Robeco Institutional Asset Management B.V. Grows Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Robeco Institutional Asset Management B.V. raised its position in Comcast Co. (NASDAQ:CMCSA - Free Report) by 21.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,196,524 shares of the cable giant's stock after purchasing an additional 207,566 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Comcast were worth $44,906,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. World Investment Advisors LLC boosted its holdings in shares of Comcast by 904.0% in the third quarter. World Investment Advisors LLC now owns 254,545 shares of the cable giant's stock valued at $10,632,000 after purchasing an additional 229,192 shares during the period. Tidal Investments LLC boosted its holdings in shares of Comcast by 15.2% in the third quarter. Tidal Investments LLC now owns 171,440 shares of the cable giant's stock valued at $7,161,000 after purchasing an additional 22,684 shares during the period. Parnassus Investments LLC boosted its holdings in shares of Comcast by 3.7% in the third quarter. Parnassus Investments LLC now owns 1,920,800 shares of the cable giant's stock valued at $80,232,000 after purchasing an additional 68,139 shares during the period. Douglas Lane & Associates LLC boosted its holdings in shares of Comcast by 0.7% in the third quarter. Douglas Lane & Associates LLC now owns 2,210,469 shares of the cable giant's stock valued at $92,331,000 after purchasing an additional 15,807 shares during the period. Finally, Kestra Investment Management LLC purchased a new stake in shares of Comcast in the third quarter valued at approximately $2,541,000. Institutional investors own 84.32% of the company's stock.

Comcast Price Performance

CMCSA stock traded down $4.67 during mid-day trading on Thursday, reaching $32.69. The company's stock had a trading volume of 23,930,366 shares, compared to its average volume of 22,301,484. The stock has a market cap of $125.10 billion, a PE ratio of 8.80, a P/E/G ratio of 1.35 and a beta of 1.01. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. Comcast Co. has a fifty-two week low of $32.60 and a fifty-two week high of $47.11. The company's 50 day moving average is $39.01 and its two-hundred day moving average is $40.15.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, topping analysts' consensus estimates of $0.88 by $0.08. Comcast had a net margin of 11.92% and a return on equity of 19.81%. Equities research analysts expect that Comcast Co. will post 4.25 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on CMCSA shares. Evercore ISI raised shares of Comcast to a "strong-buy" rating in a research note on Thursday, November 21st. Pivotal Research boosted their price objective on shares of Comcast from $47.00 to $54.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Loop Capital reduced their price objective on shares of Comcast from $54.00 to $53.00 and set a "buy" rating for the company in a research note on Thursday, January 2nd. Scotiabank raised Comcast from a "sector perform" rating to a "sector outperform" rating and upped their price target for the stock from $47.75 to $48.00 in a research report on Friday, November 1st. Finally, Barclays upped their price target on Comcast from $40.00 to $42.00 and gave the stock an "equal weight" rating in a research report on Monday, November 4th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $47.33.

Insider Buying and Selling at Comcast

In other news, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction on 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. The trade was a 4.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brian L. Roberts sold 234,464 shares of Comcast stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total transaction of $10,002,234.24. Following the sale, the chief executive officer now directly owns 6,669,928 shares of the company's stock, valued at approximately $284,539,128.48. This trade represents a 3.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is currently 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.