Comcast Co. (NASDAQ:CMCSA) Shares Purchased by Swedbank AB

Swedbank AB boosted its stake in Comcast Co. (NASDAQ:CMCSA) by 2.2% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,081,809 shares of the cable giant’s stock after buying an additional 45,327 shares during the quarter. Swedbank AB owned approximately 0.05% of Comcast worth $86,957,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Fairscale Capital LLC purchased a new position in shares of Comcast during the second quarter valued at approximately $26,000. Strategic Financial Concepts LLC purchased a new position in shares of Comcast during the 2nd quarter worth $27,000. IAG Wealth Partners LLC boosted its holdings in shares of Comcast by 204.7% during the second quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock worth $30,000 after purchasing an additional 522 shares during the last quarter. McClarren Financial Advisors Inc. increased its stake in Comcast by 365.4% in the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 570 shares during the last quarter. Finally, Archer Investment Corp lifted its position in Comcast by 177.1% during the second quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock worth $32,000 after buying an additional 519 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Performance

Comcast stock opened at $43.47 on Monday. Comcast Co. has a 12-month low of $36.43 and a 12-month high of $47.11. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. The company has a market capitalization of $166.34 billion, a price-to-earnings ratio of 11.69, a price-to-earnings-growth ratio of 1.65 and a beta of 1.00. The firm’s fifty day moving average price is $41.98 and its 200 day moving average price is $40.05.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping the consensus estimate of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The business had revenue of $32.07 billion for the quarter, compared to analysts’ expectations of $31.78 billion. During the same quarter in the previous year, the firm posted $1.08 earnings per share. The company’s revenue was up 6.5% compared to the same quarter last year. On average, research analysts forecast that Comcast Co. will post 4.26 EPS for the current fiscal year.

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a yield of 2.85%. Comcast’s dividend payout ratio (DPR) is 33.33%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CMCSA. StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 24th. Wells Fargo & Company lifted their price target on shares of Comcast from $43.00 to $46.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Evercore ISI raised Comcast to a “strong-buy” rating in a research report on Thursday. Benchmark restated a “buy” rating and set a $60.00 price target on shares of Comcast in a research note on Tuesday, November 19th. Finally, Pivotal Research raised their price objective on Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a report on Friday, November 1st. One analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.19.

Comcast 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.