Tredje AP fonden increased its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 154.3% during the first quarter, according to its most recent filing with the SEC. The fund owned 731,402 shares of the cable giant’s stock after buying an additional 443,774 shares during the period. Comcast Corporation accounts for 1.1% of Tredje AP fonden’s investment portfolio, making the stock its 8th largest position. Tredje AP fonden’s holdings in Comcast Corporation were worth $27,493,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the stock. Dodge & Cox acquired a new stake in Comcast Corporation during the fourth quarter worth approximately $2,643,845,000. Ameriprise Financial Inc. boosted its stake in Comcast Corporation by 95.7% in the first quarter. Ameriprise Financial Inc. now owns 59,716,372 shares of the cable giant’s stock worth $2,244,768,000 after buying an additional 29,199,805 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Comcast Corporation by 103.1% in the first quarter. Bank of New York Mellon Corp now owns 56,323,747 shares of the cable giant’s stock worth $2,117,212,000 after buying an additional 28,597,277 shares during the last quarter. Norges Bank acquired a new stake in Comcast Corporation during the fourth quarter worth approximately $1,487,203,000. Finally, Fisher Asset Management LLC boosted its stake in Comcast Corporation by 102.5% in the first quarter. Fisher Asset Management LLC now owns 25,364,691 shares of the cable giant’s stock worth $953,459,000 after buying an additional 12,839,117 shares during the last quarter. Institutional investors and hedge funds own 82.87% of the company’s stock.
Shares of Comcast Corporation (NASDAQ:CMCSA) opened at 40.52 on Friday. The company has a market cap of $190.99 billion, a P/E ratio of 20.41 and a beta of 1.01. Comcast Corporation has a 12 month low of $30.02 and a 12 month high of $42.18. The firm has a 50-day moving average price of $39.71 and a 200 day moving average price of $38.91.
Comcast Corporation (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, July 27th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.04. Comcast Corporation had a return on equity of 16.80% and a net margin of 11.45%. The firm had revenue of $21.17 billion during the quarter, compared to analyst estimates of $20.85 billion. During the same period last year, the company earned $0.83 EPS. Comcast Corporation’s quarterly revenue was up 9.8% compared to the same quarter last year. Equities analysts predict that Comcast Corporation will post $2.04 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 4th will be paid a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date is Tuesday, October 3rd. Comcast Corporation’s dividend payout ratio is currently 31.74%.
A number of equities research analysts have recently commented on CMCSA shares. Morgan Stanley reiterated an “overweight” rating and set a $44.00 target price (up from $43.00) on shares of Comcast Corporation in a research note on Thursday, July 6th. Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of Comcast Corporation in a research note on Wednesday, June 28th. Credit Suisse Group boosted their price objective on Comcast Corporation from $41.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, May 15th. Jefferies Group LLC restated a “buy” rating and issued a $47.00 price objective on shares of Comcast Corporation in a research note on Friday, July 7th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $45.00 price objective on shares of Comcast Corporation in a research note on Sunday, July 9th. Two investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $45.69.
In other news, SVP Daniel C. Murdock sold 3,659 shares of the business’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $39.61, for a total value of $144,932.99. Following the completion of the transaction, the senior vice president now directly owns 725 shares of the company’s stock, valued at approximately $28,717.25. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Kenneth J. Bacon sold 7,500 shares of the business’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $40.50, for a total value of $303,750.00. Following the completion of the transaction, the director now directly owns 26,812 shares of the company’s stock, valued at $1,085,886. The disclosure for this sale can be found here. 1.28% of the stock is currently owned by company insiders.
About Comcast Corporation
Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.
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