Tokio Marine Asset Management Co. Ltd. Buys 2,604 Shares of Comcast Co. (NASDAQ:CMCSA)

Tokio Marine Asset Management Co. Ltd. raised its stake in Comcast Co. (NASDAQ:CMCSA) by 3.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 88,782 shares of the cable giant’s stock after buying an additional 2,604 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Comcast were worth $3,893,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in CMCSA. Everett Harris & Co. CA lifted its stake in shares of Comcast by 7.7% in the 4th quarter. Everett Harris & Co. CA now owns 1,687,406 shares of the cable giant’s stock valued at $73,993,000 after purchasing an additional 121,279 shares during the period. Desjardins Global Asset Management Inc. lifted its stake in shares of Comcast by 1.5% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 101,182 shares of the cable giant’s stock valued at $4,438,000 after purchasing an additional 1,486 shares during the period. Altus Wealth Group LLC lifted its stake in shares of Comcast by 8.3% in the 4th quarter. Altus Wealth Group LLC now owns 18,761 shares of the cable giant’s stock valued at $823,000 after purchasing an additional 1,432 shares during the period. PFG Advisors lifted its stake in shares of Comcast by 28.8% in the 4th quarter. PFG Advisors now owns 23,073 shares of the cable giant’s stock valued at $1,012,000 after purchasing an additional 5,159 shares during the period. Finally, Hudson Bay Capital Management LP acquired a new position in shares of Comcast in the 3rd quarter valued at about $8,868,000. Institutional investors own 84.32% of the company’s stock.

Insider Buying and Selling

In other Comcast news, President Michael J. Cavanagh sold 114,749 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $46.10, for a total transaction of $5,289,928.90. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.18% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Oppenheimer reaffirmed an “outperform” rating and set a $55.00 price target on shares of Comcast in a research note on Wednesday, April 3rd. Redburn Atlantic downgraded Comcast from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $50.00 to $44.00 in a research note on Thursday, February 15th. Evercore ISI reaffirmed an “outperform” rating and set a $50.00 price target on shares of Comcast in a research note on Tuesday, March 26th. Deutsche Bank Aktiengesellschaft dropped their price target on Comcast from $55.00 to $53.00 in a research note on Friday, April 5th. Finally, Citigroup increased their price objective on Comcast from $51.00 to $53.00 and gave the stock a “buy” rating in a research note on Tuesday, January 30th. Ten equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.74.

Comcast Stock Performance

Shares of Comcast stock traded down $0.15 during trading hours on Wednesday, reaching $40.21. The company had a trading volume of 19,571,827 shares, compared to its average volume of 20,632,486. Comcast Co. has a one year low of $36.38 and a one year high of $47.46. The business has a fifty day simple moving average of $41.72 and a 200 day simple moving average of $42.64. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.60 and a quick ratio of 0.60. The firm has a market cap of $159.71 billion, a PE ratio of 10.81, a price-to-earnings-growth ratio of 0.99 and a beta of 0.98.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, January 25th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.04. Comcast had a return on equity of 19.75% and a net margin of 12.66%. The company had revenue of $31.25 billion for the quarter, compared to the consensus estimate of $30.41 billion. On average, analysts anticipate that Comcast Co. will post 4.23 earnings per share for the current fiscal year.

Comcast Company 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.