US Bancorp DE Buys 14,344 Shares of Comcast Co. (NASDAQ:CMCSA)


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US Bancorp DE boosted its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 0.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,884,093 shares of the cable giant’s stock after acquiring an additional 14,344 shares during the quarter. US Bancorp DE owned approximately 0.06% of Comcast worth $156,060,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Norges Bank acquired a new stake in shares of Comcast in the 4th quarter valued at approximately $2,713,360,000. FMR LLC raised its position in shares of Comcast by 7.4% in the 4th quarter. FMR LLC now owns 89,403,545 shares of the cable giant’s stock valued at $4,684,747,000 after acquiring an additional 6,132,846 shares during the period. Trian Fund Management L.P. raised its holdings in Comcast by 27.1% during the 4th quarter. Trian Fund Management L.P. now owns 19,857,892 shares of the cable giant’s stock worth $1,040,554,000 after buying an additional 4,229,746 shares during the period. NN Investment Partners Holdings N.V. raised its holdings in Comcast by 209.8% during the 4th quarter. NN Investment Partners Holdings N.V. now owns 4,549,858 shares of the cable giant’s stock worth $238,412,000 after buying an additional 3,081,065 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in Comcast by 34.3% during the 4th quarter. Principal Financial Group Inc. now owns 10,231,822 shares of the cable giant’s stock worth $536,147,000 after buying an additional 2,615,652 shares during the period. 82.56% of the stock is currently owned by hedge funds and other institutional investors.

CMCSA has been the topic of several research analyst reports. Citigroup raised their target price on shares of Comcast from $59.00 to $62.00 in a report on Friday, April 9th. Barclays lifted their price objective on shares of Comcast from $53.00 to $56.00 and gave the company an “overweight” rating in a report on Monday, February 1st. Oppenheimer upgraded shares of Comcast from a “market perform” rating to an “outperform” rating and set a $75.00 price objective on the stock in a report on Friday. Pivotal Research lifted their price objective on shares of Comcast from $65.00 to $70.00 in a report on Friday. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised their target price on shares of Comcast from $59.00 to $62.00 in a research note on Friday, April 9th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and fifteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $61.75.

CMCSA stock traded up $0.02 during midday trading on Tuesday, reaching $56.59. The company had a trading volume of 277,028 shares, compared to its average volume of 18,147,564. The company has a market capitalization of $259.22 billion, a price-to-earnings ratio of 25.37, a price-to-earnings-growth ratio of 1.69 and a beta of 0.99. The stock has a 50 day moving average price of $55.07 and a 200-day moving average price of $51.36. Comcast Co. has a 1-year low of $34.17 and a 1-year high of $58.58. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.93 and a quick ratio of 0.93.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, April 29th. The cable giant reported $0.76 EPS for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.17. The business had revenue of $27.21 billion during the quarter, compared to the consensus estimate of $26.83 billion. Comcast had a return on equity of 15.45% and a net margin of 9.90%. Comcast’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.77 earnings per share. As a group, research analysts anticipate that Comcast Co. will post 2.54 earnings per share for the current year.

In other Comcast news, CEO Brian L. Roberts sold 709,673 shares of the business’s stock in a transaction dated Friday, April 30th. The stock was sold at an average price of $55.20, for a total transaction of $39,173,949.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.14% of the stock is currently owned by insiders.

Comcast Company Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, wireless, and security and automation services to residential and business customers under the Xfinity brand, as well as sells advertising.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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