AMF Tjanstepension AB Sells 107,203 Shares of Comcast Co. (NASDAQ:CMCSA)

AMF Tjanstepension AB cut its position in shares of Comcast Co. (NASDAQ:CMCSA) by 10.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 936,540 shares of the cable giant’s stock after selling 107,203 shares during the quarter. AMF Tjanstepension AB’s holdings in Comcast were worth $40,641,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Steph & Co. grew its stake in shares of Comcast by 154.6% in the 1st quarter. Steph & Co. now owns 611 shares of the cable giant’s stock worth $26,000 after buying an additional 371 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. grew its stake in shares of Comcast by 299.1% in the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock worth $28,000 after acquiring an additional 475,675 shares during the last quarter. OLD Point Trust & Financial Services N A bought a new position in shares of Comcast during the fourth quarter valued at $28,000. Pineridge Advisors LLC purchased a new position in shares of Comcast in the 4th quarter worth about $32,000. Finally, Financial Synergies Wealth Advisors Inc. raised its position in shares of Comcast by 336.9% in the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 769 shares of the cable giant’s stock worth $33,000 after purchasing an additional 593 shares during the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Trading Up 2.3 %

Shares of CMCSA stock traded up $0.88 on Friday, reaching $39.16. 38,270,406 shares of the company’s stock were exchanged, compared to its average volume of 20,663,385. The company’s fifty day simple moving average is $38.71 and its 200 day simple moving average is $41.39. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.46. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.13. The stock has a market capitalization of $153.65 billion, a PE ratio of 10.36, a P/E/G ratio of 0.95 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, April 25th. The cable giant reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.06. The company had revenue of $30.06 billion during the quarter, compared to analysts’ expectations of $29.83 billion. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.92 EPS. As a group, analysts forecast that Comcast Co. will post 4.21 EPS for the current year.

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 24th. Stockholders of record on Wednesday, July 3rd will be issued a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $1.24 annualized dividend and a dividend yield of 3.17%. Comcast’s dividend payout ratio is currently 32.80%.

Analyst Ratings Changes

Several analysts have commented on the company. Oppenheimer reiterated an “outperform” rating and set a $55.00 target price on shares of Comcast in a research note on Wednesday, April 3rd. Rosenblatt Securities reiterated a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a report on Friday, April 26th. Benchmark reissued a “buy” rating and issued a $55.00 target price on shares of Comcast in a research report on Monday, May 13th. Evercore ISI reaffirmed an “outperform” rating and set a $50.00 price target on shares of Comcast in a report on Tuesday, March 26th. Finally, Scotiabank decreased their price objective on shares of Comcast from $50.00 to $47.25 and set a “sector perform” rating for the company in a report on Friday, April 26th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $48.62.

Insider Transactions at Comcast

In other Comcast news, major shareholder Corp Comcast sold 3,176,923 shares of the stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $3.19, for a total transaction of $10,134,384.37. Following the sale, the insider now owns 2,000,000 shares of the company’s stock, valued at approximately $6,380,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.26% of the company’s stock.

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.