Comcast Corporation $CMCSA Shares Sold by Forsta AP Fonden

Forsta AP Fonden reduced its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 24.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 777,928 shares of the cable giant’s stock after selling 256,100 shares during the period. Forsta AP Fonden’s holdings in Comcast were worth $23,252,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Comcast by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 369,311,219 shares of the cable giant’s stock valued at $11,038,712,000 after acquiring an additional 2,160,829 shares during the period. Principal Financial Group Inc. grew its position in shares of Comcast by 9.7% during the 3rd quarter. Principal Financial Group Inc. now owns 7,536,937 shares of the cable giant’s stock valued at $236,810,000 after acquiring an additional 665,635 shares during the period. Ashton Thomas Private Wealth LLC grew its position in shares of Comcast by 75.3% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 340,764 shares of the cable giant’s stock valued at $10,707,000 after acquiring an additional 146,339 shares during the period. Rothschild & Co Wealth Management UK Ltd grew its position in shares of 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 valued at $355,908,000 after acquiring an additional 113,461 shares during the period. Finally, Candriam S.C.A. grew its position in shares of Comcast by 3.5% during the 3rd quarter. Candriam S.C.A. now owns 952,154 shares of the cable giant’s stock valued at $29,917,000 after acquiring an additional 32,262 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CMCSA. KeyCorp restated a “sector weight” rating on shares of Comcast in a research report on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft cut Comcast from a “buy” rating to a “hold” rating and set a $34.00 target price on the stock. in a research report on Friday, April 24th. Evercore raised their target price on Comcast from $35.00 to $36.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Zacks Research upgraded Comcast from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 31st. Finally, Scotiabank raised their target price on Comcast from $34.00 to $36.00 and gave the company a “sector perform” rating in a research report on Friday, April 24th. Nine analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $34.79.

Comcast Trading Down 1.2%

Shares of Comcast stock opened at $24.87 on Friday. The firm has a market capitalization of $88.84 billion, a PE ratio of 4.90, a P/E/G ratio of 2.00 and a beta of 0.71. Comcast Corporation has a twelve month low of $24.53 and a twelve month high of $36.66. The firm’s 50-day moving average price is $27.26 and its 200 day moving average price is $28.54. 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 (NASDAQ:CMCSA) last issued 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 firm had revenue of $31.46 billion for 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%. Comcast’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period last year, the company posted $1.09 EPS. On average, sell-side analysts predict that Comcast Corporation will post 3.58 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 1st will be paid 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 yield of 5.3%. Comcast’s dividend payout ratio (DPR) is currently 25.98%.

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.