Swiss Life Asset Management Ltd Lowers Holdings in Comcast Corporation $CMCSA

Swiss Life Asset Management Ltd decreased its position in Comcast Corporation (NASDAQ:CMCSA) by 17.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 765,045 shares of the cable giant’s stock after selling 156,214 shares during the period. Swiss Life Asset Management Ltd’s holdings in Comcast were worth $22,867,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Imprint Wealth LLC bought a new position in Comcast in the third quarter worth approximately $26,000. United Financial Planning Group LLC bought a new position in Comcast in the third quarter worth approximately $28,000. Olistico Wealth LLC bought a new position in Comcast in the fourth quarter worth approximately $29,000. Richardson Financial Services Inc. raised its stake in Comcast by 212.6% in the fourth quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant’s stock worth $30,000 after buying an additional 691 shares in the last quarter. Finally, Lodestone Wealth Management LLC bought a new position in Comcast in the fourth quarter worth approximately $33,000. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

Shares of CMCSA stock opened at $25.03 on Tuesday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.01. The business’s fifty day simple moving average is $28.86 and its 200-day simple moving average is $28.86. Comcast Corporation has a 12-month low of $24.87 and a 12-month high of $36.66. The company has a market cap of $89.41 billion, a PE ratio of 4.93, a PEG ratio of 2.04 and a beta of 0.71.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.06. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The firm had revenue of $31.46 billion for the quarter, compared to the consensus estimate of $30.42 billion. During the same period in the prior year, the firm earned $1.09 EPS. The firm’s revenue was up 5.3% on a year-over-year basis. Analysts expect that Comcast Corporation will post 3.58 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Michael J. Cavanagh sold 57,947 shares of the company’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $32.66, for a total value of $1,892,549.02. Following the transaction, the chief executive officer directly owned 622,336 shares of the company’s stock, valued at $20,325,493.76. This represents a 8.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Royal Bank Of Canada boosted their price objective on shares of Comcast from $31.00 to $32.00 and gave the stock a “sector perform” rating in a research note on Friday, April 24th. Barclays set a $28.00 price objective on shares of Comcast and gave the stock an “equal weight” rating in a research note on Tuesday, January 13th. Pivotal Research downgraded shares of Comcast from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 30th. KeyCorp reissued a “sector weight” rating on shares of Comcast in a research note on Thursday, April 23rd. Finally, Rosenblatt Securities reissued a “neutral” rating and issued a $30.00 price objective on shares of Comcast in a research note on Friday, January 30th. Eight analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Comcast has an average rating of “Hold” and a consensus target price of $34.94.

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.