Danske Bank A S Buys New Stake in Comcast Corporation $CMCSA

Danske Bank A S bought a new position in shares of Comcast Corporation (NASDAQ:CMCSA) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 2,114,880 shares of the cable giant’s stock, valued at approximately $66,450,000. Danske Bank A S owned about 0.06% of Comcast at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CMCSA. Capital A Wealth Management LLC increased its stake in shares of Comcast by 173.7% in 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 during the period. Imprint Wealth LLC bought a new stake in Comcast during the 3rd quarter valued at approximately $26,000. United Financial Planning Group LLC acquired a new stake in Comcast in the 3rd quarter valued at approximately $28,000. Howard Hughes Medical Institute acquired a new stake in Comcast in the 2nd quarter valued at approximately $29,000. Finally, Newbridge Financial Services Group Inc. bought a new position in Comcast in the 2nd quarter worth approximately $31,000. 84.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on CMCSA shares. Rosenblatt Securities reiterated a “neutral” rating and set a $30.00 price target on shares of Comcast in a report on Friday, January 30th. BNP Paribas Exane lowered shares of Comcast from a “neutral” rating to an “underperform” rating and set a $27.00 target price on the stock. in a research report on Tuesday, February 24th. Royal Bank Of Canada cut their target price on shares of Comcast from $32.00 to $31.00 and set a “sector perform” rating for the company in a research note on Friday, January 16th. Bank of America raised shares of Comcast from a “neutral” rating to a “buy” rating and increased their price target for the company from $31.00 to $37.00 in a report on Monday, January 12th. Finally, TD Cowen decreased their price target on shares of Comcast from $40.00 to $39.00 and set a “buy” rating on the stock in a research report on Friday, January 30th. Ten analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, Comcast presently has a consensus rating of “Hold” and an average price target of $34.87.

Insider Transactions at Comcast

In other Comcast news, CEO Michael J. Cavanagh sold 57,947 shares of the stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $32.66, for a total value of $1,892,549.02. Following the transaction, the chief executive officer directly owned 622,336 shares in the company, valued at approximately $20,325,493.76. This trade represents a 8.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.32% of the company’s stock.

Comcast Trading Down 5.0%

Shares of CMCSA opened at $28.57 on Thursday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88. The company has a market cap of $102.79 billion, a price-to-earnings ratio of 5.32, a PEG ratio of 2.35 and a beta of 0.79. The stock has a fifty day moving average price of $30.24 and a two-hundred day moving average price of $29.77. Comcast Corporation has a 52-week low of $25.75 and a 52-week high of $37.72.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, January 29th. The cable giant reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.09. The company had revenue of $32.31 billion during the quarter, compared to analyst estimates of $32.35 billion. Comcast had a return on equity of 16.86% and a net margin of 16.17%.The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period last year, the company posted $0.96 earnings per share. Analysts predict that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 1st will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Wednesday, April 1st. Comcast’s dividend payout ratio is 24.58%.

About Comcast

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.