Comcast Corporation (NASDAQ:CMCSA) Shares Acquired by Skandinaviska Enskilda Banken AB publ

Key Points

• Skandinaviska Enskilda Banken AB publ increased its stake in Comcast Corporation by 3.0% in the 1st quarter, bringing its total shares to 979,305 worth approximately $36.1 million.
• Various hedge funds have also adjusted their positions in Comcast, with Brighton Jones LLC raising its stake by 150.9% and becoming significantly invested in the stock.
• Comcast's recent quarterly earnings report showed a revenue of $29.89 billion and earnings per share of $1.09, exceeding analysts' estimates despite a year-over-year revenue decline of 0.6%.

Skandinaviska Enskilda Banken AB publ grew its position in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 3.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 979,305 shares of the cable giant's stock after buying an additional 28,863 shares during the quarter. Skandinaviska Enskilda Banken AB publ's holdings in Comcast were worth $36,116,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Capital World Investors increased its position in Comcast by 8.6% during the 4th quarter. Capital World Investors now owns 141,680,277 shares of the cable giant's stock valued at $5,317,167,000 after buying an additional 11,255,683 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Comcast by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 85,812,139 shares of the cable giant's stock valued at $3,212,244,000 after purchasing an additional 1,006,272 shares during the period. Dodge & Cox increased its holdings in shares of Comcast by 6.8% in the fourth quarter. Dodge & Cox now owns 79,102,667 shares of the cable giant's stock valued at $2,968,723,000 after purchasing an additional 5,039,823 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of Comcast by 12.0% in the fourth quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant's stock valued at $1,890,027,000 after purchasing an additional 5,402,377 shares during the period. Finally, Invesco Ltd. increased its holdings in shares of Comcast by 11.5% in the fourth quarter. Invesco Ltd. now owns 45,175,969 shares of the cable giant's stock valued at $1,695,454,000 after purchasing an additional 4,669,069 shares during the period. 84.32% of the stock is owned by institutional investors.

Comcast Stock Performance

CMCSA traded up $0.26 on Wednesday, hitting $33.09. 12,380,077 shares of the company traded hands, compared to its average volume of 24,261,721. The company has a 50 day moving average of $34.91 and a 200-day moving average of $35.18. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $123.53 billion, a PE ratio of 8.14, a PEG ratio of 1.63 and a beta of 0.95. Comcast Corporation has a 12-month low of $31.44 and a 12-month high of $45.31.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 2nd were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.99%. The ex-dividend date of this dividend was Wednesday, July 2nd. Comcast's payout ratio is 32.43%.

Analyst Upgrades and Downgrades

CMCSA has been the topic of a number of recent research reports. Rothschild & Co Redburn lowered their target price on Comcast from $44.00 to $35.00 in a research note on Friday, June 20th. Argus lowered Comcast from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Rosenblatt Securities raised their price objective on Comcast from $36.00 to $37.00 and gave the company a "neutral" rating in a report on Friday, July 25th. Bernstein Bank dropped their price objective on Comcast from $38.00 to $37.00 and set a "market perform" rating on the stock in a report on Friday, April 25th. Finally, KeyCorp dropped their price objective on Comcast from $47.00 to $45.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $41.13.

Comcast Company 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.