Comcast Corporation $CMCSA Shares Acquired by PensionDanmark Pensionsforsikringsaktieselskab

PensionDanmark Pensionsforsikringsaktieselskab raised its stake in Comcast Corporation (NASDAQ:CMCSA) by 7.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 875,247 shares of the cable giant’s stock after purchasing an additional 62,671 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Comcast were worth $21,487,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Brighton Jones LLC grew its holdings in shares of Comcast by 150.9% during the fourth quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock worth $6,240,000 after purchasing an additional 99,986 shares during the last quarter. Voya Financial Advisors Inc. increased its position in shares of Comcast by 3.2% during the second quarter. Voya Financial Advisors Inc. now owns 83,883 shares of the cable giant’s stock worth $2,963,000 after purchasing an additional 2,593 shares in the last quarter. United Bank lifted its holdings in shares of Comcast by 11.3% in the 2nd quarter. United Bank now owns 42,216 shares of the cable giant’s stock valued at $1,507,000 after purchasing an additional 4,290 shares during the last quarter. HUB Investment Partners LLC lifted its holdings in shares of Comcast by 119.4% in the 2nd quarter. HUB Investment Partners LLC now owns 16,974 shares of the cable giant’s stock valued at $606,000 after purchasing an additional 9,236 shares during the last quarter. Finally, Diversify Advisory Services LLC boosted its position in shares of Comcast by 66.8% in the 2nd quarter. Diversify Advisory Services LLC now owns 39,607 shares of the cable giant’s stock valued at $1,414,000 after purchasing an additional 15,865 shares during the period. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Price Performance

CMCSA stock opened at $25.17 on Friday. The stock’s 50 day moving average price is $23.68 and its 200 day moving average price is $27.01. The firm has a market cap of $89.32 billion, a P/E ratio of 8.15, a PEG ratio of 1.41 and a beta of 0.67. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.80 and a current ratio of 0.80. Comcast Corporation has a 1 year low of $21.28 and a 1 year high of $34.45.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, July 23rd. The cable giant reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. Comcast had a return on equity of 14.77% and a net margin of 8.97%.The company had revenue of $29.94 billion during the quarter, compared to analysts’ expectations of $29.24 billion. During the same period in the previous year, the firm posted $1.25 earnings per share. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. On average, sell-side analysts expect that Comcast Corporation will post 3.52 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders of record on Wednesday, October 7th will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend is Wednesday, October 7th. Comcast’s dividend payout ratio is currently 42.72%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CMCSA. Royal Bank Of Canada set a $26.00 price target on Comcast and gave the stock a “sector perform” rating in a research note on Friday, July 24th. The Goldman Sachs Group decreased their price objective on Comcast from $29.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday, July 2nd. New Street Research cut their target price on shares of Comcast from $31.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, June 25th. Scotiabank set a $29.00 target price on shares of Comcast in a research note on Friday, July 24th. Finally, Deutsche Bank Aktiengesellschaft upgraded Comcast from a “hold” rating to a “buy” rating and dropped their target price for the stock from $34.00 to $32.00 in a research report on Tuesday, June 30th. Eleven investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $32.96.

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.