Skandinaviska Enskilda Banken AB publ Buys 85,061 Shares of Comcast Corporation $CMCSA

Skandinaviska Enskilda Banken AB publ increased its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 6.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,362,938 shares of the cable giant’s stock after purchasing an additional 85,061 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Comcast were worth $42,803,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Cape Investment Advisory Inc. raised its stake in Comcast by 2.6% during the 2nd quarter. Cape Investment Advisory Inc. now owns 12,275 shares of the cable giant’s stock valued at $438,000 after buying an additional 307 shares during the last quarter. Coign Capital Advisors LLC grew its holdings in shares of Comcast by 2.1% in the second quarter. Coign Capital Advisors LLC now owns 15,919 shares of the cable giant’s stock worth $568,000 after acquiring an additional 324 shares during the period. OneAscent Family Office LLC increased its position in Comcast by 4.9% during the second quarter. OneAscent Family Office LLC now owns 7,048 shares of the cable giant’s stock valued at $252,000 after acquiring an additional 332 shares during the last quarter. Titleist Asset Management LLC lifted its holdings in Comcast by 4.7% in the second quarter. Titleist Asset Management LLC now owns 7,618 shares of the cable giant’s stock valued at $272,000 after acquiring an additional 342 shares during the period. Finally, Lakeshore Capital Group Inc. boosted its position in Comcast by 2.6% in the third quarter. Lakeshore Capital Group Inc. now owns 13,636 shares of the cable giant’s stock worth $428,000 after purchasing an additional 343 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

Shares of NASDAQ CMCSA opened at $31.57 on Tuesday. The stock has a market cap of $113.58 billion, a PE ratio of 5.88, a price-to-earnings-growth ratio of 2.41 and a beta of 0.81. Comcast Corporation has a 1 year low of $25.75 and a 1 year high of $37.97. The firm has a fifty day moving average price of $29.37 and a 200-day moving average price of $30.06. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, January 29th. The cable giant reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.09. Comcast had a net margin of 16.17% and a return on equity of 16.86%. The company had revenue of $32.31 billion during the quarter, compared to the consensus estimate of $32.35 billion. During the same quarter in the prior year, the firm posted $0.96 EPS. Comcast’s quarterly revenue was up 1.2% compared to the same quarter last year. Equities analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 1st will be paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.2%. Comcast’s dividend payout ratio is 24.58%.

Insider Activity

In other Comcast news, CEO Michael J. Cavanagh sold 57,947 shares of the company’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $32.66, for a total value of $1,892,549.02. Following the completion of the transaction, the chief executive officer directly owned 622,336 shares in the company, valued at $20,325,493.76. This represents a 8.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.26% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on CMCSA. BNP Paribas Exane reaffirmed a “neutral” rating on shares of Comcast in a research report on Tuesday, January 27th. Benchmark reduced their target price on shares of Comcast from $46.00 to $44.00 and set a “buy” rating for the company in a report on Monday, January 5th. Williams Trading set a $40.00 price target on shares of Comcast in a research note on Friday, October 31st. Moffett Nathanson cut their price objective on shares of Comcast from $58.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, November 13th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Comcast from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Friday, January 30th. Ten research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $34.90.

About Comcast

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.