Swedbank AB Boosts Stock Position in Comcast Corporation $CMCSA

Swedbank AB lifted its holdings in Comcast Corporation (NASDAQ:CMCSA) by 5.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,490,605 shares of the cable giant’s stock after purchasing an additional 136,033 shares during the quarter. Swedbank AB owned 0.07% of Comcast worth $74,444,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Imprint Wealth LLC bought a new stake in Comcast in the third quarter worth $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in Comcast in the fourth quarter worth $27,000. United Financial Planning Group LLC bought a new stake in Comcast in the third quarter worth $28,000. Olistico Wealth LLC bought a new stake in Comcast in the fourth quarter worth $29,000. Finally, Richardson Financial Services Inc. lifted its position in Comcast by 212.6% in the fourth quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant’s stock worth $30,000 after buying an additional 691 shares during the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Wall Street Zen upgraded Comcast to a “hold” rating in a research report on Saturday, March 14th. Citigroup raised their price target on Comcast from $33.00 to $35.50 and gave the stock a “buy” rating in a research report on Friday, April 24th. Evercore raised their price target on Comcast from $35.00 to $36.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Rosenblatt Securities restated a “neutral” rating and issued a $30.00 price target on shares of Comcast in a research report on Friday, January 30th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $29.00 price target on shares of Comcast in a research report on Thursday, April 23rd. Nine investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $34.79.

Comcast Stock Up 0.5%

NASDAQ:CMCSA opened at $25.20 on Friday. Comcast Corporation has a twelve month low of $24.53 and a twelve month high of $36.66. The company has a market cap of $90.02 billion, a price-to-earnings ratio of 4.96, a price-to-earnings-growth ratio of 2.03 and a beta of 0.71. The stock has a fifty day simple moving average of $27.73 and a 200-day simple moving average of $28.62. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.01.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.06. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The business had revenue of $31.46 billion during the quarter, compared to the consensus estimate of $30.42 billion. During the same period last year, the company earned $1.09 earnings per share. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. Analysts anticipate that Comcast Corporation will post 3.58 EPS for the current year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 1st will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 5.2%. The ex-dividend date is Wednesday, July 1st. Comcast’s dividend payout ratio (DPR) is 25.98%.

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.