Skandinaviska Enskilda Banken AB publ Increases Stake in Comcast Co. (NASDAQ:CMCSA)

Skandinaviska Enskilda Banken AB publ grew its position in shares of Comcast Co. (NASDAQ:CMCSA) by 32.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,077,132 shares of the cable giant’s stock after buying an additional 261,160 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Comcast were worth $42,197,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in CMCSA. Gilbert & Cook Inc. increased its holdings in shares of Comcast by 10.3% in the 4th quarter. Gilbert & Cook Inc. now owns 15,613 shares of the cable giant’s stock valued at $685,000 after purchasing an additional 1,459 shares in the last quarter. Gryphon Financial Partners LLC increased its holdings in shares of Comcast by 71.7% in the 4th quarter. Gryphon Financial Partners LLC now owns 50,539 shares of the cable giant’s stock valued at $2,451,000 after purchasing an additional 21,112 shares in the last quarter. Quest Partners LLC acquired a new stake in Comcast in the 4th quarter valued at about $671,000. Tidemark LLC acquired a new stake in Comcast in the 4th quarter valued at about $51,000. Finally, Frazier Financial Advisors LLC acquired a new stake in Comcast in the 4th quarter valued at about $54,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CMCSA. KeyCorp lowered their price objective on shares of Comcast from $45.00 to $44.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 24th. Rosenblatt Securities reissued a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a research note on Wednesday, July 24th. Pivotal Research decreased their price target on shares of Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Barclays decreased their price target on shares of Comcast from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 25th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Comcast presently has a consensus rating of “Hold” and an average price target of $45.78.

Comcast Stock Up 1.1 %

CMCSA stock opened at $40.27 on Friday. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.11. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $158.00 billion, a P/E ratio of 10.65, a PEG ratio of 1.03 and a beta of 1.01. The firm has a 50 day simple moving average of $39.53 and a 200-day simple moving average of $39.68.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Tuesday, July 23rd. The cable giant reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. The firm had revenue of $29.69 billion during the quarter, compared to the consensus estimate of $30.02 billion. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The firm’s revenue was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.13 earnings per share. On average, equities research analysts predict that Comcast Co. will post 4.23 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.08%. The ex-dividend date is Wednesday, October 2nd. Comcast’s dividend payout ratio (DPR) is 32.80%.

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.