Nordea Investment Management AB reduced its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 5.1% in the 4th quarter, Holdings Channel reports. The firm owned 10,314,206 shares of the cable giant’s stock after selling 559,412 shares during the quarter. Nordea Investment Management AB’s holdings in Comcast were worth $351,203,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of CMCSA. Cypress Capital Group grew its stake in shares of Comcast by 9.9% during the 4th quarter. Cypress Capital Group now owns 15,237 shares of the cable giant’s stock valued at $519,000 after buying an additional 1,377 shares during the period. Executive Wealth Management LLC purchased a new stake in shares of Comcast during the 4th quarter valued at $85,000. Psagot Investment House Ltd. grew its stake in shares of Comcast by 1.6% during the 4th quarter. Psagot Investment House Ltd. now owns 492,566 shares of the cable giant’s stock valued at $16,772,000 after buying an additional 7,854 shares during the period. B. Riley Wealth Management Inc. boosted its position in Comcast by 9.4% during the 4th quarter. B. Riley Wealth Management Inc. now owns 10,493 shares of the cable giant’s stock worth $357,000 after purchasing an additional 900 shares during the period. Finally, EP Wealth Advisors LLC boosted its position in Comcast by 0.5% during the 4th quarter. EP Wealth Advisors LLC now owns 77,318 shares of the cable giant’s stock worth $2,633,000 after purchasing an additional 422 shares during the period. Hedge funds and other institutional investors own 81.15% of the company’s stock.
A number of analysts recently weighed in on CMCSA shares. BidaskClub raised shares of Comcast from a “sell” rating to a “hold” rating in a research report on Monday, February 25th. Credit Suisse Group reaffirmed a “buy” rating and set a $44.00 price target on shares of Comcast in a research report on Tuesday, January 22nd. Royal Bank of Canada cut shares of Comcast from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from $45.00 to $42.00 in a research report on Friday, March 29th. Macquarie raised shares of Comcast from a “neutral” rating to an “outperform” rating and set a $49.00 price target for the company in a research report on Tuesday, April 9th. Finally, ValuEngine raised shares of Comcast from a “sell” rating to a “hold” rating in a research report on Friday, February 8th. Eight research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $44.45.
Shares of CMCSA stock opened at $41.97 on Wednesday. Comcast Co. has a 12 month low of $30.43 and a 12 month high of $42.18. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.48. The firm has a market capitalization of $194.05 billion, a price-to-earnings ratio of 16.46, a PEG ratio of 1.17 and a beta of 1.10.
Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Wednesday, January 23rd. The cable giant reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. Comcast had a net margin of 12.41% and a return on equity of 16.49%. The firm had revenue of $27.85 billion for the quarter, compared to analyst estimates of $27.56 billion. During the same quarter in the previous year, the business posted $0.49 EPS. The firm’s revenue was up 26.1% compared to the same quarter last year. Sell-side analysts forecast that Comcast Co. will post 2.84 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 3rd will be issued a $0.21 dividend. The ex-dividend date is Tuesday, April 2nd. This represents a $0.84 dividend on an annualized basis and a yield of 2.00%. This is a positive change from Comcast’s previous quarterly dividend of $0.19. Comcast’s payout ratio is currently 32.94%.
In other Comcast news, CAO Daniel C. Murdock sold 919 shares of the business’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $40.36, for a total value of $37,090.84. Following the transaction, the chief accounting officer now owns 3,453 shares in the company, valued at approximately $139,363.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Arthur R. Block sold 1,967 shares of the business’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $40.23, for a total transaction of $79,132.41. Following the completion of the transaction, the executive vice president now owns 62,088 shares in the company, valued at approximately $2,497,800.24. The disclosure for this sale can be found here. Insiders sold a total of 1,284,720 shares of company stock worth $49,080,076 in the last quarter. 1.31% of the stock is currently owned by company insiders.
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Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.
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