PGGM Investments Buys 147,129 Shares of Comcast Co. (NASDAQ:CMCSA)

PGGM Investments raised its stake in Comcast Co. (NASDAQ:CMCSA) by 41.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 503,269 shares of the cable giant’s stock after purchasing an additional 147,129 shares during the quarter. PGGM Investments’ holdings in Comcast were worth $22,068,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. NewSquare Capital LLC boosted its stake in shares of Comcast by 94.1% during the 3rd quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock worth $28,000 after acquiring an additional 302 shares during the period. Leith Wheeler Investment Counsel Ltd. boosted its stake in shares of Comcast by 299.1% during the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock worth $28,000 after acquiring an additional 475,675 shares during the period. Tennessee Valley Asset Management Partners bought a new position in shares of Comcast during the 4th quarter worth approximately $34,000. Lipe & Dalton bought a new position in shares of Comcast during the 4th quarter worth approximately $37,000. Finally, First Personal Financial Services bought a new position in shares of Comcast during the 3rd quarter worth approximately $39,000. 84.32% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Comcast news, President Michael J. Cavanagh sold 114,749 shares of the company’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $46.10, for a total value of $5,289,928.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.18% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Redburn Atlantic downgraded Comcast from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $50.00 to $44.00 in a research note on Thursday, February 15th. Evercore ISI restated an “outperform” rating and issued a $50.00 price target on shares of Comcast in a research note on Tuesday, March 26th. Benchmark restated a “buy” rating and issued a $55.00 price target on shares of Comcast in a research note on Wednesday, April 10th. Deutsche Bank Aktiengesellschaft reduced their price target on Comcast from $55.00 to $53.00 in a research note on Friday, April 5th. Finally, Wells Fargo & Company reduced their price target on Comcast from $47.00 to $43.00 and set an “equal weight” rating for the company in a research note on Friday. Ten investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.45.

Comcast Price Performance

Shares of Comcast stock traded up $0.70 during trading on Friday, reaching $38.57. 29,783,241 shares of the company’s stock were exchanged, compared to its average volume of 21,514,964. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.60 and a current ratio of 0.59. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.46. The company has a market cap of $153.19 billion, a P/E ratio of 10.20, a PEG ratio of 0.92 and a beta of 0.98. The firm’s 50-day moving average price is $41.58 and its 200 day moving average price is $42.57.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.06. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The company had revenue of $30.06 billion during the quarter, compared to analysts’ expectations of $29.83 billion. During the same quarter in the previous year, the firm earned $0.92 EPS. Comcast’s revenue was up 1.2% on a year-over-year basis. As a group, research analysts anticipate that Comcast Co. will post 4.23 earnings per share for the current year.

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.