Livforsakringsbolaget Skandia Omsesidigt Boosts Stock Position in Comcast Co. (NASDAQ:CMCSA)

Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 38.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 222,018 shares of the cable giant’s stock after buying an additional 62,209 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Comcast were worth $9,274,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CMCSA. Tortoise Investment Management LLC boosted its position in shares of Comcast by 4.5% during the 4th quarter. Tortoise Investment Management LLC now owns 5,801 shares of the cable giant’s stock valued at $254,000 after acquiring an additional 249 shares during the last quarter. Greenwich Wealth Management LLC boosted its holdings in Comcast by 2.7% in the 2nd quarter. Greenwich Wealth Management LLC now owns 9,754 shares of the cable giant’s stock valued at $382,000 after purchasing an additional 261 shares during the last quarter. Saxon Interests Inc. grew its stake in shares of Comcast by 2.0% in the 3rd quarter. Saxon Interests Inc. now owns 13,554 shares of the cable giant’s stock valued at $566,000 after buying an additional 262 shares during the period. Verum Partners LLC increased its holdings in shares of Comcast by 4.9% during the 2nd quarter. Verum Partners LLC now owns 5,663 shares of the cable giant’s stock worth $222,000 after buying an additional 267 shares during the last quarter. Finally, Mcdonald Partners LLC raised its position in shares of Comcast by 1.4% during the 1st quarter. Mcdonald Partners LLC now owns 19,591 shares of the cable giant’s stock valued at $849,000 after buying an additional 270 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Up 0.4 %

Shares of NASDAQ CMCSA opened at $41.26 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.16. The stock has a market cap of $159.78 billion, a P/E ratio of 10.97, a PEG ratio of 1.10 and a beta of 1.01. The business’s fifty day simple moving average is $39.99 and its 200-day simple moving average is $39.50. Comcast Co. has a 12-month low of $36.43 and a 12-month high of $47.11.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The firm had revenue of $29.69 billion during the quarter, compared to the consensus estimate of $30.02 billion. During the same period in the prior year, the company posted $1.13 earnings per share. The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. As a group, equities analysts predict that Comcast Co. will post 4.23 EPS for the current fiscal year.

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 3.01%. The ex-dividend date of this dividend is Wednesday, October 2nd. Comcast’s dividend payout ratio (DPR) is 32.98%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CMCSA. Rosenblatt Securities reissued a “neutral” rating and set a $45.00 target price on shares of Comcast in a research note on Wednesday, July 24th. Pivotal Research reduced their price objective on shares of Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Macquarie reaffirmed a “neutral” rating and set a $40.00 target price on shares of Comcast in a research note on Wednesday, July 24th. Seaport Res Ptn downgraded shares of Comcast from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 24th. Finally, Evercore ISI lowered their price objective on shares of Comcast from $50.00 to $48.00 and set an “outperform” rating for the company in a research report on Tuesday, July 2nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $45.55.

About Comcast

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.