Natixis Advisors L.P. Grows Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Natixis Advisors L.P. boosted its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 4.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,373,400 shares of the cable giant’s stock after purchasing an additional 192,598 shares during the quarter. Natixis Advisors L.P.’s holdings in Comcast were worth $191,772,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Northern Trust Corp raised its stake in shares of Comcast by 0.3% in the third quarter. Northern Trust Corp now owns 46,019,891 shares of the cable giant’s stock valued at $2,040,522,000 after acquiring an additional 141,874 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Comcast by 3.5% in the third quarter. Bank of New York Mellon Corp now owns 36,170,191 shares of the cable giant’s stock worth $1,603,786,000 after purchasing an additional 1,229,374 shares during the last quarter. LSV Asset Management grew its holdings in shares of Comcast by 4.7% in the third quarter. LSV Asset Management now owns 15,118,600 shares of the cable giant’s stock worth $670,359,000 after purchasing an additional 685,400 shares during the last quarter. Raymond James & Associates grew its holdings in shares of Comcast by 2.3% in the fourth quarter. Raymond James & Associates now owns 14,692,327 shares of the cable giant’s stock worth $644,258,000 after purchasing an additional 329,278 shares during the last quarter. Finally, California Public Employees Retirement System grew its holdings in shares of Comcast by 5.4% in the fourth quarter. California Public Employees Retirement System now owns 11,432,426 shares of the cable giant’s stock worth $501,312,000 after purchasing an additional 581,163 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

Shares of Comcast stock traded up $0.07 during midday trading on Thursday, hitting $38.27. The company had a trading volume of 6,919,698 shares, compared to its average volume of 20,694,670. The stock has a market cap of $152.00 billion, a price-to-earnings ratio of 10.12, a PEG ratio of 0.95 and a beta of 0.99. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.13. The company has a fifty day simple moving average of $41.39 and a 200 day simple moving average of $42.44. Comcast Co. has a 12-month low of $36.43 and a 12-month high of $47.46.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.06. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The company had revenue of $30.06 billion during the quarter, compared to analyst estimates of $29.83 billion. During the same period last year, the firm posted $0.92 EPS. Comcast’s revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, analysts predict that Comcast Co. will post 4.21 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on CMCSA shares. Wells Fargo & Company cut their price target on shares of Comcast from $47.00 to $43.00 and set an “equal weight” rating on the stock in a report on Friday, April 26th. Citigroup cut their price target on shares of Comcast from $53.00 to $48.00 and set a “buy” rating on the stock in a report on Monday. Oppenheimer restated an “outperform” rating and issued a $55.00 price target on shares of Comcast in a report on Wednesday, April 3rd. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Comcast from $55.00 to $53.00 in a report on Friday, April 5th. Finally, Rosenblatt Securities reiterated a “neutral” rating and set a $45.00 target price on shares of Comcast in a report on Friday, April 26th. Ten investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $49.60.

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.