Kornitzer Capital Management Inc. KS Buys 7,650 Shares of Comcast Co. (NASDAQ:CMCSA)

Kornitzer Capital Management Inc. KS boosted its stake in Comcast Co. (NASDAQ:CMCSA) by 1.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 433,479 shares of the cable giant’s stock after purchasing an additional 7,650 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Comcast were worth $19,008,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in CMCSA. Morgan Stanley grew its position in shares of Comcast by 15.2% during the 4th quarter. Morgan Stanley now owns 53,653,778 shares of the cable giant’s stock valued at $1,876,273,000 after acquiring an additional 7,084,451 shares during the period. Norges Bank bought a new stake in shares of Comcast during the 4th quarter valued at $1,798,173,000. Northern Trust Corp grew its position in shares of Comcast by 0.3% during the 3rd quarter. Northern Trust Corp now owns 46,019,891 shares of the cable giant’s stock valued at $2,040,522,000 after acquiring an additional 141,874 shares during the period. Bank of New York Mellon Corp grew its position in shares of Comcast by 0.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 42,448,741 shares of the cable giant’s stock valued at $1,245,022,000 after acquiring an additional 189,845 shares during the period. Finally, Clearbridge Investments LLC grew its position in shares of Comcast by 1.1% during the 1st quarter. Clearbridge Investments LLC now owns 42,441,142 shares of the cable giant’s stock valued at $1,987,094,000 after acquiring an additional 473,150 shares during the period. Institutional investors own 84.32% of the company’s stock.

Insider Transactions at Comcast

In other news, President Michael J. Cavanagh sold 114,749 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $46.10, for a total value of $5,289,928.90. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.18% of the company’s stock.

Comcast Stock Up 1.6 %

Shares of CMCSA stock opened at $40.24 on Friday. The stock has a market cap of $159.83 billion, a P/E ratio of 10.82, a PEG ratio of 0.98 and a beta of 0.98. Comcast Co. has a 52 week low of $36.38 and a 52 week 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 company’s fifty day simple moving average is $41.82 and its two-hundred day simple moving average is $42.71.

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

Analysts Set New Price Targets

CMCSA has been the subject of a number of recent research reports. Oppenheimer reissued an “outperform” rating and set a $55.00 price objective on shares of Comcast in a research report on Wednesday, April 3rd. Citigroup boosted their price objective on shares of Comcast from $51.00 to $53.00 and gave the company a “buy” rating in a research report on Tuesday, January 30th. StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 22nd. Wells Fargo & Company lowered their target price on shares of Comcast from $50.00 to $47.00 and set an “equal weight” rating on the stock in a research note on Friday, April 5th. Finally, Redburn Atlantic cut shares of Comcast from a “buy” rating to a “neutral” rating and lowered their target price for the company from $50.00 to $44.00 in a research note on Thursday, February 15th. Ten research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, Comcast currently has a consensus rating of “Moderate Buy” and an average price target of $49.74.

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.