Danske Bank A S Grows Stock Position in Comcast Corporation $CMCSA

Danske Bank A S raised its holdings in Comcast Corporation (NASDAQ:CMCSA) by 2.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,161,121 shares of the cable giant’s stock after buying an additional 46,241 shares during the quarter. Danske Bank A S’s holdings in Comcast were worth $64,596,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Secured Retirement Advisors LLC increased its holdings in shares of Comcast by 5.9% in the fourth quarter. Secured Retirement Advisors LLC now owns 31,525 shares of the cable giant’s stock valued at $942,000 after purchasing an additional 1,749 shares during the period. Laurel Wealth Advisors LLC acquired a new position in shares of Comcast in the fourth quarter valued at about $37,000. Verity Asset Management Inc. increased its holdings in shares of Comcast by 50.1% in the fourth quarter. Verity Asset Management Inc. now owns 15,037 shares of the cable giant’s stock valued at $449,000 after purchasing an additional 5,017 shares during the period. Canandaigua National Trust Co of Florida acquired a new position in shares of Comcast in the fourth quarter valued at about $784,000. Finally, Bogart Wealth LLC increased its holdings in shares of Comcast by 17.1% in the fourth quarter. Bogart Wealth LLC now owns 5,032 shares of the cable giant’s stock valued at $150,000 after purchasing an additional 735 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CMCSA. Benchmark cut their price objective on Comcast from $46.00 to $44.00 and set a “buy” rating on the stock in a report on Monday, January 5th. Sanford C. Bernstein cut their price objective on Comcast from $34.00 to $32.00 and set a “market perform” rating on the stock in a report on Thursday, January 15th. Pivotal Research lowered Comcast from a “strong-buy” rating to a “hold” rating in a report on Friday, January 30th. Arete Research set a $23.00 target price on Comcast in a report on Tuesday, January 6th. Finally, Royal Bank Of Canada raised their target price on Comcast from $31.00 to $32.00 and gave the stock a “sector perform” rating in a report on Friday, April 24th. Eight analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Comcast has an average rating of “Hold” and a consensus target price of $34.94.

Insiders Place Their Bets

In other Comcast news, CEO Michael J. Cavanagh sold 57,947 shares of the stock in a transaction on 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 transaction, the chief executive officer directly owned 622,336 shares of the company’s stock, valued at $20,325,493.76. This trade represents a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.32% of the company’s stock.

Comcast Stock Up 0.5%

Comcast stock opened at $27.17 on Friday. The firm has a market cap of $97.74 billion, a price-to-earnings ratio of 5.35, a price-to-earnings-growth ratio of 2.17 and a beta of 0.80. Comcast Corporation has a 52 week low of $25.75 and a 52 week high of $36.66. The business’s 50-day moving average price is $29.39 and its 200 day moving average price is $29.00. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.01.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 EPS for the quarter, beating the consensus estimate of $0.73 by $0.06. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The company had revenue of $31.46 billion for the quarter, compared to analyst estimates of $30.42 billion. During the same period last year, the company earned $1.09 earnings per share. Comcast’s quarterly revenue was up 5.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Comcast Corporation will post 3.58 earnings per share for the current year.

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.