Andra AP fonden Has $18.69 Million Stock Holdings in Comcast Corporation $CMCSA

Andra AP fonden decreased its holdings in Comcast Corporation (NASDAQ:CMCSA) by 7.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 625,393 shares of the cable giant’s stock after selling 53,028 shares during the quarter. Andra AP fonden’s holdings in Comcast were worth $18,693,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Comcast by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 369,311,219 shares of the cable giant’s stock worth $11,038,712,000 after acquiring an additional 2,160,829 shares during the last quarter. Rothschild & Co Wealth Management UK Ltd grew its holdings in Comcast by 1.0% during the 3rd quarter. Rothschild & Co Wealth Management UK Ltd now owns 11,327,445 shares of the cable giant’s stock worth $355,908,000 after acquiring an additional 113,461 shares during the last quarter. North Dakota State Investment Board bought a new position in shares of Comcast in the 4th quarter valued at about $3,754,000. Varma Mutual Pension Insurance Co boosted its stake in shares of Comcast by 8.8% in the 3rd quarter. Varma Mutual Pension Insurance Co now owns 613,694 shares of the cable giant’s stock valued at $19,282,000 after purchasing an additional 49,800 shares during the last quarter. Finally, Vest Financial LLC boosted its stake in shares of Comcast by 72.1% in the 4th quarter. Vest Financial LLC now owns 232,883 shares of the cable giant’s stock valued at $6,961,000 after purchasing an additional 97,601 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on CMCSA shares. Rosenblatt Securities reduced their target price on shares of Comcast from $30.00 to $24.00 and set a “neutral” rating on the stock in a research note on Friday, June 5th. Evercore raised their target price on shares of Comcast from $35.00 to $36.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Deutsche Bank Aktiengesellschaft lowered shares of 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. KeyCorp reaffirmed a “sector weight” rating on shares of Comcast in a research note on Thursday, April 23rd. Finally, BNP Paribas Exane reduced their target price on shares of Comcast from $26.00 to $25.00 and set an “underperform” rating on the stock in a research note on Wednesday, April 8th. Nine analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $34.56.

Comcast Stock Performance

Shares of NASDAQ:CMCSA opened at $23.97 on Friday. The company has a market capitalization of $85.63 billion, a price-to-earnings ratio of 4.72, a P/E/G ratio of 1.95 and a beta of 0.67. The firm’s 50 day simple moving average is $26.39 and its 200 day simple moving average is $28.34. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.87 and a quick ratio of 0.87. Comcast Corporation has a fifty-two week low of $23.13 and a fifty-two week high of $36.66.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.06. The business had revenue of $31.46 billion for the quarter, compared to the consensus estimate of $30.42 billion. Comcast had a net margin of 15.00% and a return on equity of 15.47%. Comcast’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period last year, the company posted $1.09 EPS. As a group, sell-side analysts forecast that Comcast Corporation will post 3.53 earnings per share for the current year.

Comcast Announces Dividend

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