Comcast Co. (NASDAQ:CMCSA) Stock Position Boosted by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. boosted its stake in Comcast Co. (NASDAQ:CMCSA) by 3.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 88,782 shares of the cable giant’s stock after acquiring an additional 2,604 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Comcast were worth $3,893,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Everett Harris & Co. CA grew its position in Comcast by 7.7% in the 4th quarter. Everett Harris & Co. CA now owns 1,687,406 shares of the cable giant’s stock valued at $73,993,000 after buying an additional 121,279 shares in the last quarter. Desjardins Global Asset Management Inc. lifted its holdings in Comcast by 1.5% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 101,182 shares of the cable giant’s stock valued at $4,438,000 after acquiring an additional 1,486 shares during the last quarter. Altus Wealth Group LLC lifted its holdings in Comcast by 8.3% in the 4th quarter. Altus Wealth Group LLC now owns 18,761 shares of the cable giant’s stock valued at $823,000 after acquiring an additional 1,432 shares during the last quarter. PFG Advisors lifted its holdings in Comcast by 28.8% in the 4th quarter. PFG Advisors now owns 23,073 shares of the cable giant’s stock valued at $1,012,000 after acquiring an additional 5,159 shares during the last quarter. Finally, Hudson Bay Capital Management LP acquired a new stake in Comcast in the 3rd quarter valued at about $8,868,000. Institutional investors own 84.32% of the company’s stock.

Insider Buying and Selling at Comcast

In other Comcast news, President Michael J. Cavanagh sold 114,749 shares of the stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $46.10, for a total transaction of $5,289,928.90. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.18% of the company’s stock.

Comcast Stock Performance

CMCSA stock traded down $0.15 during midday trading on Wednesday, hitting $40.21. 19,571,827 shares of the company traded hands, compared to its average volume of 20,632,486. Comcast Co. has a twelve month low of $36.38 and a twelve month high of $47.46. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.14. The business has a 50 day simple moving average of $41.72 and a 200-day simple moving average of $42.64. The stock has a market capitalization of $159.71 billion, a price-to-earnings ratio of 10.81, a price-to-earnings-growth ratio of 0.99 and a beta of 0.98.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, January 25th. The cable giant reported $0.84 EPS for the quarter, beating the consensus estimate of $0.80 by $0.04. Comcast had a return on equity of 19.75% and a net margin of 12.66%. The company had revenue of $31.25 billion for the quarter, compared to the consensus estimate of $30.41 billion. As a group, equities research analysts predict that Comcast Co. will post 4.23 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have commented on the stock. StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. Evercore ISI reaffirmed an “outperform” rating and set a $50.00 price objective on shares of Comcast in a research note on Tuesday, March 26th. Oppenheimer reaffirmed an “outperform” rating and set a $55.00 price objective on shares of Comcast in a research note on Wednesday, April 3rd. Benchmark reaffirmed a “buy” rating and set a $55.00 price objective on shares of Comcast in a research note on Wednesday, April 10th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Comcast from $55.00 to $53.00 in a report on Friday, April 5th. Ten equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $49.74.

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.