Quantinno Capital Management LP lifted its position in Comcast Co. (NASDAQ:CMCSA - Free Report) by 7.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 444,250 shares of the cable giant's stock after acquiring an additional 32,477 shares during the period. Quantinno Capital Management LP's holdings in Comcast were worth $16,673,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently made changes to their positions in the company. Capital World Investors lifted its stake in shares of Comcast by 8.6% in 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 purchasing an additional 11,255,683 shares during the last quarter. Norges Bank acquired a new position in shares of Comcast in the 4th quarter valued at $3,835,226,000. Geode Capital Management LLC lifted its stake in shares of Comcast by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 85,812,139 shares of the cable giant's stock valued at $3,212,244,000 after purchasing an additional 1,006,272 shares during the last quarter. Dodge & Cox lifted its stake in shares of Comcast by 6.8% in the 4th quarter. Dodge & Cox now owns 79,102,667 shares of the cable giant's stock valued at $2,968,723,000 after purchasing an additional 5,039,823 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in shares of Comcast by 12.0% in the 4th quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant's stock valued at $1,890,027,000 after purchasing an additional 5,402,377 shares during the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research firms recently issued reports on CMCSA. Morgan Stanley set a $37.00 target price on Comcast in a research note on Friday, April 25th. Barclays reduced their price target on shares of Comcast from $37.00 to $35.00 and set an "equal weight" rating on the stock in a research report on Monday, April 28th. Macquarie reduced their price target 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. StockNews.com raised shares of Comcast from a "buy" rating to a "strong-buy" rating in a research report on Thursday, February 27th. Finally, Rosenblatt Securities restated a "neutral" rating and set a $36.00 price target on shares of Comcast in a report on Monday, April 28th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $42.10.
Get Our Latest Stock Report on CMCSA
Comcast Stock Down 0.1%
Shares of NASDAQ:CMCSA traded down $0.04 during trading on Monday, hitting $35.45. The company's stock had a trading volume of 5,044,436 shares, compared to its average volume of 26,671,320. The stock's 50-day moving average price is $34.88 and its two-hundred day moving average price is $37.25. Comcast Co. has a fifty-two week low of $31.44 and a fifty-two week high of $45.31. The company has a market capitalization of $132.34 billion, a PE ratio of 8.54, a PEG ratio of 1.78 and a beta of 0.97. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68.
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. The firm had revenue of $29.89 billion for the quarter, compared to analysts' expectations of $29.82 billion. Comcast had a return on equity of 19.98% and a net margin of 13.09%. Comcast'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 earnings per share. As a group, sell-side analysts expect that Comcast Co. will post 4.33 EPS for the current 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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