Livforsakringsbolaget Skandia Omsesidigt Trims Stock Position in Comcast Corporation $CMCSA

Livforsakringsbolaget Skandia Omsesidigt lessened its stake in Comcast Corporation (NASDAQ:CMCSA) by 82.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 23,663 shares of the cable giant’s stock after selling 114,255 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Comcast were worth $707,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Harvest Fund Management Co. Ltd grew its stake in Comcast by 20.2% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 271,674 shares of the cable giant’s stock worth $8,120,000 after buying an additional 45,649 shares in the last quarter. Prudential PLC grew its stake in Comcast by 22.7% in the 4th quarter. Prudential PLC now owns 202,864 shares of the cable giant’s stock worth $6,064,000 after buying an additional 37,530 shares in the last quarter. Deseret Mutual Benefit Administrators grew its stake in Comcast by 12.3% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 20,085 shares of the cable giant’s stock worth $600,000 after buying an additional 2,194 shares in the last quarter. Avise Financial Cooperative Inc. purchased a new position in Comcast in the 4th quarter worth approximately $201,000. Finally, Vise Technologies Inc. grew its stake in Comcast by 48.7% in the 4th quarter. Vise Technologies Inc. now owns 116,749 shares of the cable giant’s stock worth $3,490,000 after buying an additional 38,228 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CMCSA. BNP Paribas Exane lowered their price objective on shares of Comcast from $26.00 to $25.00 and set an “underperform” rating for the company in a report on Wednesday, April 8th. Scotiabank boosted their price objective on shares of Comcast from $34.00 to $36.00 and gave the stock a “sector perform” rating in a report on Friday, April 24th. Royal Bank Of Canada boosted their price objective on shares of Comcast from $31.00 to $32.00 and gave the stock a “sector perform” rating in a report on Friday, April 24th. Morgan Stanley boosted their price objective on shares of Comcast from $31.00 to $33.00 and gave the stock an “equal weight” rating in a report on Friday, April 24th. Finally, Rosenblatt Securities lowered their price objective on shares of Comcast from $30.00 to $24.00 and set a “neutral” rating for the company in a report on Friday. Nine research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Comcast presently has an average rating of “Hold” and an average target price of $34.56.

Comcast Stock Up 2.1%

Shares of NASDAQ CMCSA opened at $23.82 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.01. Comcast Corporation has a 12 month low of $23.13 and a 12 month high of $36.66. The firm has a market capitalization of $85.09 billion, a PE ratio of 4.69, a price-to-earnings-growth ratio of 1.90 and a beta of 0.67. The firm has a fifty day simple moving average of $26.77 and a two-hundred day simple moving average of $28.42.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 EPS for the quarter, topping the consensus estimate of $0.73 by $0.06. The business had revenue of $31.46 billion during the quarter, compared to analyst estimates of $30.42 billion. Comcast had a net margin of 15.00% and a return on equity of 15.47%. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.09 EPS. Equities analysts expect that Comcast Corporation will post 3.53 earnings per share for the current year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 1st will be given a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.5%. Comcast’s dividend payout ratio is currently 25.98%.

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.