Fjarde AP Fonden Fourth Swedish National Pension Fund Has $36.14 Million Position in Comcast Corporation (NASDAQ:CMCSA)

Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 85.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 961,463 shares of the cable giant’s stock after buying an additional 443,370 shares during the period. Comcast Corporation makes up approximately 0.9% of Fjarde AP Fonden Fourth Swedish National Pension Fund’s portfolio, making the stock its 18th largest position. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Comcast Corporation were worth $36,141,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Patriot Financial Group Insurance Agency LLC raised its position in shares of Comcast Corporation by 100.0% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 2,680 shares of the cable giant’s stock worth $100,000 after buying an additional 1,340 shares in the last quarter. OLD Second National Bank of Aurora raised its stake in Comcast Corporation by 56.5% in the first quarter. OLD Second National Bank of Aurora now owns 2,696 shares of the cable giant’s stock worth $101,000 after buying an additional 973 shares during the period. Orrstown Financial Services Inc. raised its stake in Comcast Corporation by 159.3% in the first quarter. Orrstown Financial Services Inc. now owns 2,860 shares of the cable giant’s stock worth $108,000 after buying an additional 1,757 shares during the period. CT Financial Advisors LLC raised its stake in Comcast Corporation by 109.4% in the first quarter. CT Financial Advisors LLC now owns 2,894 shares of the cable giant’s stock worth $109,000 after buying an additional 1,512 shares during the period. Finally, Adirondack Trust Co. raised its stake in Comcast Corporation by 100.0% in the first quarter. Adirondack Trust Co. now owns 2,900 shares of the cable giant’s stock worth $109,000 after buying an additional 1,450 shares during the period. 82.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Corporation (CMCSA) opened at 39.60 on Monday. The company has a market cap of $186.65 billion, a P/E ratio of 19.95 and a beta of 1.01. Comcast Corporation has a 52-week low of $30.02 and a 52-week high of $42.18. The company’s 50 day moving average price is $39.64 and its 200 day moving average price is $38.61.

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. The business had revenue of $21.17 billion for the quarter, compared to the consensus estimate of $20.85 billion. Comcast Corporation had a return on equity of 16.80% and a net margin of 11.45%. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.83 earnings per share. Equities research analysts anticipate that Comcast Corporation will post $2.04 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 4th will be given a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date is Tuesday, October 3rd. Comcast Corporation’s dividend payout ratio is currently 31.74%.

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A number of analysts have issued reports on the company. Royal Bank Of Canada raised their target price on Comcast Corporation from $40.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, May 1st. Guggenheim raised Comcast Corporation from a “neutral” rating to a “buy” rating and raised their target price for the company from $42.00 to $46.00 in a report on Thursday. BidaskClub lowered Comcast Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. Instinet reaffirmed a “buy” rating and issued a $46.00 target price on shares of Comcast Corporation in a report on Wednesday, June 28th. Finally, Credit Suisse Group raised their target price on Comcast Corporation from $41.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, May 15th. Two equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $45.69.

In related news, Director Kenneth J. Bacon sold 7,500 shares of the stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $40.50, for a total transaction of $303,750.00. Following the sale, the director now owns 26,812 shares of the company’s stock, valued at $1,085,886. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Stephen B. Burke sold 258,380 shares of the stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $38.99, for a total value of $10,074,236.20. Following the sale, the executive vice president now directly owns 980,498 shares in the company, valued at approximately $38,229,617.02. The disclosure for this sale can be found here. Corporate insiders own 1.28% of the company’s stock.

Comcast Corporation Company Profile

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.

Institutional Ownership by Quarter for Comcast Corporation (NASDAQ:CMCSA)




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