Livforsakringsbolaget Skandia Omsesidigt lowered its holdings in Comcast Co. (NASDAQ:CMCSA) by 14.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 135,512 shares of the cable giant’s stock after selling 23,800 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Comcast were worth $5,427,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the business. Sterling Investment Management Inc. raised its position in Comcast by 4.8% in the fourth quarter. Sterling Investment Management Inc. now owns 83,092 shares of the cable giant’s stock valued at $3,328,000 after purchasing an additional 3,815 shares during the period. Cullinan Associates Inc. raised its position in Comcast by 10.3% in the fourth quarter. Cullinan Associates Inc. now owns 349,552 shares of the cable giant’s stock valued at $14,000,000 after purchasing an additional 32,639 shares during the period. Schwab Charles Investment Management Inc. raised its position in Comcast by 9.5% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 18,904,883 shares of the cable giant’s stock valued at $756,899,000 after purchasing an additional 1,646,360 shares during the period. OLD Second National Bank of Aurora raised its position in Comcast by 63.5% in the fourth quarter. OLD Second National Bank of Aurora now owns 4,408 shares of the cable giant’s stock valued at $176,000 after purchasing an additional 1,712 shares during the period. Finally, Coastline Trust Co raised its position in Comcast by 8.5% in the fourth quarter. Coastline Trust Co now owns 244,888 shares of the cable giant’s stock valued at $9,808,000 after purchasing an additional 19,232 shares during the period. Institutional investors own 82.26% of the company’s stock.
Several equities research analysts recently issued reports on the company. Morgan Stanley boosted their price objective on Comcast from $44.00 to $50.00 and gave the company an “outperform” rating in a report on Tuesday, January 9th. Pivotal Research boosted their price objective on Comcast from $48.00 to $50.00 and gave the company a “buy” rating in a report on Friday, October 27th. TD Securities downgraded Comcast from an “action list buy” rating to a “buy” rating and boosted their price objective for the company from $42.60 to $51.00 in a report on Friday, January 12th. Barclays cut their price objective on Comcast from $44.00 to $41.00 and set an “overweight” rating on the stock in a report on Friday, October 27th. Finally, Wells Fargo & Co reiterated a “buy” rating and issued a $49.00 price objective on shares of Comcast in a report on Monday, October 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-four have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $47.74.
Comcast Co. (CMCSA) opened at $39.79 on Monday. Comcast Co. has a one year low of $34.78 and a one year high of $44.00. The company has a market capitalization of $184,804.94, a price-to-earnings ratio of 19.32, a P/E/G ratio of 1.53 and a beta of 1.04. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.86.
Comcast (NASDAQ:CMCSA) last released its earnings results on Wednesday, January 24th. The cable giant reported $0.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.02. Comcast had a return on equity of 16.47% and a net margin of 26.87%. The firm had revenue of $21.92 billion during the quarter, compared to analysts’ expectations of $21.83 billion. During the same period in the previous year, the firm posted $0.89 EPS. Comcast’s revenue for the quarter was up 4.2% on a year-over-year basis. analysts anticipate that Comcast Co. will post 2.45 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Wednesday, April 4th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.91%. This is a boost from Comcast’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Tuesday, April 3rd. Comcast’s payout ratio is presently 13.21%.
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.
Want to see what other hedge funds are holding CMCSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comcast Co. (NASDAQ:CMCSA).
Receive News & Ratings for Comcast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast and related companies with MarketBeat.com's FREE daily email newsletter.