Comcast Co. (NASDAQ:CMCSA) Shares Sold by Tredje AP fonden

Tredje AP fonden reduced its position in shares of Comcast Co. (NASDAQ:CMCSA) by 27.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 521,285 shares of the cable giant’s stock after selling 200,709 shares during the quarter. Tredje AP fonden’s holdings in Comcast were worth $19,564,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Promus Capital LLC purchased a new position in Comcast during the fourth quarter worth about $25,000. Winch Advisory Services LLC raised its holdings in Comcast by 269.9% in the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after acquiring an additional 502 shares in the last quarter. Roxbury Financial LLC acquired a new stake in Comcast in the fourth quarter valued at approximately $27,000. Wingate Wealth Advisors Inc. acquired a new stake in Comcast during the fourth quarter worth approximately $28,000. Finally, Safe Harbor Fiduciary LLC acquired a new stake in Comcast during the third quarter worth approximately $30,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on CMCSA shares. Wells Fargo & Company cut their target price on shares of Comcast from $45.00 to $37.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Bank of America lowered shares of Comcast from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $50.00 to $38.00 in a research report on Friday, January 31st. Rosenblatt Securities cut their target price on shares of Comcast from $45.00 to $36.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Loop Capital cut their target price on shares of Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, January 2nd. Finally, Citigroup dropped their price objective on shares of Comcast from $47.00 to $44.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, Comcast currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.83.

Comcast Stock Performance

CMCSA opened at $35.19 on Thursday. The stock has a market cap of $133.05 billion, a PE ratio of 8.48, a P/E/G 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 1 year low of $32.50 and a 1 year high of $45.31. The stock’s 50 day simple moving average is $36.02 and its 200-day simple moving average is $39.26.

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

Comcast Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, April 2nd. This is a boost from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.75%. Comcast’s payout ratio is currently 31.81%.

About Comcast

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.