BI Asset Management Fondsmaeglerselskab A S Reduces Stock Position in Comcast Corporation $CMCSA

BI Asset Management Fondsmaeglerselskab A S trimmed its position in Comcast Corporation (NASDAQ:CMCSA) by 31.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 482,729 shares of the cable giant’s stock after selling 223,662 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Comcast were worth $14,429,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Comcast by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 369,311,219 shares of the cable giant’s stock worth $11,038,712,000 after buying an additional 2,160,829 shares during the period. Rothschild & Co Wealth Management UK Ltd lifted its holdings in shares of Comcast by 1.0% in 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 buying an additional 113,461 shares during the period. Candriam S.C.A. lifted its holdings in shares of Comcast by 3.5% in the 3rd quarter. Candriam S.C.A. now owns 952,154 shares of the cable giant’s stock worth $29,917,000 after buying an additional 32,262 shares during the period. North Dakota State Investment Board purchased a new stake in shares of Comcast in the 4th quarter worth $3,754,000. Finally, Varma Mutual Pension Insurance Co lifted its holdings 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 worth $19,282,000 after buying an additional 49,800 shares during the period. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Trading Up 2.1%

Comcast stock opened at $23.82 on Friday. The stock has a 50-day moving average of $26.77 and a two-hundred day moving average of $28.42. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.87 and a current ratio of 0.87. Comcast Corporation has a one year low of $23.13 and a one year high of $36.66. The stock has a market cap of $85.09 billion, a PE ratio of 4.69, a price-to-earnings-growth ratio of 1.94 and a beta of 0.67.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 EPS for the quarter, beating 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 company had revenue of $31.46 billion during the quarter, compared to analysts’ expectations of $30.42 billion. During the same period last year, the business posted $1.09 earnings per share. The firm’s revenue was up 5.3% compared to the same quarter last year. On average, research analysts anticipate that Comcast Corporation will post 3.53 EPS for the current fiscal year.

Comcast Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Morgan Stanley upped their target price on Comcast from $31.00 to $33.00 and gave the stock an “equal weight” rating in a report on Friday, April 24th. Rosenblatt Securities lowered their target price on Comcast from $30.00 to $24.00 and set a “neutral” rating for the company in a report on Friday. The Goldman Sachs Group reiterated a “neutral” rating and issued a $29.00 target price on shares of Comcast in a report on Thursday, April 23rd. Zacks Research upgraded Comcast from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 31st. Finally, Evercore boosted their price target on Comcast from $35.00 to $36.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Nine research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $34.56.

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.