Comcast Co. (NASDAQ:CMCSA) Shares Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. grew its position in Comcast Co. (NASDAQ:CMCSA) by 21.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,196,524 shares of the cable giant’s stock after acquiring an additional 207,566 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Comcast were worth $44,906,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Wilmington Savings Fund Society FSB grew its stake in shares of Comcast by 55,334.5% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 8,273,052 shares of the cable giant’s stock valued at $345,565,000 after purchasing an additional 8,258,128 shares during the last quarter. FMR LLC grew its position in Comcast by 5.4% in the 3rd quarter. FMR LLC now owns 117,420,328 shares of the cable giant’s stock valued at $4,904,647,000 after buying an additional 6,062,658 shares during the last quarter. Public Sector Pension Investment Board increased its stake in Comcast by 530.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 3,429,298 shares of the cable giant’s stock valued at $143,242,000 after buying an additional 2,885,370 shares during the period. SG Americas Securities LLC increased its stake in Comcast by 211.7% in the 3rd quarter. SG Americas Securities LLC now owns 2,890,571 shares of the cable giant’s stock valued at $120,739,000 after buying an additional 1,963,246 shares during the period. Finally, National Bank of Canada FI lifted its stake in shares of Comcast by 31.7% in the 3rd quarter. National Bank of Canada FI now owns 7,613,977 shares of the cable giant’s stock worth $318,036,000 after acquiring an additional 1,833,453 shares during the period. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Comcast Stock Down 0.5 %

Shares of NASDAQ:CMCSA opened at $37.36 on Thursday. The company has a market capitalization of $142.96 billion, a P/E ratio of 10.04, a P/E/G ratio of 1.35 and a beta of 1.01. The stock’s fifty day simple moving average is $39.12 and its 200-day simple moving average is $40.17. Comcast Co. has a 52-week low of $36.15 and a 52-week high of $47.11. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14.

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

Analysts Set New Price Targets

Several analysts have recently weighed in on CMCSA shares. StockNews.com raised shares of Comcast from a “buy” rating to a “strong-buy” rating in a report on Friday, January 17th. Loop Capital cut their target price on Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, January 2nd. Deutsche Bank Aktiengesellschaft lifted their price target on Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Scotiabank upgraded Comcast from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the stock from $47.75 to $48.00 in a research report on Friday, November 1st. Finally, Pivotal Research boosted their target price on shares of Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $47.33.

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.