OMERS ADMINISTRATION Corp Buys 21,462 Shares of Comcast Co. (NASDAQ:CMCSA)

OMERS ADMINISTRATION Corp boosted its stake in Comcast Co. (NASDAQ:CMCSA) by 13.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 180,112 shares of the cable giant’s stock after purchasing an additional 21,462 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Comcast were worth $6,760,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Capital World Investors raised its holdings in Comcast by 8.6% in the fourth quarter. Capital World Investors now owns 141,680,277 shares of the cable giant’s stock worth $5,317,167,000 after purchasing an additional 11,255,683 shares in the last quarter. Norges Bank bought a new position in shares of Comcast in the 4th quarter worth about $3,835,226,000. Geode Capital Management LLC increased its stake in shares of Comcast by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 85,812,139 shares of the cable giant’s stock worth $3,212,244,000 after acquiring an additional 1,006,272 shares in the last quarter. Dodge & Cox increased its stake in shares of Comcast by 6.8% in the 4th quarter. Dodge & Cox now owns 79,102,667 shares of the cable giant’s stock worth $2,968,723,000 after acquiring an additional 5,039,823 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of Comcast by 12.0% in the 4th quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant’s stock worth $1,890,027,000 after acquiring an additional 5,402,377 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Trading Up 0.2%

NASDAQ:CMCSA opened at $34.79 on Wednesday. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. Comcast Co. has a 12 month low of $31.44 and a 12 month high of $45.31. The company has a market cap of $129.90 billion, a PE ratio of 8.38, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97. The company has a 50 day simple moving average of $34.96 and a two-hundred day simple moving average of $37.44.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, topping the consensus estimate of $1.01 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The company had revenue of $29.89 billion during the quarter, compared to analyst estimates of $29.82 billion. During the same quarter in the previous year, the company posted $1.04 earnings per share. Comcast’s revenue was down .6% compared to the same quarter last year. Research analysts forecast that Comcast Co. will post 4.33 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Wells Fargo & Company lowered shares of Comcast from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $37.00 to $31.00 in a report on Monday, April 14th. KeyCorp reduced their price objective on Comcast from $47.00 to $45.00 and set an “overweight” rating for the company in a research report on Monday, April 14th. Bank of America downgraded Comcast from a “buy” rating to a “neutral” rating and reduced their price target for the company from $50.00 to $38.00 in a report on Friday, January 31st. BNP Paribas downgraded Comcast from a “neutral” rating to an “underperform” rating and set a $31.00 price target for the company. in a report on Thursday, April 10th. Finally, StockNews.com upgraded shares of 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 given a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $42.10.

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.