Comcast Corporation $CMCSA Shares Bought by Ruffer LLP

Ruffer LLP grew its stake in Comcast Corporation (NASDAQ:CMCSA) by 85.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 139,073 shares of the cable giant’s stock after purchasing an additional 64,198 shares during the quarter. Ruffer LLP’s holdings in Comcast were worth $4,370,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. QRG Capital Management Inc. increased its holdings in Comcast by 13.0% in the 2nd quarter. QRG Capital Management Inc. now owns 724,760 shares of the cable giant’s stock valued at $25,867,000 after purchasing an additional 83,631 shares during the last quarter. Osaic Holdings Inc. raised its holdings in shares of Comcast by 39.9% in the 2nd quarter. Osaic Holdings Inc. now owns 1,055,192 shares of the cable giant’s stock valued at $37,954,000 after buying an additional 300,898 shares during the period. Vanguard Group Inc. boosted its holdings in Comcast by 0.3% during the 2nd quarter. Vanguard Group Inc. now owns 369,438,921 shares of the cable giant’s stock valued at $13,185,275,000 after acquiring an additional 1,257,196 shares during the period. Commerzbank Aktiengesellschaft FI grew its position in Comcast by 47.7% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 532,315 shares of the cable giant’s stock valued at $18,998,000 after acquiring an additional 171,929 shares in the last quarter. Finally, Aberdeen Group plc lifted its position in shares of Comcast by 5.4% during the second quarter. Aberdeen Group plc now owns 2,889,947 shares of the cable giant’s stock worth $103,142,000 after purchasing an additional 147,231 shares in the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on CMCSA shares. Zacks Research raised shares of Comcast from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 9th. Citigroup cut their price objective on Comcast from $39.00 to $35.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Pivotal Research lowered their target price on Comcast from $40.00 to $36.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Daiwa Capital Markets cut their price target on Comcast from $38.00 to $30.00 and set an “outperform” rating on the stock in a report on Tuesday, November 18th. Finally, Williams Trading set a $40.00 price objective on Comcast in a research report on Friday, October 31st. Eleven research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $35.47.

Comcast Stock Down 1.0%

CMCSA stock opened at $28.41 on Thursday. The stock has a market cap of $103.52 billion, a P/E ratio of 4.73, a PEG ratio of 2.02 and a beta of 0.81. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. Comcast Corporation has a twelve month low of $25.75 and a twelve month high of $37.97. The company’s 50 day moving average is $28.31 and its two-hundred day moving average is $30.40.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, January 29th. The cable giant reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.09. Comcast had a net margin of 18.33% and a return on equity of 18.06%. Research analysts expect that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Profile

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.