Nykredit A S Acquires Shares of 7,545,279 Comcast Corporation $CMCSA

Nykredit A S acquired a new stake in Comcast Corporation (NASDAQ:CMCSA) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 7,545,279 shares of the cable giant’s stock, valued at approximately $185,237,000. Nykredit A S owned 0.21% of Comcast at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new stake in Comcast during the 4th quarter worth $2,498,626,000. Capital World Investors increased its stake in Comcast by 20.8% in the fourth quarter. Capital World Investors now owns 140,343,399 shares of the cable giant’s stock valued at $4,194,929,000 after purchasing an additional 24,166,881 shares during the period. Capital Research Global Investors raised its holdings in shares of Comcast by 65.1% in the fourth quarter. Capital Research Global Investors now owns 55,664,933 shares of the cable giant’s stock valued at $1,663,825,000 after buying an additional 21,958,603 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Comcast by 824.4% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 11,616,490 shares of the cable giant’s stock worth $333,509,000 after buying an additional 10,359,800 shares during the last quarter. Finally, State Street Corp grew its holdings in shares of Comcast by 4.6% during the third quarter. State Street Corp now owns 180,687,135 shares of the cable giant’s stock worth $5,677,190,000 after buying an additional 7,917,335 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

Shares of CMCSA opened at $26.81 on Thursday. Comcast Corporation has a 1 year low of $21.28 and a 1 year high of $34.45. The company’s 50 day simple moving average is $24.71 and its 200 day simple moving average is $26.52. The company has a market capitalization of $95.14 billion, a price-to-earnings ratio of 8.68, a PEG ratio of 1.87 and a beta of 0.68. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.80 and a current ratio of 0.80.

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 net margin of 8.97% and a return on equity of 14.77%. 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 company earned $1.25 EPS. Comcast’s revenue for the quarter was down 1.2% on a year-over-year basis. On average, sell-side analysts predict that Comcast Corporation will post 3.52 EPS for the current year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Investors of record on Wednesday, October 7th will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, October 7th. This represents a $1.32 annualized dividend and a yield of 4.9%. Comcast’s dividend payout ratio is 42.72%.

Analyst Ratings Changes

CMCSA has been the topic of a number of recent analyst reports. Royal Bank Of Canada set a $26.00 price target on shares of Comcast and gave the stock a “sector perform” rating in a research note on Friday, July 24th. Morgan Stanley set a $29.00 price target on Comcast in a research note on Friday, July 24th. Moffett Nathanson dropped their price objective on shares of Comcast from $53.00 to $52.00 and set a “buy” rating for the company in a research note on Tuesday, June 16th. Deutsche Bank Aktiengesellschaft upgraded Comcast from a “hold” rating to a “buy” rating and cut their price objective for the stock from $34.00 to $32.00 in a research report on Tuesday, June 30th. Finally, Citigroup reduced their target price on Comcast from $35.50 to $32.00 and set a “buy” rating on the stock in a research note on Monday, June 29th. Eleven analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $32.96.

Comcast Company 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.