Comcast Co. (NASDAQ:CMCSA) Shares Purchased by Swedbank AB

Swedbank AB boosted its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 2.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,132,958 shares of the cable giant’s stock after acquiring an additional 51,149 shares during the period. Swedbank AB owned about 0.06% of Comcast worth $80,050,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of CMCSA. Strategic Blueprint LLC boosted its stake in shares of Comcast by 7.2% during the fourth quarter. Strategic Blueprint LLC now owns 7,748 shares of the cable giant’s stock valued at $291,000 after acquiring an additional 520 shares during the last quarter. Iams Wealth Management LLC boosted its stake in shares of Comcast by 6.0% during the 4th quarter. Iams Wealth Management LLC now owns 47,515 shares of the cable giant’s stock worth $1,783,000 after purchasing an additional 2,693 shares during the last quarter. McKinley Carter Wealth Services Inc. boosted its stake in shares of Comcast by 2.7% during the 4th quarter. McKinley Carter Wealth Services Inc. now owns 42,443 shares of the cable giant’s stock worth $1,593,000 after purchasing an additional 1,099 shares during the last quarter. Foster Victor Wealth Advisors LLC grew its holdings in shares of Comcast by 6.2% during the fourth quarter. Foster Victor Wealth Advisors LLC now owns 231,304 shares of the cable giant’s stock worth $8,461,000 after buying an additional 13,447 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its position in shares of Comcast by 21.0% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,196,524 shares of the cable giant’s stock valued at $44,906,000 after buying an additional 207,566 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

CMCSA stock opened at $37.36 on Thursday. The stock’s 50 day simple moving average is $39.12 and its 200 day simple moving average is $40.17. Comcast Co. has a 12-month low of $36.15 and a 12-month high of $47.11. The firm has a market cap of $142.96 billion, a P/E ratio of 10.04, a P/E/G ratio of 1.35 and a beta of 1.01. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The business had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. During the same quarter in the prior year, the firm earned $1.08 EPS. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, equities research analysts predict that Comcast Co. will post 4.25 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Evercore ISI raised Comcast to a “strong-buy” rating in a research note on Thursday, November 21st. StockNews.com upgraded shares of Comcast from a “buy” rating to a “strong-buy” rating in a report on Friday, January 17th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Macquarie reissued a “neutral” rating and set a $42.00 price objective on shares of Comcast in a research note on Monday, January 6th. Finally, Scotiabank raised Comcast from a “sector perform” rating to a “sector outperform” rating and increased their target price for the stock from $47.75 to $48.00 in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $47.33.

Insiders Place Their Bets

In related news, CEO Brian L. Roberts sold 234,464 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total value of $10,002,234.24. Following the completion of the transaction, the chief executive officer now directly owns 6,669,928 shares of the company’s stock, valued at $284,539,128.48. This represents a 3.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, President Michael J. Cavanagh sold 25,537 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total value of $1,087,620.83. Following the completion of the transaction, the president now directly owns 534,849 shares of the company’s stock, valued at approximately $22,779,218.91. The trade was a 4.56 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is owned by corporate insiders.

Comcast Company Profile

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.