Andra AP fonden Raises Holdings in Comcast Corporation $CMCSA

Andra AP fonden increased its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 4.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 506,321 shares of the cable giant’s stock after acquiring an additional 20,200 shares during the quarter. Andra AP fonden’s holdings in Comcast were worth $18,071,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CMCSA. Foster Group Inc. grew its position in Comcast by 4.0% in the second quarter. Foster Group Inc. now owns 7,418 shares of the cable giant’s stock worth $265,000 after acquiring an additional 282 shares during the period. Argyle Capital Management LLC lifted its stake in shares of Comcast by 0.5% in the 2nd quarter. Argyle Capital Management LLC now owns 61,186 shares of the cable giant’s stock valued at $2,184,000 after purchasing an additional 300 shares during the last quarter. Clearstead Trust LLC grew its holdings in shares of Comcast by 5.2% during the 1st quarter. Clearstead Trust LLC now owns 6,142 shares of the cable giant’s stock worth $227,000 after purchasing an additional 305 shares during the period. Webster Bank N. A. increased its position in shares of Comcast by 2.9% during the 2nd quarter. Webster Bank N. A. now owns 10,809 shares of the cable giant’s stock worth $386,000 after purchasing an additional 305 shares during the last quarter. Finally, United Asset Strategies Inc. raised its holdings in Comcast by 2.2% in the 1st quarter. United Asset Strategies Inc. now owns 14,075 shares of the cable giant’s stock valued at $519,000 after buying an additional 308 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on CMCSA. Cowen reaffirmed a “buy” rating on shares of Comcast in a research report on Friday, October 31st. Seaport Res Ptn cut Comcast from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 31st. Moffett Nathanson lifted their price objective on Comcast from $56.00 to $58.00 and gave the company a “buy” rating in a research note on Friday, September 12th. KeyCorp lowered Comcast from an “overweight” rating to a “sector weight” rating in a research note on Thursday, October 30th. Finally, Morgan Stanley dropped their target price on Comcast from $35.00 to $32.00 and set an “equal weight” rating for the company in a research report on Friday, October 31st. Ten equities research analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Comcast currently has a consensus rating of “Hold” and an average target price of $36.29.

Comcast Stock Performance

NASDAQ CMCSA opened at $27.31 on Friday. The company has a fifty day moving average of $30.89 and a two-hundred day moving average of $33.14. The company has a market capitalization of $100.83 billion, a PE ratio of 4.54, a P/E/G ratio of 1.81 and a beta of 0.92. Comcast Corporation has a 1 year low of $25.75 and a 1 year high of $45.00. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) for the quarter. The company had revenue of $30.34 billion for the quarter. Comcast had a net margin of 18.33% and a return on equity of 18.06%. As a group, analysts expect that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 14th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date is Wednesday, January 14th. Comcast’s dividend payout ratio (DPR) is currently 21.96%.

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.