PensionDanmark Pensionsforsikringsaktieselskab Grows Position in Comcast Corporation $CMCSA

PensionDanmark Pensionsforsikringsaktieselskab grew its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 7.7% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 875,247 shares of the cable giant’s stock after purchasing an additional 62,671 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Comcast were worth $21,487,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Lowe Brockenbrough & Co. Inc. lifted its holdings in shares of Comcast by 4.9% during the 4th quarter. Lowe Brockenbrough & Co. Inc. now owns 7,532 shares of the cable giant’s stock valued at $225,000 after acquiring an additional 352 shares in the last quarter. Cora Capital Advisors LLC boosted its position in shares of Comcast by 3.4% in the fourth quarter. Cora Capital Advisors LLC now owns 11,013 shares of the cable giant’s stock worth $329,000 after buying an additional 362 shares during the period. Oakworth Capital Inc. grew its stake in shares of Comcast by 7.4% in the fourth quarter. Oakworth Capital Inc. now owns 5,479 shares of the cable giant’s stock valued at $164,000 after buying an additional 377 shares in the last quarter. WPG Advisers LLC grew its stake in shares of Comcast by 15.9% in the fourth quarter. WPG Advisers LLC now owns 2,801 shares of the cable giant’s stock valued at $84,000 after buying an additional 384 shares in the last quarter. Finally, Addison Advisors LLC raised its holdings in shares of Comcast by 55.7% during the 4th quarter. Addison Advisors LLC now owns 1,074 shares of the cable giant’s stock valued at $32,000 after buying an additional 384 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Price Performance

Shares of NASDAQ CMCSA opened at $25.17 on Friday. The company has a market capitalization of $89.32 billion, a price-to-earnings ratio of 8.15, a price-to-earnings-growth ratio of 1.41 and a beta of 0.67. The business has a 50 day simple moving average of $23.68 and a 200-day simple moving average of $27.01. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.94. Comcast Corporation has a twelve month low of $21.28 and a twelve month high of $34.45.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, July 23rd. The cable giant reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. Comcast had a net margin of 8.97% and a return on equity of 14.77%. The company had revenue of $29.94 billion for the quarter, compared to analysts’ expectations of $29.24 billion. During the same period in the prior year, the company earned $1.25 earnings per share. The firm’s revenue was down 1.2% compared to the same quarter last year. As a group, equities research analysts expect that Comcast Corporation will post 3.52 earnings per share for the current year.

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Wednesday, October 7th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, October 7th. This represents a $1.32 annualized dividend and a dividend yield of 5.2%. Comcast’s dividend payout ratio is 42.72%.

Wall Street Analysts Forecast Growth

CMCSA has been the subject of a number of analyst reports. Sanford C. Bernstein restated a “market perform” rating and issued a $28.00 price target on shares of Comcast in a report on Monday, July 13th. Evercore boosted their target price on shares of Comcast from $35.00 to $36.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. BNP Paribas Exane lowered their target price on Comcast from $25.00 to $22.00 and set an “underperform” rating for the company in a research note on Tuesday, July 14th. Wells Fargo & Company set a $23.00 target price on Comcast and gave the stock an “underweight” rating in a research report on Friday, July 24th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Comcast in a research note on Thursday, April 23rd. Eleven investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Comcast presently has an average rating of “Hold” and a consensus target price of $32.96.

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.