Varma Mutual Pension Insurance Co Acquires 152,600 Shares of Comcast Corporation $CMCSA

Key Points

• Varma Mutual Pension Insurance Co raised its stake in Comcast by 24.9%, acquiring 152,600 shares to hold 766,294 shares valued at about $22.91 million according to its latest 13F filing.
• Comcast recently beat quarterly estimates with $0.79 EPS versus a $0.73 consensus and $31.46 billion in revenue versus $30.42 billion, and trades with a market cap near $97 billion and a P/E of 5.35; institutional investors own about 84.32% of the stock.
• CEO Michael J. Cavanagh sold 57,947 shares at roughly $32.66 (an 8.52% reduction in his ownership), while analysts hold a consensus Hold rating (8 Buy, 16 Hold, 2 Sell) with an average price target of $34.94.

Varma Mutual Pension Insurance Co raised its holdings in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 24.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 766,294 shares of the cable giant's stock after acquiring an additional 152,600 shares during the period. Varma Mutual Pension Insurance Co's holdings in Comcast were worth $22,905,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of CMCSA. Cora Capital Advisors LLC grew its position in shares of Comcast by 3.4% in 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 raised its holdings in Comcast by 4.6% during the 3rd quarter. Commonwealth Financial Services LLC now owns 8,429 shares of the cable giant's stock worth $265,000 after buying an additional 372 shares during the period. FSA Advisors Inc. lifted its stake in Comcast by 5.5% in the third 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. boosted its holdings in shares of Comcast by 7.4% in the fourth 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 during the period. Finally, WPG Advisers LLC boosted its holdings in shares of Comcast by 15.9% in the fourth 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 during the period. 84.32% of the stock is currently owned by institutional investors.

Comcast Trading Down 0.1%

Comcast stock opened at $27.17 on Monday. The company has a market cap of $97.04 billion, a price-to-earnings ratio of 5.35, a P/E/G ratio of 2.19 and a beta of 0.71. The firm has a 50-day moving average of $29.39 and a 200-day moving average of $28.99. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.87 and a quick ratio of 0.87. Comcast Corporation has a one year low of $25.75 and a one year high of $36.66.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on CMCSA shares. Pivotal Research lowered shares of Comcast from a "strong-buy" rating to a "hold" rating in a report on Friday, January 30th. KeyCorp reiterated a "sector weight" rating on shares of Comcast in a report on Thursday, April 23rd. Wall Street Zen raised Comcast to a "hold" rating in a research note on Saturday, March 14th. Rosenblatt Securities reaffirmed a "neutral" rating and set a $30.00 price objective on shares of Comcast in a research report on Friday, January 30th. Finally, The Goldman Sachs Group reissued a "neutral" rating and issued a $29.00 target price on shares of Comcast in a research report on Thursday, April 23rd. Eight analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Comcast currently has a consensus rating of "Hold" and an average price target of $34.94.

Insider Activity at Comcast

In other Comcast news, CEO Michael J. Cavanagh sold 57,947 shares of the firm's stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $32.66, for a total transaction 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 $20,325,493.76. This trade represents a 8.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.40% of the company's stock.

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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