Handelsbanken Fonder AB increased its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 4.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 600,400 shares of the cable giant’s stock after acquiring an additional 27,400 shares during the period. Handelsbanken Fonder AB’s holdings in Comcast were worth $23,103,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of CMCSA. Janus Henderson Group PLC lifted its stake in Comcast by 1,581.1% during the 2nd quarter. Janus Henderson Group PLC now owns 28,199,798 shares of the cable giant’s stock worth $1,097,544,000 after acquiring an additional 26,522,368 shares in the last quarter. Egerton Capital UK LLP increased its holdings in Comcast by 87.3% during the 1st quarter. Egerton Capital UK LLP now owns 21,463,447 shares of the cable giant’s stock worth $806,811,000 after purchasing an additional 10,003,433 shares during the period. Vanguard Group Inc. increased its holdings in Comcast by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 316,845,966 shares of the cable giant’s stock worth $12,331,646,000 after purchasing an additional 8,677,771 shares during the period. UBS Asset Management Americas Inc. increased its holdings in Comcast by 38.4% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 18,417,341 shares of the cable giant’s stock worth $716,803,000 after purchasing an additional 5,108,525 shares during the period. Finally, Nordea Investment Management AB increased its holdings in Comcast by 73.4% during the 1st quarter. Nordea Investment Management AB now owns 10,755,894 shares of the cable giant’s stock worth $404,314,000 after purchasing an additional 4,554,403 shares during the period. 82.13% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Chairman Brian L. Roberts sold 583,835 shares of the company’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $38.67, for a total value of $22,576,899.45. Following the completion of the sale, the chairman now directly owns 1,711,798 shares of the company’s stock, valued at approximately $66,195,228.66. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Arthur R. Block sold 3,937 shares of the stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $40.62, for a total value of $159,920.94. Following the sale, the executive vice president now directly owns 65,946 shares of the company’s stock, valued at $2,678,726.52. The disclosure for this sale can be found here. Over the last three months, insiders sold 593,402 shares of company stock valued at $22,961,401. Insiders own 1.28% of the company’s stock.
Comcast Corporation (NASDAQ:CMCSA) traded down $0.16 on Friday, hitting $42.44. The stock had a trading volume of 18,812,240 shares, compared to its average volume of 24,620,000. The stock has a market cap of $198,350.00, a P/E ratio of 20.02, a P/E/G ratio of 1.88 and a beta of 1.00. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.06. Comcast Corporation has a fifty-two week low of $34.78 and a fifty-two week high of $42.71.
Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The firm had revenue of $20.98 billion during the quarter, compared to analysts’ expectations of $21.05 billion. Comcast had a return on equity of 17.17% and a net margin of 11.99%. The business’s revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.92 EPS. analysts forecast that Comcast Corporation will post 2.05 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Wednesday, January 3rd will be given a $0.157 dividend. The ex-dividend date of this dividend is Tuesday, January 2nd. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.48%. Comcast’s dividend payout ratio (DPR) is presently 29.72%.
CMCSA has been the topic of several recent research reports. Pivotal Research upped their price target on Comcast from $48.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Barclays cut their price target on Comcast from $44.00 to $41.00 and set an “overweight” rating on the stock in a report on Friday, October 27th. KeyCorp restated a “neutral” rating on shares of Comcast in a report on Sunday, September 17th. Robert W. Baird restated a “buy” rating and set a $43.00 price target on shares of Comcast in a report on Friday, November 17th. Finally, Wells Fargo & Co restated a “buy” rating and set a $49.00 price target on shares of Comcast in a report on Monday, October 23rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-seven have given a buy rating to the company. Comcast has an average rating of “Buy” and a consensus price target of $46.15.
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Comcast Company Profile
Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.
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