Swedbank AB Has $74.44 Million Position in Comcast Corporation $CMCSA

Key Points

• Swedbank AB raised its stake in Comcast by 5.8% in Q4 to 2,490,605 shares valued at approximately $74.44 million, about 0.07% of the company.
• Comcast beat quarterly estimates, reporting $0.79 EPS vs. $0.73 expected and revenue of $31.46 billion (vs. $30.42B), with revenue up 5.3% year-over-year.
• Analysts hold a consensus "Hold" rating on CMCSA with an average price target of $34.94 (8 Buys, 15 Holds, 2 Sells).

Swedbank AB grew its stake in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 5.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,490,605 shares of the cable giant's stock after purchasing an additional 136,033 shares during the quarter. Swedbank AB owned approximately 0.07% of Comcast worth $74,444,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of CMCSA. Imprint Wealth LLC acquired a new position in Comcast in the 3rd quarter valued at about $26,000. United Financial Planning Group LLC bought a new position in Comcast in the 3rd quarter valued at about $28,000. Olistico Wealth LLC acquired a new stake in Comcast during the fourth quarter worth approximately $29,000. Richardson Financial Services Inc. boosted its holdings in shares of Comcast by 212.6% during the fourth quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant's stock worth $30,000 after acquiring an additional 691 shares during the period. Finally, Lodestone Wealth Management LLC bought a new stake in shares of Comcast during the fourth quarter worth approximately $33,000. Institutional investors and hedge funds own 84.32% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Barclays set a $28.00 target price on Comcast and gave the stock an "equal weight" rating in a research note on Tuesday, January 13th. Royal Bank Of Canada upped their price objective on Comcast from $31.00 to $32.00 and gave the company a "sector perform" rating in a report on Friday, April 24th. Bank of America upgraded Comcast from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $31.00 to $37.00 in a research report on Monday, January 12th. Deutsche Bank Aktiengesellschaft downgraded Comcast from a "buy" rating to a "hold" rating and set a $34.00 target price for the company. in a report on Friday, April 24th. Finally, KeyCorp reissued a "sector weight" rating on shares of Comcast in a research report on Thursday, April 23rd. Eight analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $34.94.

Comcast Trading Down 0.1%

Shares of CMCSA stock opened at $26.44 on Thursday. The stock has a market cap of $94.45 billion, a P/E ratio of 5.20, a price-to-earnings-growth ratio of 2.13 and a beta of 0.71. Comcast Corporation has a 1 year low of $25.75 and a 1 year 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 50 day simple moving average of $29.19 and a 200 day simple moving average of $28.95.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 EPS for the quarter, topping analysts' consensus estimates of $0.73 by $0.06. The firm had revenue of $31.46 billion for the quarter, compared to analyst estimates of $30.42 billion. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The company's revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the company earned $1.09 EPS. On average, research analysts predict that Comcast Corporation will post 3.58 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Michael J. Cavanagh sold 57,947 shares of the firm's 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 transaction, the chief executive officer 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.40% of the company's stock.

Comcast Company 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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