Comcast Co. (NASDAQ:CMCSA) Shares Bought by DekaBank Deutsche Girozentrale

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DekaBank Deutsche Girozentrale lifted its holdings in Comcast Co. (NASDAQ:CMCSA) by 52.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 5,424,504 shares of the cable giant’s stock after acquiring an additional 1,862,621 shares during the quarter. Comcast makes up about 1.1% of DekaBank Deutsche Girozentrale’s portfolio, making the stock its 14th biggest holding. DekaBank Deutsche Girozentrale’s holdings in Comcast were worth $228,465,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in CMCSA. Norges Bank acquired a new position in shares of Comcast in the 4th quarter worth approximately $1,590,157,000. Nordea Investment Management AB grew its stake in shares of Comcast by 67.5% in the 1st quarter. Nordea Investment Management AB now owns 17,274,883 shares of the cable giant’s stock worth $690,651,000 after purchasing an additional 6,960,677 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Comcast by 10.4% in the 4th quarter. Geode Capital Management LLC now owns 63,699,503 shares of the cable giant’s stock worth $2,165,450,000 after purchasing an additional 5,992,911 shares during the last quarter. FMR LLC grew its stake in shares of Comcast by 3.9% in the 4th quarter. FMR LLC now owns 128,168,481 shares of the cable giant’s stock worth $4,364,136,000 after purchasing an additional 4,854,006 shares during the last quarter. Finally, Boston Partners increased its position in shares of Comcast by 7.8% in the first quarter. Boston Partners now owns 34,296,383 shares of the cable giant’s stock worth $1,371,169,000 after acquiring an additional 2,472,741 shares in the last quarter. 82.66% of the stock is currently owned by institutional investors.

In other Comcast news, SVP Daniel C. Murdock sold 1,701 shares of the business’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $41.46, for a total value of $70,523.46. Following the sale, the senior vice president now owns 4,712 shares of the company’s stock, valued at approximately $195,359.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.35% of the company’s stock.

Shares of Comcast stock opened at $43.46 on Wednesday. The company has a market cap of $194.84 billion, a price-to-earnings ratio of 17.04, a PEG ratio of 1.18 and a beta of 1.08. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.69 and a quick ratio of 0.69. The firm has a fifty day simple moving average of $43.39. Comcast Co. has a 52-week low of $32.61 and a 52-week high of $45.29.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, July 25th. The cable giant reported $0.78 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.03. The firm had revenue of $26.86 billion for the quarter, compared to analyst estimates of $27.08 billion. Comcast had a net margin of 11.64% and a return on equity of 17.50%. The business’s revenue for the quarter was up 23.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.65 EPS. As a group, sell-side analysts forecast that Comcast Co. will post 3.07 EPS for the current year.

Several research analysts have recently weighed in on CMCSA shares. Raymond James downgraded shares of Comcast from a “strong-buy” rating to an “outperform” rating and dropped their target price for the stock from $25.00 to $21.00 in a research report on Friday, June 14th. Rosenblatt Securities began coverage on shares of Comcast in a research report on Friday, June 14th. They issued a “buy” rating and a $50.00 target price on the stock. TD Securities raised their price target on shares of Comcast from $50.00 to $57.00 and gave the stock a “buy” rating in a report on Monday, April 29th. Morgan Stanley raised their price target on shares of Comcast from $48.00 to $51.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Finally, ValuEngine cut shares of Comcast from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seventeen have issued a buy rating to the stock. Comcast has an average rating of “Buy” and a consensus price target of $45.44.

Comcast 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, and security and automation services to residential and business customers under the Xfinity name; and advertising services.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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