Comcast Co. (NASDAQ:CMCSA) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB lessened its stake in Comcast Co. (NASDAQ:CMCSA - Free Report) by 1.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,796,269 shares of the cable giant's stock after selling 27,909 shares during the quarter. Handelsbanken Fonder AB's holdings in Comcast were worth $66,282,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Sculati Wealth Management LLC raised its holdings in Comcast by 0.9% in the 4th quarter. Sculati Wealth Management LLC now owns 30,792 shares of the cable giant's stock worth $1,156,000 after acquiring an additional 285 shares during the last quarter. Kovack Advisors Inc. raised its stake in shares of Comcast by 1.1% in the fourth quarter. Kovack Advisors Inc. now owns 26,470 shares of the cable giant's stock worth $993,000 after purchasing an additional 300 shares during the last quarter. Beck Mack & Oliver LLC lifted its holdings in shares of Comcast by 2.0% during the fourth quarter. Beck Mack & Oliver LLC now owns 15,539 shares of the cable giant's stock valued at $583,000 after purchasing an additional 300 shares in the last quarter. Toth Financial Advisory Corp boosted its position in shares of Comcast by 9.0% during the first quarter. Toth Financial Advisory Corp now owns 3,630 shares of the cable giant's stock valued at $134,000 after buying an additional 300 shares during the last quarter. Finally, Cypress Wealth Services LLC increased its holdings in Comcast by 1.7% in the 1st quarter. Cypress Wealth Services LLC now owns 18,706 shares of the cable giant's stock worth $690,000 after buying an additional 318 shares in the last quarter. Institutional investors own 84.32% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on CMCSA shares. BNP Paribas downgraded shares of Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price target on the stock. in a report on Thursday, April 10th. Argus downgraded shares of Comcast from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. KeyCorp lowered their price target on Comcast from $47.00 to $45.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Wells Fargo & Company lowered Comcast from an "equal weight" rating to an "underweight" rating and cut their price objective for the stock from $37.00 to $31.00 in a report on Monday, April 14th. Finally, Oppenheimer lowered their target price on Comcast from $55.00 to $38.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $42.10.

Comcast Price Performance

NASDAQ CMCSA traded up $0.09 during trading hours on Thursday, reaching $35.27. The company's stock had a trading volume of 14,182,457 shares, compared to its average volume of 22,047,683. Comcast Co. has a 1 year low of $31.44 and a 1 year high of $45.31. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $131.69 billion, a price-to-earnings ratio of 8.50, a PEG ratio of 1.78 and a beta of 0.95. The firm's 50-day moving average price is $34.38 and its 200-day moving average price is $36.26.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.08. The company had revenue of $29.89 billion for the quarter, compared to the consensus estimate of $29.82 billion. Comcast had a net margin of 13.09% and a return on equity of 19.98%. Comcast's revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.04 earnings per share. On average, equities research analysts predict that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 2nd will be issued a dividend of $0.33 per share. The ex-dividend date is Wednesday, July 2nd. This represents a $1.32 annualized dividend and a yield of 3.74%. Comcast's payout ratio is currently 32.43%.

Comcast Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.