First Eagle Investment Management LLC Boosts Stake in Comcast Corporation $CMCSA

First Eagle Investment Management LLC lifted its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 0.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,171,945 shares of the cable giant’s stock after acquiring an additional 245,271 shares during the quarter. Comcast accounts for approximately 1.9% of First Eagle Investment Management LLC’s investment portfolio, making the stock its 17th biggest holding. First Eagle Investment Management LLC’s holdings in Comcast were worth $1,081,179,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of CMCSA. Capital Research Global Investors boosted its stake in shares of Comcast by 46.1% during the 3rd quarter. Capital Research Global Investors now owns 33,706,330 shares of the cable giant’s stock worth $1,059,053,000 after acquiring an additional 10,633,206 shares in the last quarter. State Street Corp boosted its stake in shares of Comcast by 4.6% during the 3rd quarter. State Street Corp now owns 180,687,135 shares of the cable giant’s stock worth $5,677,190,000 after acquiring an additional 7,917,335 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of Comcast by 2,970.5% during the 4th quarter. SG Americas Securities LLC now owns 7,394,728 shares of the cable giant’s stock worth $221,028,000 after acquiring an additional 7,153,895 shares in the last quarter. Two Sigma Investments LP boosted its stake in shares of Comcast by 1,356.2% during the 3rd quarter. Two Sigma Investments LP now owns 6,556,098 shares of the cable giant’s stock worth $205,993,000 after acquiring an additional 6,105,867 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC boosted its stake in shares of Comcast by 554.9% during the 2nd quarter. Worldquant Millennium Advisors LLC now owns 5,005,158 shares of the cable giant’s stock worth $178,634,000 after acquiring an additional 4,240,876 shares in the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Trading Down 1.5%

Shares of Comcast stock opened at $25.03 on Tuesday. The firm has a market capitalization of $89.41 billion, a PE ratio of 4.93, a P/E/G ratio of 2.04 and a beta of 0.71. Comcast Corporation has a twelve month low of $24.87 and a twelve month high of $36.66. The firm’s 50-day moving average price is $28.86 and its 200 day moving average price is $28.86. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.01.

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

Insiders Place Their Bets

In related news, CEO Michael J. Cavanagh sold 57,947 shares of the firm’s stock in a transaction dated 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 directly owned 622,336 shares of the company’s stock, valued at approximately $20,325,493.76. This trade represents a 8.52% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

CMCSA has been the topic of several recent analyst reports. Bank of America raised shares of Comcast from a “neutral” rating to a “buy” rating and increased their target price for the stock from $31.00 to $37.00 in a research note on Monday, January 12th. Scotiabank increased their target price on shares of Comcast from $34.00 to $36.00 and gave the stock a “sector perform” rating in a research note on Friday, April 24th. Wall Street Zen raised shares of Comcast to a “hold” rating in a research note on Saturday, March 14th. Royal Bank Of Canada increased their target price on shares of Comcast from $31.00 to $32.00 and gave the stock a “sector perform” rating in a research note on Friday, April 24th. Finally, Zacks Research raised shares of Comcast from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. Eight investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $34.94.

About Comcast

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.