Danica Pension Livsforsikringsaktieselskab Invests $9.97 Million in Comcast Corporation $CMCSA

Danica Pension Livsforsikringsaktieselskab purchased a new position in Comcast Corporation (NASDAQ:CMCSA) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 347,361 shares of the cable giant’s stock, valued at approximately $9,973,000.

A number of other large investors have also added to or reduced their stakes in the stock. Brighton Jones LLC raised its stake in shares of Comcast by 150.9% in the fourth quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock worth $6,240,000 after purchasing an additional 99,986 shares during the last quarter. Voya Financial Advisors Inc. raised its position in Comcast by 3.2% in the 2nd quarter. Voya Financial Advisors Inc. now owns 83,883 shares of the cable giant’s stock worth $2,963,000 after buying an additional 2,593 shares during the last quarter. United Bank boosted its holdings in shares of Comcast by 11.3% during the 2nd quarter. United Bank now owns 42,216 shares of the cable giant’s stock valued at $1,507,000 after acquiring an additional 4,290 shares during the last quarter. HUB Investment Partners LLC grew its stake in shares of Comcast by 119.4% in the second quarter. HUB Investment Partners LLC now owns 16,974 shares of the cable giant’s stock worth $606,000 after acquiring an additional 9,236 shares during the period. Finally, Diversify Advisory Services LLC grew its stake in shares of Comcast by 66.8% in the second quarter. Diversify Advisory Services LLC now owns 39,607 shares of the cable giant’s stock worth $1,414,000 after acquiring an additional 15,865 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Key Comcast News

Here are the key news stories impacting Comcast this week:

• Positive Sentiment: Universal Pictures’ The Odyssey delivered a strong global opening, highlighting a bright spot for Comcast’s media business and showing that the company can still produce major box-office hits. Article: Comcast’s Universal Pictures Nets $264.1 Million Global Opening for ‘The Odyssey’
• Positive Sentiment: The film’s strong premium-theater performance and IMAX-related enthusiasm suggest some support for Comcast’s entertainment segment and broader recovery hopes. Article: IMAX, CMCSA Rise Premarket: Christopher Nolan’s ‘The Odyssey’ Notches Epic Box Office Opening
• Neutral Sentiment: Analysts are focusing on Comcast’s Q2 report for signs of stabilization in broadband, media, and theme parks, with investors waiting to see whether core business pressures are easing. Article: Comcast Gears Up to Report Q2 Earnings: What’s in the Cards?
• Neutral Sentiment: Comcast is also getting broader market attention, but this appears to be more of a visibility story than a fundamental shift. Article: Comcast (NASDAQ:CMCSA) Draws Fresh Nasdaq Composite Attention
• Negative Sentiment: Comcast’s broadband business remains under pressure and is the main reason investors are not rewarding the stock more for the movie success, since it is still seen as the key earnings risk ahead of results. Article: Why ‘The Odyssey’ Box Office Success Isn’t Lifting Comcast Stock
• Negative Sentiment: Royal Bank of Canada cut its price target on CMCSA from $32 to $27, signaling more cautious expectations for the stock even while maintaining a sector perform rating. Article: Comcast price target lowered by Royal Bank Of Canada

Comcast Stock Up 0.1%

Shares of CMCSA stock opened at $23.81 on Wednesday. Comcast Corporation has a 12 month low of $22.13 and a 12 month high of $36.01. The stock has a market cap of $85.05 billion, a P/E ratio of 4.69, a P/E/G ratio of 1.96 and a beta of 0.67. 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 company has a 50 day simple moving average of $23.96 and a two-hundred day simple moving average of $27.40.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.06. Comcast had a net margin of 15.00% and a return on equity of 15.47%. The business had revenue of $31.46 billion for the quarter, compared to analysts’ expectations of $30.42 billion. During the same quarter last year, the company posted $1.09 EPS. The company’s revenue was up 5.3% compared to the same quarter last year. On average, research analysts expect that Comcast Corporation will post 3.48 earnings per share for the current year.

Comcast Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 1st will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, July 1st. This represents a $1.32 annualized dividend and a yield of 5.5%. Comcast’s payout ratio is 25.98%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Seaport Research Partners upgraded shares of Comcast from a “neutral” rating to a “buy” rating in a report on Thursday, July 2nd. Evercore increased their price target on Comcast from $35.00 to $36.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Scotiabank dropped their price target on Comcast from $36.00 to $32.75 and set a “sector perform” rating on the stock in a research note on Wednesday, July 15th. Wells Fargo & Company cut their price objective on Comcast from $29.00 to $28.00 and set an “underweight” rating for the company in a report on Tuesday, July 7th. Finally, Moffett Nathanson reduced their price objective on Comcast from $53.00 to $52.00 and set a “buy” rating for the company in a research report on Tuesday, June 16th. Eleven investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $33.45.

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.