MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Buys 6,010 Shares of Comcast Co. (NASDAQ:CMCSA)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its stake in Comcast Co. (NASDAQ:CMCSA) by 5.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 116,427 shares of the cable giant’s stock after acquiring an additional 6,010 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Comcast were worth $4,353,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. World Investment Advisors LLC raised its stake in Comcast by 904.0% in the 3rd quarter. World Investment Advisors LLC now owns 254,545 shares of the cable giant’s stock valued at $10,632,000 after acquiring an additional 229,192 shares during the period. Tidal Investments LLC raised its position in shares of Comcast by 15.2% in the third quarter. Tidal Investments LLC now owns 171,440 shares of the cable giant’s stock valued at $7,161,000 after purchasing an additional 22,684 shares during the period. Parnassus Investments LLC lifted its stake in shares of Comcast by 3.7% during the 3rd quarter. Parnassus Investments LLC now owns 1,920,800 shares of the cable giant’s stock valued at $80,232,000 after buying an additional 68,139 shares in the last quarter. Douglas Lane & Associates LLC boosted its holdings in Comcast by 0.7% in the 3rd quarter. Douglas Lane & Associates LLC now owns 2,210,469 shares of the cable giant’s stock worth $92,331,000 after buying an additional 15,807 shares during the period. Finally, Kestra Investment Management LLC purchased a new position in Comcast in the 3rd quarter valued at approximately $2,541,000. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Comcast

In other news, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total value of $1,087,620.83. Following the sale, the president now directly owns 534,849 shares in the company, valued at approximately $22,779,218.91. This trade represents a 4.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brian L. Roberts sold 234,464 shares of Comcast stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total transaction of $10,002,234.24. Following the completion of the sale, the chief executive officer now owns 6,669,928 shares in the company, valued at approximately $284,539,128.48. This trade represents a 3.40 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.26% of the company’s stock.

Comcast Stock Up 1.0 %

Shares of NASDAQ CMCSA opened at $37.47 on Friday. The stock has a market capitalization of $143.38 billion, a P/E ratio of 10.07, a PEG ratio of 1.35 and a beta of 1.01. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. Comcast Co. has a one year low of $36.15 and a one year high of $47.11. The firm’s 50 day simple moving average is $39.54 and its two-hundred day simple moving average is $40.16.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The business had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. During the same period in the previous year, the firm posted $1.08 earnings per share. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, analysts expect that Comcast Co. will post 4.25 EPS for the current fiscal year.

Analyst Ratings Changes

CMCSA has been the subject of a number of analyst reports. Benchmark reaffirmed a “buy” rating and issued a $60.00 price target on shares of Comcast in a report on Tuesday, November 19th. StockNews.com raised Comcast from a “buy” rating to a “strong-buy” rating in a report on Friday, January 17th. Evercore ISI raised shares of Comcast to a “strong-buy” rating in a report on Thursday, November 21st. TD Cowen reduced their price objective on shares of Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Finally, Scotiabank upgraded shares of Comcast from a “sector perform” rating to a “sector outperform” rating and increased their target price for the stock from $47.75 to $48.00 in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $47.33.

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.