Securian Asset Management Inc. Has $2.95 Million Stake in Comcast Corporation $CMCSA

Securian Asset Management Inc. trimmed its position in Comcast Corporation (NASDAQ:CMCSA) by 44.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 98,827 shares of the cable giant’s stock after selling 79,029 shares during the quarter. Securian Asset Management Inc.’s holdings in Comcast were worth $2,954,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Comcast by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 369,311,219 shares of the cable giant’s stock worth $11,038,712,000 after purchasing an additional 2,160,829 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Comcast by 9.7% during the third quarter. Principal Financial Group Inc. now owns 7,536,937 shares of the cable giant’s stock valued at $236,810,000 after acquiring an additional 665,635 shares during the period. Ashton Thomas Private Wealth LLC lifted its stake in shares of Comcast by 75.3% during the third quarter. Ashton Thomas Private Wealth LLC now owns 340,764 shares of the cable giant’s stock valued at $10,707,000 after acquiring an additional 146,339 shares during the period. Rothschild & Co Wealth Management UK Ltd lifted its stake in shares of Comcast by 1.0% during the third quarter. Rothschild & Co Wealth Management UK Ltd now owns 11,327,445 shares of the cable giant’s stock valued at $355,908,000 after acquiring an additional 113,461 shares during the period. Finally, Candriam S.C.A. lifted its stake in Comcast by 3.5% in the third quarter. Candriam S.C.A. now owns 952,154 shares of the cable giant’s stock valued at $29,917,000 after buying an additional 32,262 shares during the period. 84.32% of the stock is currently owned by institutional investors.

Insider Activity at Comcast

In other Comcast news, CEO Michael J. Cavanagh sold 57,947 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer owned 622,336 shares in the company, valued at approximately $20,325,493.76. The trade was a 8.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.40% of the company’s stock.

Comcast Price Performance

Comcast stock opened at $25.39 on Monday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.87 and a current ratio of 0.87. Comcast Corporation has a 52 week low of $25.35 and a 52 week high of $36.66. The stock has a market capitalization of $90.71 billion, a P/E ratio of 5.00, a price-to-earnings-growth ratio of 2.04 and a beta of 0.71. The stock has a fifty day moving average of $29.08 and a 200-day moving average of $28.93.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.06. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The company had revenue of $31.46 billion during the quarter, compared to analysts’ expectations of $30.42 billion. During the same quarter in the previous year, the firm earned $1.09 EPS. Comcast’s revenue was up 5.3% on a year-over-year basis. On average, sell-side analysts expect that Comcast Corporation will post 3.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on CMCSA. UBS Group cut their target price on Comcast from $36.00 to $32.00 and set a “neutral” rating on the stock in a research note on Friday, January 30th. Deutsche Bank Aktiengesellschaft downgraded Comcast from a “buy” rating to a “hold” rating and set a $34.00 price objective for the company. in a report on Friday, April 24th. Morgan Stanley raised their price target on Comcast from $31.00 to $33.00 and gave the company an “equal weight” rating in a research note on Friday, April 24th. Evercore lifted their target price on Comcast from $35.00 to $36.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Finally, Bank of America upgraded Comcast from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $31.00 to $37.00 in a research note on Monday, January 12th. Eight analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $34.94.

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.