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

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its holdings in Comcast Co. (NASDAQ:CMCSA) by 5.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor 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.

Several other hedge funds have also recently made changes to their positions in CMCSA. FMR LLC grew its position in Comcast by 5.4% during the third 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 period. Charles Schwab Investment Management Inc. boosted its stake in shares of Comcast by 1.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,871,235 shares of the cable giant’s stock worth $1,331,192,000 after acquiring an additional 416,759 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Comcast by 6.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 30,364,136 shares of the cable giant’s stock valued at $1,268,310,000 after acquiring an additional 1,717,762 shares during the period. Ontario Teachers Pension Plan Board grew its position in shares of Comcast by 5.4% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 15,983,230 shares of the cable giant’s stock valued at $667,620,000 after acquiring an additional 822,936 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC increased its stake in shares of Comcast by 4.8% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 14,918,501 shares of the cable giant’s stock worth $623,146,000 after purchasing an additional 676,920 shares in the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Trading Up 1.0 %

Shares of CMCSA opened at $37.47 on Friday. Comcast Co. has a twelve month low of $36.15 and a twelve month high of $47.11. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. The company’s fifty day simple moving average is $39.54 and its 200-day simple moving average is $40.16. The company has a market cap of $143.38 billion, a P/E ratio of 10.07, a P/E/G ratio of 1.35 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The company had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. During the same period in the prior year, the company posted $1.08 EPS. 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 year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Evercore ISI raised Comcast to a “strong-buy” rating in a research report on Thursday, November 21st. Macquarie reiterated a “neutral” rating and issued a $42.00 price target on shares of Comcast in a research report on Monday, January 6th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Seaport Res Ptn upgraded Comcast from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. Finally, KeyCorp raised their price target on Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.33.

Insider Buying and Selling

In related news, CEO Brian L. Roberts sold 234,464 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total value of $10,002,234.24. Following the transaction, the chief executive officer now owns 6,669,928 shares of the company’s stock, valued at $284,539,128.48. This trade represents a 3.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Michael J. Cavanagh sold 25,537 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the completion of the sale, the president now directly owns 534,849 shares of the company’s stock, valued at approximately $22,779,218.91. This trade represents 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 corporate insiders.

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.