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

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

A number of other hedge funds have also recently added to or reduced their stakes in CMCSA. Cranbrook Wealth Management LLC boosted its stake in Comcast by 86.0% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock worth $27,000 after buying an additional 350 shares during the last quarter. Global Trust Asset Management LLC boosted its stake in Comcast by 906.8% in the 2nd quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock worth $27,000 after buying an additional 671 shares during the last quarter. Abound Financial LLC acquired a new stake in Comcast in the 1st quarter worth about $29,000. Ransom Advisory Ltd acquired a new stake in Comcast in the 1st quarter worth about $29,000. Finally, Princeton Global Asset Management LLC boosted its stake in Comcast by 403.5% in the 2nd quarter. Princeton Global Asset Management LLC now owns 856 shares of the cable giant’s stock worth $31,000 after buying an additional 686 shares during the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Stock Performance

Shares of NASDAQ:CMCSA opened at $29.30 on Friday. The company has a market cap of $108.18 billion, a P/E ratio of 4.84, a PEG ratio of 1.74 and a beta of 0.94. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.91 and a current ratio of 0.91. Comcast Corporation has a one year low of $29.15 and a one year high of $45.31. The business’s 50-day simple moving average is $32.01 and its 200 day simple moving average is $33.55.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data 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 company had revenue of $30.34 billion for the quarter. On average, sell-side analysts forecast that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CMCSA shares. KeyCorp reduced their price objective on Comcast from $45.00 to $43.00 and set an “overweight” rating on the stock in a research note on Friday, October 3rd. UBS Group set a $43.00 price objective on Comcast in a research note on Friday, October 3rd. Loop Capital reduced their price objective on Comcast from $44.00 to $43.00 and set a “buy” rating on the stock in a research note on Wednesday, October 1st. Moffett Nathanson lifted their price objective on Comcast from $56.00 to $58.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Finally, Bank of America reduced their price objective on Comcast from $38.00 to $36.00 and set a “neutral” rating on the stock in a research note on Monday, September 29th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Comcast has an average rating of “Hold” and an average target price of $39.76.

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.