Handelsbanken Fonder AB Purchases 164,902 Shares of Comcast Corporation $CMCSA

Handelsbanken Fonder AB boosted its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 9.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,961,171 shares of the cable giant’s stock after purchasing an additional 164,902 shares during the period. Handelsbanken Fonder AB owned about 0.05% of Comcast worth $69,994,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CMCSA. Cranbrook Wealth Management LLC raised its holdings in shares of Comcast by 86.0% in the second quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock worth $27,000 after buying an additional 350 shares during the period. Global Trust Asset Management LLC increased its stake in Comcast by 906.8% in the second quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock worth $27,000 after purchasing an additional 671 shares during the period. Avalon Trust Co lifted its position in shares of Comcast by 433.3% during the second quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock worth $27,000 after purchasing an additional 624 shares during the last quarter. Ransom Advisory Ltd purchased a new stake in shares of Comcast during the first quarter valued at $29,000. Finally, Princeton Global Asset Management LLC grew its holdings in shares of Comcast by 403.5% in the second quarter. Princeton Global Asset Management LLC now owns 856 shares of the cable giant’s stock worth $31,000 after purchasing an additional 686 shares during the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Zacks Research lowered shares of Comcast from a “hold” rating to a “strong sell” rating in a report on Monday, November 10th. Rosenblatt Securities decreased their price target on shares of Comcast from $38.00 to $33.00 and set a “neutral” rating for the company in a research note on Friday, October 17th. BNP Paribas upgraded Comcast from an “underperform” rating to a “neutral” rating and set a $28.00 price target for the company in a report on Tuesday, November 4th. Scotiabank dropped their price objective on Comcast from $45.50 to $41.50 and set a “sector perform” rating on the stock in a research note on Friday, October 31st. Finally, BNP Paribas Exane upgraded Comcast from an “underperform” rating to a “neutral” rating and set a $28.00 price objective on the stock in a report on Tuesday, November 4th. Eleven research analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $35.92.

Comcast Stock Performance

Shares of CMCSA stock opened at $26.63 on Friday. The firm has a market cap of $97.04 billion, a price-to-earnings ratio of 4.43, a PEG ratio of 1.84 and a beta of 0.92. Comcast Corporation has a 52-week low of $25.75 and a 52-week high of $44.03. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.96. The company’s 50 day moving average is $29.59 and its 200 day moving average is $32.68.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share for the quarter. Comcast had a return on equity of 18.06% and a net margin of 18.33%.The company had revenue of $30.34 billion during the quarter. On average, sell-side analysts anticipate that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 14th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, January 14th. This represents a $1.32 dividend on an annualized basis and a yield of 5.0%. Comcast’s dividend payout ratio (DPR) is presently 21.96%.

About Comcast

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.