Comcast Corporation $CMCSA Shares Acquired by Ruffer LLP

Ruffer LLP boosted its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 85.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 139,073 shares of the cable giant’s stock after purchasing an additional 64,198 shares during the period. Ruffer LLP’s holdings in Comcast were worth $4,370,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in CMCSA. Argyle Capital Management LLC raised its stake in Comcast by 0.5% during the 2nd quarter. Argyle Capital Management LLC now owns 61,186 shares of the cable giant’s stock valued at $2,184,000 after acquiring an additional 300 shares during the last quarter. Cape Investment Advisory Inc. grew its position in Comcast by 2.6% in the 2nd quarter. Cape Investment Advisory Inc. now owns 12,275 shares of the cable giant’s stock valued at $438,000 after buying an additional 307 shares during the last quarter. Coign Capital Advisors LLC raised its position in Comcast by 2.1% during the 2nd quarter. Coign Capital Advisors LLC now owns 15,919 shares of the cable giant’s stock worth $568,000 after buying an additional 324 shares during the last quarter. Live Oak Investment Partners boosted its holdings in shares of Comcast by 1.2% in the second quarter. Live Oak Investment Partners now owns 28,392 shares of the cable giant’s stock valued at $1,013,000 after acquiring an additional 328 shares in the last quarter. Finally, OneAscent Family Office LLC lifted its position in Comcast by 4.9% in the second quarter. OneAscent Family Office LLC now owns 7,048 shares of the cable giant’s stock valued at $252,000 after purchasing an additional 332 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. KeyCorp downgraded Comcast from an “overweight” rating to a “sector weight” rating in a research note on Thursday, October 30th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Comcast in a research note on Friday, January 9th. Arete Research set a $23.00 target price on shares of Comcast in a research report on Tuesday, January 6th. Scotiabank set a $37.50 price target on shares of Comcast in a research report on Wednesday, January 7th. Finally, Rosenblatt Securities lowered their price target on Comcast from $33.00 to $30.00 and set a “neutral” rating on the stock in a report on Monday, December 1st. Eleven investment analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Comcast has a consensus rating of “Hold” and an average price target of $35.47.

Comcast Stock Performance

NASDAQ:CMCSA opened at $28.41 on Thursday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market cap of $103.52 billion, a PE ratio of 4.73, a P/E/G ratio of 2.02 and a beta of 0.81. The firm has a 50 day simple moving average of $28.31 and a 200-day simple moving average of $30.40. Comcast Corporation has a 1-year low of $25.75 and a 1-year high of $37.97.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, January 29th. The cable giant reported $0.84 EPS for the quarter, topping the consensus estimate of $0.75 by $0.09. Comcast had a net margin of 18.33% and a return on equity of 18.06%. On average, equities analysts expect that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Company Profile

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.