Comcast Co. (NASDAQ:CMCSA) Shares Purchased by Handelsbanken Fonder AB

Handelsbanken Fonder AB raised its holdings in Comcast Co. (NASDAQ:CMCSA) by 6.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 1,851,457 shares of the cable giant’s stock after acquiring an additional 111,779 shares during the period. Handelsbanken Fonder AB’s holdings in Comcast were worth $77,335,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Tortoise Investment Management LLC boosted its position in shares of Comcast by 4.5% in the 4th quarter. Tortoise Investment Management LLC now owns 5,801 shares of the cable giant’s stock valued at $254,000 after purchasing an additional 249 shares during the period. Greenwich Wealth Management LLC increased its position in shares of Comcast by 2.7% in the second quarter. Greenwich Wealth Management LLC now owns 9,754 shares of the cable giant’s stock worth $382,000 after acquiring an additional 261 shares in the last quarter. Verum Partners LLC raised its holdings in shares of Comcast by 4.9% during the second quarter. Verum Partners LLC now owns 5,663 shares of the cable giant’s stock valued at $222,000 after acquiring an additional 267 shares during the period. Mcdonald Partners LLC raised its holdings in shares of Comcast by 1.4% during the first quarter. Mcdonald Partners LLC now owns 19,591 shares of the cable giant’s stock valued at $849,000 after acquiring an additional 270 shares during the period. Finally, Plancorp LLC lifted its position in shares of Comcast by 0.4% in the 2nd quarter. Plancorp LLC now owns 74,725 shares of the cable giant’s stock valued at $2,926,000 after acquiring an additional 277 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. The Goldman Sachs Group initiated coverage on Comcast in a research note on Tuesday, June 25th. They issued a “buy” rating and a $44.00 price objective for the company. Barclays decreased their price target on shares of Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a report on Thursday, July 25th. KeyCorp dropped 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. Seaport Res Ptn downgraded shares of Comcast from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 24th. Finally, Macquarie restated a “neutral” rating and set a $40.00 price target on shares of Comcast in a report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $45.58.

Comcast Stock Performance

Comcast stock traded up $0.38 during mid-day trading on Friday, reaching $41.19. The company had a trading volume of 13,697,490 shares, compared to its average volume of 19,890,191. The company has a 50 day moving average of $39.94 and a 200-day moving average of $39.54. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.11. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.16. The firm has a market cap of $161.61 billion, a price-to-earnings ratio of 10.90, a PEG ratio of 1.08 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last announced 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 company had revenue of $29.69 billion during the quarter, compared to the consensus estimate of $30.02 billion. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The company’s quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter last year, the company earned $1.13 EPS. On average, sell-side analysts expect that Comcast Co. will post 4.23 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date is Wednesday, October 2nd. Comcast’s payout ratio is 32.80%.

Comcast Company 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.