AustralianSuper Pty Ltd Has $125.91 Million Stock Holdings in Comcast Corporation $CMCSA

AustralianSuper Pty Ltd raised its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 8.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,527,783 shares of the cable giant’s stock after purchasing an additional 264,768 shares during the quarter. AustralianSuper Pty Ltd owned approximately 0.09% of Comcast worth $125,907,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Dodge & Cox lifted its holdings in Comcast by 19.1% during the 1st quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant’s stock valued at $3,476,635,000 after purchasing an additional 15,115,074 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Comcast by 2.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 33,636,264 shares of the cable giant’s stock valued at $1,240,955,000 after purchasing an additional 926,663 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Comcast during the first quarter worth $940,015,000. Harris Associates L P lifted its holdings in shares of Comcast by 0.5% during the first quarter. Harris Associates L P now owns 20,594,519 shares of the cable giant’s stock worth $759,938,000 after buying an additional 111,662 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its holdings in shares of Comcast by 2.2% during the first quarter. Raymond James Financial Inc. now owns 20,243,358 shares of the cable giant’s stock worth $746,980,000 after buying an additional 427,705 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Down 0.1%

CMCSA stock opened at $29.28 on Monday. The company has a market cap of $108.11 billion, a PE ratio of 4.84, a price-to-earnings-growth ratio of 1.73 and a beta of 0.94. The business has a 50-day simple moving average of $31.92 and a 200 day simple moving average of $33.52. Comcast Corporation has a 52 week low of $29.15 and a 52 week high of $45.31. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.99.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. The business had revenue of $30.34 billion during the quarter. Comcast had a return on equity of 18.86% and a net margin of 18.44%. Sell-side analysts anticipate that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Citigroup reissued a “buy” rating on shares of Comcast in a report on Tuesday, August 26th. The Goldman Sachs Group dropped their target price on Comcast from $40.00 to $39.00 and set a “buy” rating for the company in a report on Wednesday, September 24th. Arete Research raised Comcast to a “hold” rating in a report on Tuesday, July 8th. Royal Bank Of Canada assumed coverage on Comcast in a report on Monday, September 8th. They set a “sector perform” rating and a $38.00 target price for the company. Finally, Barclays dropped their target price on Comcast from $35.00 to $34.00 and set an “equal weight” rating for the company in a report on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $39.76.

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.