Commerzbank Aktiengesellschaft FI Acquires 48,339 Shares of Comcast Co. (NASDAQ:CMCSA)

Commerzbank Aktiengesellschaft FI increased its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 3.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,399,972 shares of the cable giant’s stock after buying an additional 48,339 shares during the period. Comcast accounts for approximately 1.6% of Commerzbank Aktiengesellschaft FI’s holdings, making the stock its 19th biggest holding. Commerzbank Aktiengesellschaft FI’s holdings in Comcast were worth $58,477,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Ontario Teachers Pension Plan Board lifted its position in Comcast by 25,881.7% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 10,850,995 shares of the cable giant’s stock valued at $470,391,000 after purchasing an additional 10,809,231 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Comcast by 41.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 28,016,389 shares of the cable giant’s stock valued at $1,214,512,000 after buying an additional 8,243,302 shares during the period. Capital World Investors raised its position in shares of Comcast by 7.4% during the 1st quarter. Capital World Investors now owns 115,703,280 shares of the cable giant’s stock valued at $5,015,737,000 after acquiring an additional 7,929,963 shares during the last quarter. Canada Pension Plan Investment Board lifted its stake in shares of Comcast by 80.9% in the 1st quarter. Canada Pension Plan Investment Board now owns 10,542,253 shares of the cable giant’s stock valued at $457,007,000 after purchasing an additional 4,714,586 shares during the period. Finally, AQR Capital Management LLC boosted its position in shares of Comcast by 92.1% in the 2nd quarter. AQR Capital Management LLC now owns 8,722,620 shares of the cable giant’s stock worth $339,223,000 after purchasing an additional 4,182,525 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

CMCSA stock opened at $41.49 on Wednesday. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.11. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.66 and a quick ratio of 0.66. The stock has a market cap of $162.79 billion, a price-to-earnings ratio of 10.99, a P/E/G ratio of 1.10 and a beta of 1.01. The company has a 50 day simple moving average of $40.39 and a 200 day simple moving average of $39.44.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Tuesday, July 23rd. The cable giant reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. The company had revenue of $29.69 billion during the quarter, compared to analysts’ expectations of $30.02 billion. Comcast had a return on equity of 20.17% and a net margin of 12.46%. Comcast’s revenue was down 2.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.13 EPS. Research analysts anticipate that Comcast Co. will post 4.23 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on CMCSA shares. StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 24th. Macquarie restated a “neutral” rating and set a $40.00 target price on shares of Comcast in a report on Wednesday, July 24th. The Goldman Sachs Group assumed coverage on shares of Comcast in a research note on Tuesday, June 25th. They issued a “buy” rating and a $44.00 price target on the stock. Evercore ISI cut their price target on shares of Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 2nd. Finally, Scotiabank raised their price objective on Comcast from $47.25 to $47.75 and gave the company a “sector perform” rating in a report on Friday, October 18th. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $45.58.

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.