Swedbank AB Increases Stake in Comcast Corporation $CMCSA

Swedbank AB increased its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 5.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,490,605 shares of the cable giant’s stock after purchasing an additional 136,033 shares during the period. Swedbank AB’s holdings in Comcast were worth $74,444,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CMCSA. Imprint Wealth LLC purchased a new position in shares of Comcast during the third quarter valued at $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of Comcast during the fourth quarter valued at $27,000. United Financial Planning Group LLC purchased a new position in shares of Comcast during the third quarter valued at $28,000. Olistico Wealth LLC purchased a new position in shares of Comcast during the fourth quarter valued at $29,000. Finally, Richardson Financial Services Inc. increased its stake in shares of Comcast by 212.6% during the fourth quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant’s stock valued at $30,000 after buying an additional 691 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

CMCSA has been the topic of several research reports. BNP Paribas Exane cut their price target on Comcast from $26.00 to $25.00 and set an “underperform” rating on the stock in a research note on Wednesday, April 8th. TD Cowen cut their target price on Comcast from $40.00 to $39.00 and set a “buy” rating on the stock in a research note on Friday, January 30th. KeyCorp reiterated a “sector weight” rating on shares of Comcast in a research note on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft lowered Comcast from a “buy” rating to a “hold” rating and set a $34.00 target price on the stock. in a research note on Friday, April 24th. Finally, UBS Group cut their target price on Comcast from $36.00 to $32.00 and set a “neutral” rating on the stock in a research note on Friday, January 30th. Nine research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Comcast has a consensus rating of “Hold” and an average price target of $34.79.

Comcast Price Performance

CMCSA opened at $25.20 on Friday. Comcast Corporation has a 1 year low of $24.53 and a 1 year high of $36.66. The firm has a market capitalization of $90.02 billion, a PE ratio of 4.96, a price-to-earnings-growth ratio of 2.03 and a beta of 0.71. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.87 and a quick ratio of 0.87. The business’s 50-day moving average is $27.73 and its two-hundred day moving average is $28.62.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.06. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The business had revenue of $31.46 billion for the quarter, compared to analyst estimates of $30.42 billion. During the same quarter in the previous year, the firm earned $1.09 earnings per share. The company’s revenue was up 5.3% on a year-over-year basis. Research analysts anticipate that Comcast Corporation will post 3.58 earnings per share for the current fiscal year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 1st will be paid a dividend of $0.33 per share. The ex-dividend date is Wednesday, July 1st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.2%. Comcast’s payout ratio is presently 25.98%.

Comcast 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.