PFA Pension Forsikringsaktieselskab Acquires Shares of 3,303,535 Comcast Corporation $CMCSA

Key Points

• PFA Pension Forsikringsaktieselskab purchased a new stake of 3,303,535 Comcast shares in Q4, worth about $99.0 million and representing roughly 0.09% of the company.
• Comcast recently beat quarterly estimates with EPS of $0.79 versus $0.73 and revenue of $31.46 billion (up 5.3% year‑over‑year); the stock trades near $27.17 with a 12‑month range of $25.75–$36.66 and a PE of 5.35.
• Analyst views are mixed — the consensus is a "Hold" with a $34.94 target despite several firms raising ratings/targets (e.g., BofA to Buy, $37) — and insider activity included CEO Michael Cavanagh selling 57,947 shares (~$1.89M), reducing his stake by 8.52%.

PFA Pension Forsikringsaktieselskab purchased a new stake in Comcast Corporation (NASDAQ:CMCSA - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 3,303,535 shares of the cable giant's stock, valued at approximately $99,007,000. PFA Pension Forsikringsaktieselskab owned approximately 0.09% of Comcast as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of CMCSA. Vanguard Group Inc. lifted its position in Comcast by 0.6% during the fourth 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 in the last quarter. Principal Financial Group Inc. lifted its position in Comcast by 9.7% during the third quarter. Principal Financial Group Inc. now owns 7,536,937 shares of the cable giant's stock worth $236,810,000 after buying an additional 665,635 shares in the last quarter. Ashton Thomas Private Wealth LLC lifted its position in Comcast by 75.3% during the third quarter. Ashton Thomas Private Wealth LLC now owns 340,764 shares of the cable giant's stock worth $10,707,000 after buying an additional 146,339 shares in the last quarter. Rothschild & Co Wealth Management UK Ltd lifted its position in Comcast by 1.0% during the third 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 in the last quarter. Finally, Candriam S.C.A. lifted its position in Comcast by 3.5% during the third 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 in the last quarter. Institutional investors own 84.32% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Arete Research set a $23.00 price objective on Comcast in a research report on Tuesday, January 6th. Bank of America upgraded Comcast from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $31.00 to $37.00 in a research report on Monday, January 12th. Citigroup raised their target price on Comcast from $33.00 to $35.50 and gave the stock a "buy" rating in a research note on Friday, April 24th. TD Cowen cut their target price on Comcast from $40.00 to $39.00 and set a "buy" rating for the company in a research note on Friday, January 30th. Finally, Royal Bank Of Canada raised their target price on Comcast from $31.00 to $32.00 and gave the stock a "sector perform" rating in a research note on Friday, April 24th. Eight research 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's stock. According to MarketBeat, Comcast currently has a consensus rating of "Hold" and a consensus price target of $34.94.

Insider Buying and Selling at Comcast

In other news, CEO Michael J. Cavanagh sold 57,947 shares of Comcast stock in a transaction on 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 of the company's stock, valued at approximately $20,325,493.76. The trade was a 8.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.32% of the company's stock.

Comcast Trading Up 0.5%

Shares of NASDAQ CMCSA opened at $27.17 on Friday. Comcast Corporation has a twelve month low of $25.75 and a twelve month high of $36.66. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.01. The stock has a fifty day simple moving average of $29.39 and a 200-day simple moving average of $29.00. The stock has a market capitalization of $97.74 billion, a PE ratio of 5.35, a PEG ratio of 2.17 and a beta of 0.80.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 earnings per share 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 business had revenue of $31.46 billion during the quarter, compared to analysts' expectations of $30.42 billion. During the same period in the previous year, the firm posted $1.09 earnings per share. The company's revenue was up 5.3% on a year-over-year basis. On average, equities analysts forecast that Comcast Corporation will post 3.58 earnings per share for the current year.

Comcast 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.

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