Livforsakringsbolaget Skandia Omsesidigt Sells 114,255 Shares of Comcast Corporation $CMCSA

Livforsakringsbolaget Skandia Omsesidigt reduced its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 82.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,663 shares of the cable giant’s stock after selling 114,255 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Comcast were worth $707,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Comcast by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 369,311,219 shares of the cable giant’s stock valued at $11,038,712,000 after purchasing an additional 2,160,829 shares in the last quarter. State Street Corp lifted its position in shares of Comcast by 4.6% during the third quarter. State Street Corp now owns 180,687,135 shares of the cable giant’s stock valued at $5,677,190,000 after purchasing an additional 7,917,335 shares in the last quarter. Dodge & Cox lifted its position in shares of Comcast by 1.2% during the third quarter. Dodge & Cox now owns 112,567,918 shares of the cable giant’s stock valued at $3,536,884,000 after purchasing an additional 1,295,598 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Comcast by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 89,913,362 shares of the cable giant’s stock valued at $2,680,747,000 after purchasing an additional 1,465,428 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Comcast during the fourth quarter valued at about $2,498,626,000. 84.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on CMCSA shares. Wall Street Zen raised shares of Comcast to a “hold” rating in a research report on Saturday, March 14th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Comcast in a research report on Wednesday, April 8th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $29.00 price objective on shares of Comcast in a research report on Thursday, April 23rd. New Street Research lowered their price objective on shares of Comcast from $36.00 to $31.00 and set a “buy” rating on the stock in a research report on Wednesday, May 13th. Finally, Evercore lifted their price objective on shares of Comcast from $35.00 to $36.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Nine analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $34.56.

Comcast Price Performance

CMCSA opened at $23.82 on Friday. The company has a market capitalization of $85.09 billion, a price-to-earnings ratio of 4.69, a PEG ratio of 1.90 and a beta of 0.67. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.01. The firm has a 50-day moving average price of $26.77 and a 200-day moving average price of $28.42. Comcast Corporation has a twelve month low of $23.13 and a twelve month high of $36.66.

Comcast (NASDAQ:CMCSA) last posted 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. The firm had revenue of $31.46 billion during the quarter, compared to the consensus estimate of $30.42 billion. Comcast had a net margin of 15.00% and a return on equity of 15.47%. The company’s revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the company earned $1.09 earnings per share. Equities analysts expect that Comcast Corporation will post 3.53 EPS for the current year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 1st will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $1.32 annualized dividend and a yield of 5.5%. Comcast’s payout ratio is currently 25.98%.

Comcast 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.