943,525 Shares in Comcast Corporation $CMCSA Acquired by SEB Asset Management AB

SEB Asset Management AB acquired a new stake in shares of Comcast Corporation (NASDAQ:CMCSA) during the first quarter, Holdings Channel.com reports. The fund acquired 943,525 shares of the cable giant’s stock, valued at approximately $27,089,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Imprint Wealth LLC acquired a new stake in Comcast during the third quarter valued at approximately $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in shares of Comcast in the 4th quarter valued at $27,000. Whipplewood Advisors LLC lifted its holdings in shares of Comcast by 75.5% during the 1st quarter. Whipplewood Advisors LLC now owns 932 shares of the cable giant’s stock valued at $27,000 after purchasing an additional 401 shares in the last quarter. Main Street Group LTD acquired a new stake in shares of Comcast during the first quarter worth $27,000. Finally, Olistico Wealth LLC bought a new stake in Comcast in the 4th quarter valued at $29,000. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

CMCSA opened at $23.79 on Monday. Comcast Corporation has a 52-week low of $22.13 and a 52-week high of $36.01. The firm has a market capitalization of $84.98 billion, a PE ratio of 4.68, a PEG ratio of 1.96 and a beta of 0.67. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.87 and a current ratio of 0.87. The business’s 50-day simple moving average is $24.00 and its 200 day simple moving average is $27.48.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates 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 return on equity of 15.47% and a net margin of 15.00%.The business’s revenue was up 5.3% compared to the same quarter last year. During the same period last year, the company earned $1.09 earnings per share. As a group, sell-side analysts expect that Comcast Corporation will post 3.48 earnings per share for the current fiscal year.

Comcast Announces Dividend

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

Analysts Set New Price Targets

A number of research firms have issued reports on CMCSA. Wells Fargo & Company lowered their target price on Comcast from $29.00 to $28.00 and set an “underweight” rating for the company in a report on Tuesday, July 7th. Citigroup cut their price target on Comcast from $35.50 to $32.00 and set a “buy” rating on the stock in a report on Monday, June 29th. 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. Sanford C. Bernstein reissued a “market perform” rating and issued a $28.00 target price on shares of Comcast in a research report on Monday, July 13th. Finally, Evercore boosted their target price on Comcast from $35.00 to $36.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Eleven equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Comcast has an average rating of “Hold” and a consensus price target of $33.64.

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.