Comcast Corporation $CMCSA Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB lowered its holdings in Comcast Corporation (NASDAQ:CMCSA) by 5.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,301,501 shares of the cable giant’s stock after selling 82,151 shares during the quarter. Handelsbanken Fonder AB’s holdings in Comcast were worth $31,952,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Constitution Capital LLC acquired a new stake in shares of Comcast during the second quarter valued at about $246,000. Alliance Wealth Advisors LLC boosted its position in shares of Comcast by 3.1% during the 2nd quarter. Alliance Wealth Advisors LLC now owns 16,761 shares of the cable giant’s stock worth $411,000 after purchasing an additional 499 shares during the period. Allied Private Wealth LLC purchased a new position in shares of Comcast during the 2nd quarter worth approximately $26,000. Wealth Science Advisors LLC increased its holdings in Comcast by 7,108.0% in the 2nd quarter. Wealth Science Advisors LLC now owns 21,624 shares of the cable giant’s stock valued at $531,000 after purchasing an additional 21,324 shares during the last quarter. Finally, HF Advisory Group LLC increased its holdings in Comcast by 7.1% in the 2nd quarter. HF Advisory Group LLC now owns 69,989 shares of the cable giant’s stock valued at $1,718,000 after purchasing an additional 4,613 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

CMCSA has been the topic of a number of research reports. Freedom Capital upgraded Comcast to a “hold” rating in a research note on Friday, June 12th. Wells Fargo & Company set a $23.00 price objective on Comcast and gave the company an “underweight” rating in a research note on Friday, July 24th. Scotiabank set a $29.00 price objective on Comcast in a report on Friday, July 24th. Barclays set a $26.00 target price on Comcast and gave the stock an “equal weight” rating in a research note on Friday, July 24th. Finally, Royal Bank Of Canada set a $26.00 target price on Comcast and gave the company a “sector perform” rating in a report on Friday, July 24th. Eleven equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $32.96.

Comcast Stock Up 1.8%

Comcast stock opened at $25.65 on Wednesday. The firm has a market capitalization of $91.02 billion, a P/E ratio of 8.30, a P/E/G ratio of 1.43 and a beta of 0.67. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.94. Comcast Corporation has a twelve month low of $21.28 and a twelve month high of $34.45. The stock’s fifty day simple moving average is $23.70 and its 200-day simple moving average is $26.95.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, July 23rd. The cable giant reported $1.04 EPS for the quarter, topping the consensus estimate of $0.97 by $0.07. Comcast had a return on equity of 14.77% and a net margin of 8.97%.The firm had revenue of $29.94 billion during the quarter, compared to analysts’ expectations of $29.24 billion. During the same period in the previous year, the firm posted $1.25 EPS. Comcast’s revenue for the quarter was down 1.2% on a year-over-year basis. As a group, equities analysts expect that Comcast Corporation will post 3.52 earnings per share for the current fiscal year.

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Wednesday, October 7th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, October 7th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.1%. Comcast’s payout ratio is currently 42.72%.

Comcast Profile

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.