Comcast Co. (NASDAQ:CMCSA) Shares Acquired by Unigestion Holding SA

Unigestion Holding SA raised its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 475.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 894,556 shares of the cable giant’s stock after acquiring an additional 739,137 shares during the quarter. Comcast makes up 1.7% of Unigestion Holding SA’s portfolio, making the stock its 22nd biggest position. Unigestion Holding SA’s holdings in Comcast were worth $48,404,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. FMR LLC boosted its stake in Comcast by 7.4% during 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 last quarter. Norges Bank bought a new position in Comcast during the 4th quarter valued at $2,713,360,000. Price T Rowe Associates Inc. MD boosted its stake in Comcast by 0.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 47,738,347 shares of the cable giant’s stock valued at $2,501,489,000 after acquiring an additional 173,132 shares during the last quarter. Morgan Stanley lifted its position in shares of Comcast by 7.0% in the 4th quarter. Morgan Stanley now owns 37,933,210 shares of the cable giant’s stock worth $1,987,699,000 after buying an additional 2,487,384 shares during the last quarter. Finally, Parnassus Investments CA lifted its position in shares of Comcast by 1.0% in the 4th quarter. Parnassus Investments CA now owns 21,650,352 shares of the cable giant’s stock worth $1,134,478,000 after buying an additional 214,483 shares during the last quarter. Hedge funds and other institutional investors own 82.56% of the company’s stock.

In other news, Director Kenneth J. Bacon sold 3,966 shares of Comcast stock in a transaction that occurred on Monday, May 10th. The shares were sold at an average price of $58.83, for a total value of $233,319.78. Following the transaction, the director now owns 33,611 shares of the company’s stock, valued at approximately $1,977,335.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brian L. Roberts sold 709,673 shares of Comcast stock in a transaction that occurred on Friday, April 30th. The stock was sold at an average price of $55.20, for a total transaction of $39,173,949.60. The disclosure for this sale can be found here. Insiders own 1.14% of the company’s stock.

A number of research firms have recently issued reports on CMCSA. Cowen upgraded shares of Comcast from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $56.00 to $60.00 in a research report on Wednesday, February 3rd. TD Securities raised their price target on shares of Comcast from $68.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, April 30th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised their price target on shares of Comcast from $59.00 to $62.00 in a research report on Friday, April 9th. Citigroup raised their price target on shares of Comcast from $59.00 to $62.00 in a research report on Friday, April 9th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Comcast from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, May 4th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and fifteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $61.75.

Comcast stock traded up $1.29 during trading hours on Friday, hitting $58.68. 15,864,441 shares of the company traded hands, compared to its average volume of 18,105,975. The firm has a market cap of $268.79 billion, a P/E ratio of 26.31, a P/E/G ratio of 1.69 and a beta of 0.99. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.20. The firm’s 50-day simple moving average is $55.25 and its two-hundred day simple moving average is $52.04. Comcast Co. has a 1-year low of $34.85 and a 1-year high of $59.11.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, April 29th. The cable giant reported $0.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.17. The firm had revenue of $27.21 billion for the quarter, compared to analysts’ expectations of $26.83 billion. Comcast had a net margin of 9.90% and a return on equity of 15.45%. Comcast’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the company earned $0.77 EPS. On average, equities research analysts predict that Comcast Co. will post 2.54 earnings per share for the current year.

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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