Forsta AP Fonden boosted its position in Comcast Corporation (NASDAQ:CMCSA) by 29.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,291,162 shares of the cable giant’s stock after buying an additional 292,000 shares during the period. Comcast Corporation comprises approximately 1.4% of Forsta AP Fonden’s investment portfolio, making the stock its 12th largest position. Forsta AP Fonden’s holdings in Comcast Corporation were worth $50,252,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. State Street Corp boosted its stake in shares of Comcast Corporation by 97.6% in the first quarter. State Street Corp now owns 199,519,367 shares of the cable giant’s stock valued at $7,499,933,000 after buying an additional 98,570,377 shares during the last quarter. Clearbridge Investments LLC boosted its stake in shares of Comcast Corporation by 97.6% in the first quarter. Clearbridge Investments LLC now owns 97,454,749 shares of the cable giant’s stock valued at $3,663,324,000 after buying an additional 48,147,456 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Comcast Corporation by 95.7% in the first quarter. Ameriprise Financial Inc. now owns 59,716,372 shares of the cable giant’s stock valued at $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 shares of 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 valued at $2,117,212,000 after buying an additional 28,597,277 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its stake in shares of 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 valued at $953,459,000 after buying an additional 12,839,117 shares during the last quarter. Institutional investors own 82.87% of the company’s stock.

Comcast Corporation (NASDAQ:CMCSA) traded down 1.370% during mid-day trading on Thursday, reaching $40.675. The company’s stock had a trading volume of 5,388,543 shares. 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 $39.65 and its 200 day moving average price is $38.88. The firm has a market capitalization of $191.72 billion, a price-to-earnings ratio of 20.491 and a beta of 1.01.

Comcast Corporation (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, July 27th. The cable giant reported $0.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.04. The business had revenue of $21.17 billion during the quarter, compared to the consensus estimate of $20.85 billion. Comcast Corporation had a net margin of 11.45% and a return on equity of 16.80%. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.83 earnings per share. On average, equities analysts forecast that Comcast Corporation will post $2.04 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 4th will be paid a $0.1575 dividend. The ex-dividend date is Tuesday, October 3rd. This represents a $0.63 annualized dividend and a dividend yield of 1.53%. Comcast Corporation’s dividend payout ratio (DPR) is 31.74%.

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CMCSA has been the topic of several analyst reports. Macquarie reissued a “buy” rating and set a $45.00 price objective on shares of Comcast Corporation in a research note on Tuesday, May 16th. Jefferies Group LLC reissued a “buy” rating and set a $47.00 price objective (up from $43.00) on shares of Comcast Corporation in a research note on Saturday, April 29th. Instinet reissued a “buy” rating and set a $43.00 price objective (down from $46.00) on shares of Comcast Corporation in a research note on Saturday, April 29th. Deutsche Bank AG reissued a “buy” rating and set a $47.00 price objective (up from $44.00) on shares of Comcast Corporation in a research note on Saturday, April 29th. Finally, Wunderlich boosted their price objective on Comcast Corporation from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. Two research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $45.69.

In other news, Director Kenneth J. Bacon sold 7,500 shares of Comcast Corporation stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $40.50, for a total transaction of $303,750.00. Following the completion of the sale, the director now directly owns 26,812 shares of the company’s stock, valued at approximately $1,085,886. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Daniel C. Murdock sold 3,659 shares of Comcast Corporation stock in a transaction on Monday, August 7th. The stock was sold at an average price of $39.61, for a total transaction of $144,932.99. Following the sale, the senior vice president now directly owns 725 shares of the company’s stock, valued at $28,717.25. The disclosure for this sale can be found here. 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.

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

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