Caisse Des Depots ET Consignations Cuts Position in Comcast Corporation $CMCSA

Caisse Des Depots ET Consignations lessened its stake in Comcast Corporation (NASDAQ:CMCSA – Free Report) by 86.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,428 shares of the cable giant’s stock after selling 153,517 shares during the quarter. Caisse Des Depots ET Consignations’ holdings in Comcast were worth $700,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Comcast by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 369,311,219 shares of the cable giant’s stock valued at $11,038,712,000 after acquiring an additional 2,160,829 shares during the period. Principal Financial Group Inc. raised its stake in shares of Comcast by 9.7% during the 3rd quarter. Principal Financial Group Inc. now owns 7,536,937 shares of the cable giant’s stock worth $236,810,000 after purchasing an additional 665,635 shares in the last quarter. Ashton Thomas Private Wealth LLC lifted its stake in Comcast by 75.3% in the third quarter. Ashton Thomas Private Wealth LLC now owns 340,764 shares of the cable giant’s stock valued at $10,707,000 after acquiring an additional 146,339 shares during the last quarter. Rothschild & Co Wealth Management UK Ltd lifted its stake in Comcast by 1.0% in the third quarter. Rothschild & Co Wealth Management UK Ltd now owns 11,327,445 shares of the cable giant’s stock valued at $355,908,000 after acquiring an additional 113,461 shares during the last quarter. Finally, Candriam S.C.A. lifted its stake in Comcast by 3.5% in the third quarter. Candriam S.C.A. now owns 952,154 shares of the cable giant’s stock valued at $29,917,000 after acquiring an additional 32,262 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Insider Activity at Comcast

In other news, CEO Michael J. Cavanagh sold 57,947 shares of Comcast stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $32.66, for a total value of $1,892,549.02. Following the transaction, the chief executive officer owned 622,336 shares of the company’s stock, valued at $20,325,493.76. This trade represents a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.32% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on CMCSA shares. The Goldman Sachs Group reiterated a “neutral” rating and issued a $29.00 target price on shares of Comcast in a research note on Thursday, April 23rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Comcast in a research note on Wednesday, April 8th. BNP Paribas Exane reduced their target price on shares of Comcast from $26.00 to $25.00 and set an “underperform” rating for the company in a research note on Wednesday, April 8th. Zacks Research upgraded shares of Comcast from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. Finally, Citigroup lifted their target price on shares of Comcast from $33.00 to $35.50 and gave the company a “buy” rating in a research note on Friday, April 24th. Eight analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Comcast presently has an average rating of “Hold” and a consensus target price of $34.94.

Check Out Our Latest Stock Report on CMCSA

Comcast Trading Up 0.5%

NASDAQ:CMCSA opened at $27.17 on Friday. Comcast Corporation has a 12 month low of $25.75 and a 12 month high of $36.66. The firm has a market cap of $97.04 billion, a price-to-earnings ratio of 5.35, a P/E/G ratio of 2.17 and a beta of 0.71. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.01. The company’s 50 day moving average is $29.39 and its 200-day moving average is $29.00.

Comcast (NASDAQ:CMCSA – Get Free Report) last released its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.06. Comcast had a net margin of 15.00% and a return on equity of 15.47%. The company had revenue of $31.46 billion for the quarter, compared to analyst estimates of $30.42 billion. During the same quarter last year, the firm posted $1.09 earnings per share. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. Equities analysts anticipate that Comcast Corporation will post 3.58 EPS for the current year.

Comcast Company Profile

(Free Report)

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.

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