7,545,279 Shares in Comcast Corporation $CMCSA Acquired by Nykredit A S

Nykredit A S purchased a new stake in Comcast Corporation (NASDAQ:CMCSA) during the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 7,545,279 shares of the cable giant’s stock, valued at approximately $185,237,000.

Other institutional investors also recently made changes to their positions in the company. Lowe Brockenbrough & Co. Inc. raised its position in shares of Comcast by 4.9% in the 4th quarter. Lowe Brockenbrough & Co. Inc. now owns 7,532 shares of the cable giant’s stock worth $225,000 after buying an additional 352 shares during the period. Addison Advisors LLC grew its position in Comcast by 55.7% during the fourth quarter. Addison Advisors LLC now owns 1,074 shares of the cable giant’s stock valued at $32,000 after acquiring an additional 384 shares during the period. Cedar Mountain Advisors LLC increased its stake in Comcast by 48.2% during the first quarter. Cedar Mountain Advisors LLC now owns 1,196 shares of the cable giant’s stock worth $34,000 after acquiring an additional 389 shares during the last quarter. PFG Investments LLC increased its stake in Comcast by 0.9% during the first quarter. PFG Investments LLC now owns 41,771 shares of the cable giant’s stock worth $1,199,000 after acquiring an additional 391 shares during the last quarter. Finally, CYBER HORNET ETFs LLC raised its holdings in shares of Comcast by 3.9% in the 3rd quarter. CYBER HORNET ETFs LLC now owns 10,407 shares of the cable giant’s stock worth $327,000 after purchasing an additional 392 shares during the period. 84.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CMCSA has been the subject of a number of research reports. Barclays set a $26.00 target price on Comcast and gave the stock an “equal weight” rating in a report on Friday, July 24th. Morgan Stanley set a $29.00 price target on shares of Comcast in a report on Friday, July 24th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $28.00 price target on shares of Comcast in a research report on Monday, July 13th. Royal Bank Of Canada set a $26.00 price objective on shares of Comcast and gave the stock a “sector perform” rating in a research report on Friday, July 24th. Finally, Citigroup cut their target price on shares of Comcast from $35.50 to $32.00 and set a “buy” rating on the stock in a research note on Monday, June 29th. Eleven analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $32.96.

Comcast Price Performance

CMCSA stock opened at $26.81 on Thursday. The firm has a market cap of $95.14 billion, a P/E ratio of 8.68, a price-to-earnings-growth ratio of 1.87 and a beta of 0.68. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.80 and a current ratio of 0.80. Comcast Corporation has a 1 year low of $21.28 and a 1 year high of $34.45. The stock has a 50-day simple moving average of $24.71 and a 200-day simple moving average of $26.52.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, July 23rd. The cable giant reported $1.04 EPS for the quarter, topping the consensus estimate of $0.97 by $0.07. The firm had revenue of $29.94 billion for the quarter, compared to analyst estimates of $29.24 billion. Comcast had a return on equity of 14.77% and a net margin of 8.97%.Comcast’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.25 EPS. On average, equities analysts predict that Comcast Corporation will post 3.52 earnings per share for the current fiscal year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Wednesday, October 7th will be paid a dividend of $0.33 per share. The ex-dividend date is Wednesday, October 7th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.9%. Comcast’s dividend payout ratio (DPR) is currently 42.72%.

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.