Comcast Co. (NASDAQ:CMCSA) Stock Holdings Lifted by National Pension Service

National Pension Service lifted its position in Comcast Co. (NASDAQ:CMCSA) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,505,854 shares of the cable giant’s stock after buying an additional 160,024 shares during the quarter. National Pension Service’s holdings in Comcast were worth $329,132,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its stake in shares of Comcast by 39.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 10,065,475 shares of the cable giant’s stock worth $446,303,000 after purchasing an additional 2,861,358 shares during the last quarter. Lord Abbett & CO. LLC lifted its position in shares of Comcast by 43.3% in the third quarter. Lord Abbett & CO. LLC now owns 6,311,296 shares of the cable giant’s stock worth $279,843,000 after buying an additional 1,907,973 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Comcast by 422.9% during the 4th quarter. SG Americas Securities LLC now owns 1,678,815 shares of the cable giant’s stock worth $73,616,000 after acquiring an additional 1,357,756 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in shares of Comcast by 35.5% in the 3rd quarter. Canada Pension Plan Investment Board now owns 4,689,476 shares of the cable giant’s stock valued at $207,931,000 after acquiring an additional 1,227,469 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new stake in Comcast in the 3rd quarter worth approximately $49,424,000. Institutional investors own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

CMCSA has been the subject of several recent analyst reports. Redburn Atlantic downgraded Comcast from a “buy” rating to a “neutral” rating and decreased their target price for the company from $50.00 to $44.00 in a research note on Thursday, February 15th. Citigroup lowered their price target on Comcast from $53.00 to $48.00 and set a “buy” rating on the stock in a research note on Monday, April 29th. Oppenheimer restated an “outperform” rating and set a $55.00 price objective on shares of Comcast in a research report on Wednesday, April 3rd. BNP Paribas reiterated a “neutral” rating and set a $45.00 price target on shares of Comcast in a research note on Tuesday, April 9th. Finally, Benchmark restated a “buy” rating and issued a $55.00 price objective on shares of Comcast in a research note on Wednesday, April 10th. Ten research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, Comcast has a consensus rating of “Moderate Buy” and an average price target of $49.60.

Comcast Stock Down 0.8 %

CMCSA traded down $0.32 during trading on Thursday, reaching $38.73. 8,195,430 shares of the stock were exchanged, compared to its average volume of 20,935,379. The stock has a market cap of $151.96 billion, a P/E ratio of 10.33, a price-to-earnings-growth ratio of 0.97 and a beta of 0.99. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.59 and a current ratio of 0.59. The stock’s 50 day moving average price is $41.11 and its two-hundred day moving average price is $42.29. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.46.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $29.83 billion. During the same quarter last year, the company posted $0.92 earnings per share. Comcast’s quarterly revenue was up 1.2% on a year-over-year basis. Equities analysts expect that Comcast Co. will post 4.21 EPS 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.