Mufg Securities Americas Inc. Purchases New Holdings in Comcast Co. (NASDAQ:CMCSA)

Mufg Securities Americas Inc. acquired a new position in Comcast Co. (NASDAQ:CMCSA) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 56,347 shares of the cable giant’s stock, valued at approximately $2,115,000.

A number of other institutional investors have also recently bought and sold shares of CMCSA. Capital World Investors boosted its holdings in Comcast by 8.6% in the 4th quarter. Capital World Investors now owns 141,680,277 shares of the cable giant’s stock worth $5,317,167,000 after buying an additional 11,255,683 shares during the period. Norges Bank purchased a new position in shares of Comcast in the fourth quarter valued at $3,835,226,000. Geode Capital Management LLC raised its stake in shares of Comcast by 1.2% during 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 period. Dodge & Cox lifted its holdings in Comcast by 6.8% during the 4th quarter. Dodge & Cox now owns 79,102,667 shares of the cable giant’s stock worth $2,968,723,000 after purchasing an additional 5,039,823 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake 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 purchasing an additional 5,402,377 shares during the period. Institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. lowered their price target on shares of Comcast from $45.00 to $39.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. BNP Paribas cut shares of Comcast from a “neutral” rating to an “underperform” rating and set a $31.00 target price on the stock. in a research note on Thursday, April 10th. The Goldman Sachs Group reduced their price target on shares of Comcast from $50.00 to $44.00 and set a “buy” rating for the company in a research report on Friday, January 31st. StockNews.com upgraded Comcast from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 27th. Finally, Morgan Stanley set a $37.00 target price on Comcast in a research report on Friday, April 25th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, Comcast currently has a consensus rating of “Moderate Buy” and an average price target of $42.10.

Comcast Stock Performance

Shares of CMCSA opened at $34.79 on Wednesday. Comcast Co. has a one year low of $31.44 and a one year high of $45.31. The firm has a market capitalization of $129.90 billion, a PE ratio of 8.38, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97. The company has a 50-day simple moving average of $34.96 and a two-hundred day simple moving average of $37.44. 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 (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The business had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $29.82 billion. During the same quarter in the prior year, the company earned $1.04 earnings per share. The firm’s quarterly revenue was down .6% compared to the same quarter last year. On average, analysts anticipate that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast 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.