Comcast Co. (NASDAQ:CMCSA) Shares Bought by PGGM Investments

PGGM Investments raised its position in Comcast Co. (NASDAQ:CMCSA) by 41.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 503,269 shares of the cable giant’s stock after acquiring an additional 147,129 shares during the quarter. PGGM Investments’ holdings in Comcast were worth $22,068,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. NewSquare Capital LLC grew its position in shares of Comcast by 94.1% during the third quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock worth $28,000 after buying an additional 302 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. grew its position in shares of Comcast by 299.1% during the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock worth $28,000 after buying an additional 475,675 shares in the last quarter. Tennessee Valley Asset Management Partners acquired a new stake in shares of Comcast during the fourth quarter worth approximately $34,000. Lipe & Dalton acquired a new stake in shares of Comcast during the fourth quarter worth approximately $37,000. Finally, First Personal Financial Services acquired a new stake in shares of Comcast during the third quarter worth approximately $39,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CMCSA. BNP Paribas reissued a “neutral” rating and set a $45.00 price target on shares of Comcast in a research report on Tuesday, April 9th. Benchmark restated a “buy” rating and set a $55.00 price objective on shares of Comcast in a research note on Wednesday, April 10th. Oppenheimer restated an “outperform” rating and set a $55.00 price objective on shares of Comcast in a research note on Wednesday, April 3rd. Redburn Atlantic cut Comcast from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $50.00 to $44.00 in a research note on Thursday, February 15th. Finally, Scotiabank reduced their price objective on Comcast from $50.00 to $47.25 and set a “sector perform” rating on the stock in a research note on Friday. Ten equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, Comcast presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.45.

Comcast Stock Up 1.8 %

Shares of Comcast stock traded up $0.70 during trading on Friday, hitting $38.57. 29,783,241 shares of the stock traded hands, compared to its average volume of 21,514,964. The stock has a market cap of $153.19 billion, a P/E ratio of 10.20, a PEG ratio of 0.92 and a beta of 0.98. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.60 and a current ratio of 0.59. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.46. The company has a fifty day moving average price of $41.58 and a two-hundred day moving average price of $42.57.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.06. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The firm had revenue of $30.06 billion during the quarter, compared to analyst estimates of $29.83 billion. During the same period in the previous year, the company earned $0.92 EPS. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. Equities research analysts predict that Comcast Co. will post 4.23 EPS for the current fiscal year.

Insider Buying and Selling

In other Comcast news, President Michael J. Cavanagh sold 114,749 shares of Comcast stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $46.10, for a total value of $5,289,928.90. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.18% of the company’s stock.

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.