Comcast Corporation $CMCSA Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB lessened its holdings in Comcast Corporation (NASDAQ:CMCSA) by 5.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,301,501 shares of the cable giant’s stock after selling 82,151 shares during the quarter. Handelsbanken Fonder AB’s holdings in Comcast were worth $31,952,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of CMCSA. Allied Private Wealth LLC acquired a new stake in shares of Comcast during the 2nd quarter worth about $26,000. Imprint Wealth LLC acquired a new position in Comcast in the third quarter valued at approximately $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in Comcast in the fourth quarter valued at approximately $27,000. Whipplewood Advisors LLC increased its stake in Comcast by 75.5% in the first quarter. Whipplewood Advisors LLC now owns 932 shares of the cable giant’s stock valued at $27,000 after purchasing an additional 401 shares during the last quarter. Finally, Main Street Group LTD acquired a new stake in Comcast during the first quarter worth approximately $27,000. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Trading Up 1.8%

Shares of Comcast stock opened at $25.65 on Wednesday. Comcast Corporation has a 1 year low of $21.28 and a 1 year high of $34.45. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.80 and a current ratio of 0.80. The company has a market capitalization of $91.02 billion, a P/E ratio of 8.30, a PEG ratio of 1.43 and a beta of 0.67. The company’s fifty day moving average is $23.70 and its two-hundred day moving average is $26.95.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, July 23rd. The cable giant reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. Comcast had a net margin of 8.97% and a return on equity of 14.77%. The business had revenue of $29.94 billion during the quarter, compared to analysts’ expectations of $29.24 billion. During the same period in the prior year, the company earned $1.25 earnings per share. The business’s revenue was down 1.2% compared to the same quarter last year. Analysts forecast that Comcast Corporation will post 3.52 earnings per share for the current year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 28th. Investors of record on Wednesday, October 7th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 5.1%. The ex-dividend date is Wednesday, October 7th. Comcast’s payout ratio is 42.72%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Freedom Capital upgraded shares of Comcast to a “hold” rating in a research report on Friday, June 12th. Morgan Stanley set a $29.00 price target on shares of Comcast in a research note on Friday, July 24th. Sanford C. Bernstein reissued a “market perform” rating and issued a $28.00 price target on shares of Comcast in a research report on Monday, July 13th. UBS Group reaffirmed a “neutral” rating on shares of Comcast in a report on Tuesday, June 23rd. Finally, Royal Bank Of Canada set a $26.00 target price on Comcast and gave the company a “sector perform” rating in a report on Friday, July 24th. Eleven analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $32.96.

Comcast Profile

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.