USS Investment Management Ltd Sells 62,667 Shares of Comcast Co. (NASDAQ:CMCSA)

USS Investment Management Ltd decreased its position in shares of Comcast Co. (NASDAQ:CMCSA) by 6.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 907,263 shares of the cable giant’s stock after selling 62,667 shares during the quarter. USS Investment Management Ltd’s holdings in Comcast were worth $34,054,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Capital World Investors boosted its holdings in Comcast by 8.6% in the fourth quarter. Capital World Investors now owns 141,680,277 shares of the cable giant’s stock worth $5,317,167,000 after acquiring an additional 11,255,683 shares in the last quarter. Norges Bank acquired a new stake in Comcast in the fourth quarter worth about $3,835,226,000. Geode Capital Management LLC boosted its holdings in Comcast by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 85,812,139 shares of the cable giant’s stock worth $3,212,244,000 after acquiring an additional 1,006,272 shares in the last quarter. Dodge & Cox boosted its holdings in Comcast by 6.8% in the fourth quarter. Dodge & Cox now owns 79,102,667 shares of the cable giant’s stock worth $2,968,723,000 after acquiring an additional 5,039,823 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in Comcast by 12.0% in the fourth quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant’s stock worth $1,890,027,000 after acquiring an additional 5,402,377 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on CMCSA shares. KeyCorp lowered their price target on Comcast from $47.00 to $45.00 and set an “overweight” rating for the company in a report on Monday, April 14th. Macquarie reduced their price objective on Comcast from $42.00 to $36.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Barclays reduced their price objective on Comcast from $37.00 to $35.00 and set an “equal weight” rating for the company in a research note on Monday, April 28th. Morgan Stanley set a $37.00 price objective on Comcast in a research note on Friday, April 25th. Finally, Scotiabank restated a “sector perform” rating and issued a $44.50 price objective (down from $45.00) on shares of Comcast in a research note on Friday, April 25th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $42.10.

Comcast Stock Performance

Shares of NASDAQ:CMCSA opened at $35.44 on Tuesday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. The business’s 50 day moving average price is $34.88 and its 200-day moving average price is $37.20. The firm has a market capitalization of $132.32 billion, a PE ratio of 8.54, a P/E/G ratio of 1.78 and a beta of 0.97. Comcast Co. has a 1 year low of $31.44 and a 1 year high of $45.31.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results 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. The firm had revenue of $29.89 billion for the quarter, compared to analyst estimates of $29.82 billion. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The business’s revenue was down .6% on a year-over-year basis. During the same period in the previous year, the company posted $1.04 earnings per share. As a group, equities research analysts expect that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

About Comcast

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.