Comcast Corporation (NASDAQ:CMCSA) Shares Sold by Fjarde AP Fonden Fourth Swedish National Pension Fund

Key Points

• Fjarde AP Fonden Fourth Swedish National Pension Fund significantly reduced its investment in Comcast by 45.5%, selling 430,600 shares and leaving it with 515,891 shares valued at approximately $19 million.
• Several other institutional investors have also adjusted their positions in Comcast, with 84.32% of the stock now owned by hedge funds and institutional investors.
• Comcast recently reported earnings of $1.25 per share, exceeding the consensus estimate of $1.18, and announced a quarterly dividend of $0.33 per share with a yield of 4.0%.

Fjarde AP Fonden Fourth Swedish National Pension Fund trimmed its position in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 45.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 515,891 shares of the cable giant's stock after selling 430,600 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Comcast were worth $19,036,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Advisor OS LLC raised its position in shares of Comcast by 33.2% during the 1st quarter. Advisor OS LLC now owns 35,440 shares of the cable giant's stock worth $1,308,000 after buying an additional 8,841 shares in the last quarter. OMNI 360 Wealth Inc. bought a new stake in shares of Comcast in the 1st quarter worth approximately $335,000. DAVENPORT & Co LLC raised its holdings in shares of Comcast by 41.7% in the 1st quarter. DAVENPORT & Co LLC now owns 4,282,833 shares of the cable giant's stock worth $157,766,000 after purchasing an additional 1,261,278 shares in the last quarter. Resona Asset Management Co. Ltd. raised its holdings in shares of Comcast by 10.2% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 1,282,073 shares of the cable giant's stock worth $47,254,000 after purchasing an additional 118,839 shares in the last quarter. Finally, Transcend Capital Advisors LLC raised its holdings in shares of Comcast by 21.7% in the 1st quarter. Transcend Capital Advisors LLC now owns 76,791 shares of the cable giant's stock worth $2,834,000 after purchasing an additional 13,678 shares in the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently commented on CMCSA shares. Benchmark reiterated a "buy" rating on shares of Comcast in a report on Friday, July 18th. New Street Research cut their price target on shares of Comcast from $44.00 to $38.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Barclays cut their price target on shares of Comcast from $35.00 to $34.00 and set an "equal weight" rating on the stock in a report on Friday, August 1st. Moffett Nathanson boosted their price target on shares of Comcast from $56.00 to $58.00 and gave the company a "buy" rating in a report on Thursday, June 12th. Finally, The Goldman Sachs Group cut their price target on shares of Comcast from $44.00 to $40.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Comcast has a consensus rating of "Hold" and a consensus price target of $40.73.

Comcast Price Performance

Shares of Comcast stock opened at $32.94 on Thursday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.91 and a current ratio of 0.91. The firm's 50-day simple moving average is $34.41 and its 200-day simple moving average is $34.85. Comcast Corporation has a twelve month low of $31.03 and a twelve month high of $45.31. The firm has a market cap of $121.62 billion, a P/E ratio of 5.44, a price-to-earnings-growth ratio of 1.93 and a beta of 0.92.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its earnings results on Thursday, July 31st. The cable giant reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.07. Comcast had a net margin of 18.44% and a return on equity of 18.86%. The business had revenue of $30.31 billion for the quarter, compared to analyst estimates of $29.81 billion. During the same period in the previous year, the business earned $1.21 EPS. The firm's revenue was up 2.1% on a year-over-year basis. As a group, research analysts expect that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Wednesday, October 1st. Comcast's dividend payout ratio (DPR) is currently 21.82%.

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.

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