Comcast Corporation (CMCSA) Shares Sold by Tredje AP fonden

Tredje AP fonden trimmed its stake in Comcast Corporation (NASDAQ:CMCSA) by 10.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 657,932 shares of the cable giant’s stock after selling 73,470 shares during the quarter. Comcast Corporation comprises about 1.0% of Tredje AP fonden’s holdings, making the stock its 10th biggest position. Tredje AP fonden’s holdings in Comcast Corporation were worth $25,710,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Biegel & Waller LLC bought a new position in shares of Comcast Corporation in the second quarter valued at $432,000. Penobscot Investment Management Company Inc. lifted its stake in shares of Comcast Corporation by 3.0% in the second quarter. Penobscot Investment Management Company Inc. now owns 98,387 shares of the cable giant’s stock valued at $3,829,000 after buying an additional 2,828 shares in the last quarter. WINTON GROUP Ltd lifted its stake in shares of Comcast Corporation by 573.3% in the first quarter. WINTON GROUP Ltd now owns 219,526 shares of the cable giant’s stock valued at $14,563,000 after buying an additional 186,920 shares in the last quarter. Artisan Partners Limited Partnership lifted its stake in shares of Comcast Corporation by 100.9% in the first quarter. Artisan Partners Limited Partnership now owns 899,227 shares of the cable giant’s stock valued at $33,802,000 after buying an additional 451,551 shares in the last quarter. Finally, Tower Bridge Advisors lifted its stake in shares of Comcast Corporation by 10.1% in the second quarter. Tower Bridge Advisors now owns 142,129 shares of the cable giant’s stock valued at $5,532,000 after buying an additional 13,003 shares in the last quarter. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Corporation (NASDAQ CMCSA) opened at $37.07 on Friday. The firm has a market cap of $173,770.81, a PE ratio of 18.45, a PEG ratio of 1.93 and a beta of 1.00. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.74 and a quick ratio of 0.74. Comcast Corporation has a 12 month low of $33.40 and a 12 month high of $42.18.

Comcast Corporation (NASDAQ:CMCSA) last posted its earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.03. The firm had revenue of $20.98 billion during the quarter, compared to the consensus estimate of $21.05 billion. Comcast Corporation had a net margin of 11.99% and a return on equity of 17.17%. The company’s revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the company earned $0.92 earnings per share. equities research analysts expect that Comcast Corporation will post 2.06 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 3rd will be paid a $0.157 dividend. The ex-dividend date of this dividend is Tuesday, January 2nd. This represents a $0.63 annualized dividend and a dividend yield of 1.69%. Comcast Corporation’s payout ratio is 30.36%.

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A number of research analysts have weighed in on the stock. OTR Global lowered shares of Comcast Corporation to a “positive” rating in a research note on Monday, October 30th. Nomura dropped their price objective on shares of Comcast Corporation from $46.00 to $42.00 and set a “buy” rating on the stock in a research note on Friday, October 27th. Barclays PLC dropped their price target on shares of Comcast Corporation from $44.00 to $41.00 and set an “overweight” rating on the stock in a research report on Friday, October 27th. Pivotal Research raised their price target on shares of Comcast Corporation from $48.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, October 27th. Finally, Wells Fargo & Company reissued a “buy” rating and set a $49.00 price target on shares of Comcast Corporation in a research report on Monday, October 23rd. Three research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $45.84.

In other news, EVP Arthur R. Block sold 4,091 shares of Comcast Corporation stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $38.36, for a total value of $156,930.76. Following the completion of the transaction, the executive vice president now owns 68,478 shares in the company, valued at $2,626,816.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kenneth J. Bacon sold 2,232 shares of Comcast Corporation stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $37.27, for a total transaction of $83,186.64. Following the completion of the transaction, the director now owns 24,580 shares of the company’s stock, valued at approximately $916,096.60. The disclosure for this sale can be found here. 1.28% of the stock is owned by company insiders.

Comcast Corporation Company Profile

Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.

Institutional Ownership by Quarter for Comcast Corporation (NASDAQ:CMCSA)

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