141,680,277 shares of the cable giant's stock valued at $5,317,167,000 after buying an additional 11,255,683 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in Comcast by 12.0% in the 4th quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant's stock worth $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.
Analyst Ratings Changes
A number of brokerages recently issued reports on CMCSA. Barclays reduced their price target on Comcast from $37.00 to $35.00 and set an "equal weight" rating on the stock in a report on Monday, April 28th. Bank of America downgraded Comcast from a "buy" rating to a "neutral" rating and decreased their target price for the company from $50.00 to $38.00 in a report on Friday, January 31st. KeyCorp dropped 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. Macquarie reduced their price objective on shares of Comcast from $42.00 to $36.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. Finally, Oppenheimer dropped their target price on shares of Comcast from $55.00 to $38.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $42.10.
Check Out Our Latest Stock Analysis on Comcast
Comcast Stock Up 0.4%
Comcast stock traded up $0.15 during mid-day trading on Friday, reaching $35.48. The stock had a trading volume of 20,639,695 shares, compared to its average volume of 21,931,881. The company has a market capitalization of $132.47 billion, a price-to-earnings ratio of 8.55, a PEG ratio of 1.78 and a beta of 0.97. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. Comcast Co. has a one year low of $31.44 and a one year high of $45.31. The company has a 50-day moving average price of $34.88 and a two-hundred day moving average price of $37.33.
Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings results 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 net margin of 13.09% and a return on equity of 19.98%. 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 company posted $1.04 earnings per share. The business's revenue for the quarter was down .6% on a year-over-year basis. On average, analysts expect that Comcast Co. will post 4.33 EPS for the current fiscal year.
About Comcast
(
Free Report)
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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