Comcast Corporation $CMCSA Shares Acquired by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. boosted its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 4.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,667,252 shares of the cable giant’s stock after purchasing an additional 68,223 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Comcast were worth $59,504,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in Comcast by 150.9% during the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock worth $6,240,000 after acquiring an additional 99,986 shares during the period. Spire Wealth Management grew its holdings in Comcast by 9.7% during the first quarter. Spire Wealth Management now owns 33,417 shares of the cable giant’s stock worth $1,233,000 after acquiring an additional 2,966 shares during the period. Golden State Wealth Management LLC grew its holdings in Comcast by 385.3% during the first quarter. Golden State Wealth Management LLC now owns 18,540 shares of the cable giant’s stock worth $684,000 after acquiring an additional 14,720 shares during the period. Omnia Family Wealth LLC grew its holdings in Comcast by 23.1% during the first quarter. Omnia Family Wealth LLC now owns 12,265 shares of the cable giant’s stock worth $453,000 after acquiring an additional 2,301 shares during the period. Finally, Phillips Wealth Planners LLC grew its holdings in Comcast by 19.9% during the first quarter. Phillips Wealth Planners LLC now owns 20,106 shares of the cable giant’s stock worth $678,000 after acquiring an additional 3,331 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Down 0.3%

Shares of Comcast stock opened at $29.30 on Friday. The firm has a market cap of $108.18 billion, a price-to-earnings ratio of 4.84, a P/E/G ratio of 1.74 and a beta of 0.94. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.91. Comcast Corporation has a 52-week low of $29.15 and a 52-week high of $45.31. The stock has a 50-day simple moving average of $32.01 and a 200-day simple moving average of $33.55.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) for the quarter. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The business had revenue of $30.34 billion during the quarter. On average, equities research analysts expect that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Barclays lowered their target price on Comcast from $35.00 to $34.00 and set an “equal weight” rating on the stock in a report on Friday, August 1st. Bank of America dropped their price target on Comcast from $38.00 to $36.00 and set a “neutral” rating on the stock in a research note on Monday, September 29th. Deutsche Bank Aktiengesellschaft dropped their price target on Comcast from $46.00 to $44.00 and set a “buy” rating on the stock in a research note on Monday, October 6th. The Goldman Sachs Group dropped their price target on Comcast from $40.00 to $39.00 and set a “buy” rating on the stock in a research note on Wednesday, September 24th. Finally, UBS Group set a $43.00 price target on Comcast in a research note on Friday, October 3rd. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $39.76.

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.