Danske Bank A S Acquires 46,241 Shares of Comcast Corporation $CMCSA

Key Points

• Danske Bank increased its stake in Comcast by 46,241 shares in Q4, bringing its holdings to 2,161,121 shares (about $64.6 million or ~0.06% of the company).
• Comcast beat expectations for the quarter with $0.79 EPS vs. $0.73 expected and revenue of $31.46 billion vs. $30.42 billion (revenue up 5.3% year-over-year); the company has a market cap of about $97.7 billion and a P/E of 5.35.
• Insider and analyst activity: CEO Michael Cavanagh sold 57,947 shares (an 8.52% reduction in his holding), and analysts have a consensus "Hold" rating with an average price target of $34.94.

Danske Bank A S increased its holdings in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 2.2% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 2,161,121 shares of the cable giant's stock after buying an additional 46,241 shares during the quarter. Danske Bank A S owned about 0.06% of Comcast worth $64,596,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Cora Capital Advisors LLC grew its stake in shares of Comcast by 3.4% during the 4th quarter. Cora Capital Advisors LLC now owns 11,013 shares of the cable giant's stock valued at $329,000 after purchasing an additional 362 shares during the period. Commonwealth Financial Services LLC lifted its position in shares of Comcast by 4.6% during the 3rd quarter. Commonwealth Financial Services LLC now owns 8,429 shares of the cable giant's stock valued at $265,000 after buying an additional 372 shares in the last quarter. FSA Advisors Inc. lifted its position in shares of Comcast by 5.5% during the 3rd quarter. FSA Advisors Inc. now owns 7,203 shares of the cable giant's stock valued at $226,000 after buying an additional 376 shares in the last quarter. Oakworth Capital Inc. lifted its position in shares of Comcast by 7.4% during the 4th quarter. Oakworth Capital Inc. now owns 5,479 shares of the cable giant's stock valued at $164,000 after buying an additional 377 shares in the last quarter. Finally, WPG Advisers LLC lifted its position in shares of Comcast by 15.9% during the 4th quarter. WPG Advisers LLC now owns 2,801 shares of the cable giant's stock valued at $84,000 after buying an additional 384 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

Comcast Stock Performance

Shares of Comcast stock opened at $27.17 on Friday. Comcast Corporation has a 52 week low of $25.75 and a 52 week high of $36.66. The company has a market capitalization of $97.74 billion, a PE ratio of 5.35, a price-to-earnings-growth ratio of 2.17 and a beta of 0.80. The stock's fifty day moving average is $29.39 and its two-hundred day moving average is $29.00. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.01.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.06. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The business had revenue of $31.46 billion during the quarter, compared to analysts' expectations of $30.42 billion. During the same period in the prior year, the business earned $1.09 EPS. The business's revenue for the quarter was up 5.3% compared to the same quarter last year. As a group, analysts expect that Comcast Corporation will post 3.58 earnings per share for the current year.

Insider Buying and Selling

In other Comcast news, CEO Michael J. Cavanagh sold 57,947 shares of the stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $32.66, for a total value of $1,892,549.02. Following the completion of the sale, the chief executive officer directly owned 622,336 shares in the company, valued at approximately $20,325,493.76. This trade represents a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.32% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Evercore boosted their price target on Comcast from $35.00 to $36.00 and gave the stock an "outperform" rating in a report on Friday, April 24th. Rosenblatt Securities reaffirmed a "neutral" rating and set a $30.00 price objective on shares of Comcast in a report on Friday, January 30th. Citigroup upped their price objective on Comcast from $33.00 to $35.50 and gave the stock a "buy" rating in a report on Friday, April 24th. Deutsche Bank Aktiengesellschaft cut Comcast from a "buy" rating to a "hold" rating and set a $34.00 price objective on the stock. in a report on Friday, April 24th. Finally, Wall Street Zen raised Comcast to a "hold" rating in a research report on Saturday, March 14th. Eight investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $34.94.

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.

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