Swedbank AB Has $86.96 Million Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Swedbank AB increased its stake in Comcast Co. (NASDAQ:CMCSA) by 2.2% during the third quarter, HoldingsChannel reports. The firm owned 2,081,809 shares of the cable giant’s stock after acquiring an additional 45,327 shares during the period. Swedbank AB’s holdings in Comcast were worth $86,957,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CMCSA. Fairscale Capital LLC acquired a new stake in shares of Comcast in the second quarter worth $26,000. McClarren Financial Advisors Inc. boosted its position in Comcast by 365.4% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after acquiring an additional 570 shares during the period. Iron Horse Wealth Management LLC boosted its position in Comcast by 220.3% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock worth $32,000 after acquiring an additional 522 shares during the period. IAG Wealth Partners LLC increased its holdings in shares of Comcast by 204.7% in the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 522 shares during the period. Finally, Archer Investment Corp lifted its position in shares of Comcast by 177.1% in the second quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock worth $32,000 after purchasing an additional 519 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Down 0.1 %

Shares of CMCSA stock opened at $43.47 on Monday. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a fifty day moving average price of $41.98 and a 200 day moving average price of $40.05. The stock has a market cap of $166.34 billion, a P/E ratio of 11.69, a price-to-earnings-growth ratio of 1.65 and a beta of 1.00. Comcast Co. has a one year low of $36.43 and a one year high of $47.11.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping the consensus estimate of $1.06 by $0.06. The business had revenue of $32.07 billion for the quarter, compared to the consensus estimate of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. During the same period in the previous year, the business earned $1.08 EPS. Comcast’s revenue was up 6.5% compared to the same quarter last year. Analysts predict that Comcast Co. will post 4.26 earnings per share for the current year.

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 2.85%. The ex-dividend date is Wednesday, January 8th. Comcast’s payout ratio is presently 33.33%.

Analysts Set New Price Targets

A number of research analysts recently commented on CMCSA shares. Evercore ISI raised shares of Comcast to a “strong-buy” rating in a research report on Thursday. Barclays upped their price target on shares of Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Macquarie lifted their price objective on Comcast from $40.00 to $42.00 and gave the company a “neutral” rating in a research report on Monday, November 18th. Rosenblatt Securities restated a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a report on Wednesday, November 6th. Finally, Benchmark reissued a “buy” rating and set a $60.00 target price on shares of Comcast in a research report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $47.19.

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.