DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Acquires 1,607,816 Shares of Comcast Co. (NASDAQ:CMCSA)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in Comcast Co. (NASDAQ:CMCSA) by 151.0% in the 4th quarter, Holdings Channel reports. The firm owned 2,672,573 shares of the cable giant’s stock after buying an additional 1,607,816 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s holdings in Comcast were worth $100,302,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in CMCSA. Norges Bank acquired a new stake in shares of Comcast in the fourth quarter worth $3,835,226,000. Raymond James Financial Inc. bought a new stake in shares of Comcast in the fourth quarter valued at about $743,681,000. Amundi increased its stake in Comcast by 147.9% during the fourth quarter. Amundi now owns 24,086,671 shares of the cable giant’s stock valued at $895,499,000 after acquiring an additional 14,369,056 shares during the period. Capital World Investors lifted its position in shares of Comcast by 8.6% in the 4th quarter. Capital World Investors now owns 141,680,277 shares of the cable giant’s stock worth $5,317,167,000 after acquiring an additional 11,255,683 shares during the period. Finally, Ameriprise Financial Inc. increased its position in shares of 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 purchasing an additional 5,402,377 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Trading Down 0.3 %

Shares of Comcast stock opened at $34.39 on Thursday. The business has a fifty day simple moving average of $35.07 and a two-hundred day simple moving average of $37.66. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. The company has a market capitalization of $128.40 billion, a price-to-earnings ratio of 8.29, a P/E/G 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.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $29.82 billion. During the same quarter last year, the firm earned $1.04 earnings per share. The company’s revenue was down .6% on a year-over-year basis. Research analysts forecast that Comcast Co. will post 4.33 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on CMCSA shares. Barclays dropped their price objective on shares of Comcast from $37.00 to $35.00 and set an “equal weight” rating for the company in a research note on Monday, April 28th. UBS Group set a $44.50 price objective on Comcast in a research note on Friday, April 25th. Bank of America cut shares of Comcast from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $50.00 to $38.00 in a research report on Friday, January 31st. Sanford C. Bernstein set a $38.00 price target on shares of Comcast in a research report on Friday, January 31st. Finally, Morgan Stanley set a $37.00 price target on shares of Comcast in a research note on Friday, April 25th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, Comcast has a consensus rating of “Moderate Buy” and an average price target of $42.10.

Comcast 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.