Gotham Asset Management LLC Buys 76,361 Shares of Comcast Co. (NASDAQ:CMCSA)

Gotham Asset Management LLC grew its stake in Comcast Co. (NASDAQ:CMCSA) by 17.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 523,914 shares of the cable giant’s stock after purchasing an additional 76,361 shares during the quarter. Gotham Asset Management LLC’s holdings in Comcast were worth $19,662,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Capital World Investors boosted its position in Comcast by 8.6% during the 4th quarter. Capital World Investors now owns 141,680,277 shares of the cable giant’s stock valued at $5,317,167,000 after acquiring an additional 11,255,683 shares in the last quarter. Norges Bank bought a new stake in shares of Comcast during the fourth quarter valued at approximately $3,835,226,000. Geode Capital Management LLC grew its stake in Comcast by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 85,812,139 shares of the cable giant’s stock worth $3,212,244,000 after purchasing an additional 1,006,272 shares during the period. Dodge & Cox raised its holdings in Comcast by 6.8% in the fourth quarter. Dodge & Cox now owns 79,102,667 shares of the cable giant’s stock worth $2,968,723,000 after purchasing an additional 5,039,823 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in Comcast by 12.0% during the fourth quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant’s stock valued at $1,890,027,000 after buying an additional 5,402,377 shares during the period. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Stock Performance

Shares of NASDAQ CMCSA opened at $34.25 on Friday. The stock has a market cap of $127.88 billion, a PE ratio of 8.25, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97. Comcast Co. has a 1 year low of $31.44 and a 1 year high of $45.31. The firm has a fifty day moving average price of $35.01 and a 200-day moving average price of $37.56. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.08. The business had revenue of $29.89 billion for the quarter, compared to analysts’ expectations of $29.82 billion. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The business’s quarterly revenue was down .6% on a year-over-year basis. During the same period last year, the firm earned $1.04 earnings per share. Equities analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Benchmark decreased their price target on shares of Comcast from $57.00 to $55.00 and set a “buy” rating for the company in a research note on Friday, January 31st. KeyCorp lowered their target price on shares of Comcast from $47.00 to $45.00 and set an “overweight” rating for the company in a report on Monday, April 14th. Citigroup cut their price target on Comcast from $44.00 to $39.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. UBS Group set a $44.50 price objective on Comcast in a research report on Friday, April 25th. Finally, StockNews.com raised Comcast from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $42.10.

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.