Andra AP fonden Reduces Position in Comcast Co. (NASDAQ:CMCSA)

Andra AP fonden cut its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 17.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 479,221 shares of the cable giant’s stock after selling 100,200 shares during the quarter. Andra AP fonden’s holdings in Comcast were worth $17,985,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in CMCSA. FMR LLC boosted its holdings in Comcast by 5.4% in the third quarter. FMR LLC now owns 117,420,328 shares of the cable giant’s stock valued at $4,904,647,000 after purchasing an additional 6,062,658 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Comcast by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 32,709,601 shares of the cable giant’s stock valued at $1,227,591,000 after purchasing an additional 838,366 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Comcast by 6.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 30,364,136 shares of the cable giant’s stock valued at $1,268,310,000 after purchasing an additional 1,717,762 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Comcast in the fourth quarter valued at $743,681,000. Finally, Ontario Teachers Pension Plan Board boosted its holdings in Comcast by 5.4% in the third quarter. Ontario Teachers Pension Plan Board now owns 15,983,230 shares of the cable giant’s stock valued at $667,620,000 after purchasing an additional 822,936 shares during the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CMCSA. Seaport Res Ptn raised shares of Comcast from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. Citigroup lowered their target price on shares of Comcast from $47.00 to $44.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Evercore ISI raised shares of Comcast to a “strong-buy” rating in a research note on Thursday, November 21st. Macquarie lowered their target price on shares of Comcast from $42.00 to $36.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Finally, Barclays lowered their target price on shares of Comcast from $42.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Monday, February 3rd. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.83.

Comcast Stock Up 3.6 %

CMCSA stock opened at $37.59 on Friday. The company has a market cap of $142.13 billion, a price-to-earnings ratio of 9.06, a PEG ratio of 1.78 and a beta of 1.00. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. Comcast Co. has a 12 month low of $32.50 and a 12 month high of $45.31. The firm has a 50-day moving average of $36.12 and a two-hundred day moving average of $39.35.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. As a group, analysts forecast that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be issued a $0.33 dividend. This is an increase from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.51%. Comcast’s dividend payout ratio is presently 31.81%.

Comcast Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.