5,601,436 Shares in Comcast Corporation $CMCSA Acquired by Nykredit A S

Key Points

• Nykredit A S acquired 5.6 million Comcast shares in the second quarter, valued at approximately $137.5 million and representing about 0.16% of the company. Institutional investors collectively own 84.32% of Comcast.
• Comcast’s latest quarterly results exceeded expectations, with adjusted EPS of $1.04 versus the $0.97 consensus and revenue of $29.94 billion. However, revenue declined 1.2% year over year.
• The company declared a quarterly dividend of $0.33 per share, equivalent to a 5.8% annualized yield. Analysts maintain a consensus “Hold” rating, with an average price target of $32.69, while the stock recently traded near $22.91.

Nykredit A S purchased a new position in Comcast Corporation (NASDAQ:CMCSA - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 5,601,436 shares of the cable giant's stock, valued at approximately $137,515,000. Nykredit A S owned about 0.16% of Comcast as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CMCSA. Allied Private Wealth LLC acquired a new stake in Comcast in the second quarter valued at $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of Comcast during the 4th quarter worth about $27,000. Whipplewood Advisors LLC lifted its stake in Comcast by 75.5% during the first quarter. Whipplewood Advisors LLC now owns 932 shares of the cable giant's stock worth $27,000 after purchasing an additional 401 shares during the last quarter. Main Street Group LTD purchased a new stake in Comcast during the first quarter worth approximately $27,000. Finally, Thompson Investment Management Inc. acquired a new position in Comcast in the second quarter valued at approximately $29,000. Institutional investors and hedge funds own 84.32% of the company's stock.

Comcast Price Performance

CMCSA stock opened at $22.91 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $81.30 billion, a P/E ratio of 7.41, a PEG ratio of 1.70 and a beta of 0.68. The business has a 50 day simple moving average of $25.06 and a 200-day simple moving average of $26.04. Comcast Corporation has a twelve month low of $21.28 and a twelve month high of $32.85.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its earnings results on Thursday, July 23rd. The cable giant reported $1.04 EPS for the quarter, beating analysts' consensus estimates of $0.97 by $0.07. The business had revenue of $29.94 billion for the quarter, compared to analysts' expectations of $29.24 billion. Comcast had a net margin of 8.97% and a return on equity of 14.77%. The company's quarterly revenue was down 1.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.25 EPS. As a group, equities analysts anticipate that Comcast Corporation will post 3.5 EPS for the current year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Wednesday, October 7th will be paid a dividend of $0.33 per share. The ex-dividend date is Wednesday, October 7th. This represents a $1.32 annualized dividend and a dividend yield of 5.8%. Comcast's dividend payout ratio is 42.72%.

Analysts Set New Price Targets

A number of analysts have weighed in on CMCSA shares. Sanford C. Bernstein reissued a "market perform" rating and set a $28.00 price objective on shares of Comcast in a report on Monday, July 13th. The Goldman Sachs Group lowered their target price on shares of Comcast from $29.00 to $26.00 and set a "neutral" rating for the company in a report on Thursday, July 2nd. UBS Group reaffirmed a "neutral" rating and issued a $27.00 target price (down from $32.00) on shares of Comcast in a research report on Tuesday. Weiss Ratings cut shares of Comcast from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Tuesday, July 28th. Finally, BNP Paribas Exane decreased their price objective on shares of Comcast from $25.00 to $22.00 and set an "underperform" rating for the company in a research note on Tuesday, July 14th. Eleven analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $32.69.

Comcast Company Profile

Comcast Corporation NASDAQ: CMCSA is a global media and technology company that provides broadband, wireless, video, voice and related services to residential and business customers. Through its connectivity businesses, Comcast offers internet access, mobile service, pay television, telephone service, and home security and automation products, primarily under the Xfinity brand in the United States.

Comcast also operates a broad portfolio of entertainment and media businesses. NBCUniversal includes the NBC and Telemundo broadcast networks, cable networks, film and television studios, the Peacock streaming service, and a collection of theme parks.

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