Andra AP fonden Boosts Holdings in Comcast Corporation $CMCSA

Andra AP fonden increased its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 34.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 678,421 shares of the cable giant’s stock after acquiring an additional 172,100 shares during the quarter. Andra AP fonden’s holdings in Comcast were worth $21,316,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Capital A Wealth Management LLC increased its position in shares of Comcast by 173.7% during the second quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant’s stock worth $25,000 after purchasing an additional 436 shares in the last quarter. Avalon Trust Co boosted its position in shares of Comcast by 433.3% in the 2nd quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock valued at $27,000 after purchasing an additional 624 shares during the period. Howard Hughes Medical Institute purchased a new position in Comcast during the 2nd quarter worth approximately $29,000. Newbridge Financial Services Group Inc. acquired a new position in Comcast during the second quarter worth approximately $31,000. Finally, Corsicana & Co. purchased a new stake in Comcast in the third quarter valued at approximately $32,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on CMCSA shares. Sanford C. Bernstein cut their target price on shares of Comcast from $34.00 to $32.00 and set a “market perform” rating on the stock in a report on Thursday, January 15th. Weiss Ratings restated a “hold (c-)” rating on shares of Comcast in a research note on Friday, January 9th. Williams Trading set a $40.00 target price on shares of Comcast in a report on Friday, October 31st. Pivotal Research cut Comcast from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 30th. Finally, Evercore decreased their price objective on Comcast from $40.00 to $35.00 and set an “outperform” rating for the company in a research report on Friday, October 31st. Ten analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, Comcast has an average rating of “Hold” and a consensus target price of $34.87.

Insiders Place Their Bets

In other Comcast news, CEO Michael J. Cavanagh sold 57,947 shares of Comcast stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $32.66, for a total transaction of $1,892,549.02. Following the completion of the transaction, the chief executive officer owned 622,336 shares in the company, valued at approximately $20,325,493.76. The trade was a 8.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.32% of the company’s stock.

Comcast Stock Performance

NASDAQ CMCSA opened at $30.96 on Friday. The business has a 50 day moving average price of $29.86 and a 200 day moving average price of $30.04. The company has a market capitalization of $111.39 billion, a P/E ratio of 5.77, a PEG ratio of 2.41 and a beta of 0.81. Comcast Corporation has a 1-year low of $25.75 and a 1-year high of $37.97. 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 posted its earnings results on Thursday, January 29th. The cable giant reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.09. Comcast had a return on equity of 16.86% and a net margin of 16.17%.The company had revenue of $32.31 billion for the quarter, compared to the consensus estimate of $32.35 billion. During the same period in the previous year, the business earned $0.96 earnings per share. Comcast’s quarterly revenue was up 1.2% compared to the same quarter last year. Sell-side analysts expect that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors of record on Wednesday, April 1st will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Wednesday, April 1st. Comcast’s dividend payout ratio is presently 24.58%.

Comcast Company Profile

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.