Fjarde AP Fonden Fourth Swedish National Pension Fund Has $35.52 Million Position in Comcast Co. (NASDAQ:CMCSA)

Fjarde AP Fonden Fourth Swedish National Pension Fund trimmed its position in shares of Comcast Co. (NASDAQ:CMCSA) by 1.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 946,491 shares of the cable giant’s stock after selling 17,700 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Comcast were worth $35,522,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of CMCSA. Winch Advisory Services LLC raised its stake in shares of Comcast by 269.9% during the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after purchasing an additional 502 shares during the period. Safe Harbor Fiduciary LLC bought a new stake in shares of Comcast during the 3rd quarter worth $30,000. Roxbury Financial LLC bought a new stake in shares of Comcast during the 4th quarter worth $27,000. Wingate Wealth Advisors Inc. bought a new stake in Comcast in the 4th quarter valued at about $28,000. Finally, Dunhill Financial LLC raised its stake in Comcast by 54.8% in the 3rd quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock valued at $34,000 after acquiring an additional 288 shares during the period. 84.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CMCSA. Morgan Stanley reduced their target price on Comcast from $45.00 to $38.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Seaport Res Ptn upgraded shares of Comcast from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. Macquarie reduced their price target on shares of Comcast from $42.00 to $36.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Evercore ISI upgraded shares of Comcast to a “strong-buy” rating in a report on Thursday, November 21st. Finally, Benchmark cut their target price on shares of Comcast from $57.00 to $55.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Comcast currently has a consensus rating of “Moderate Buy” and an average target price of $43.83.

Insider Activity

In other news, President Michael J. Cavanagh sold 25,537 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the sale, the president now directly owns 534,849 shares of the company’s stock, valued at $22,779,218.91. This represents a 4.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brian L. Roberts sold 234,464 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total value of $10,002,234.24. Following the sale, the chief executive officer now directly owns 6,669,928 shares in the company, valued at $284,539,128.48. This trade represents a 3.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.26% of the company’s stock.

Comcast Price Performance

CMCSA opened at $36.26 on Friday. The stock has a 50-day moving average price of $36.58 and a 200-day moving average price of $39.58. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. The firm has a market cap of $137.08 billion, a PE ratio of 8.74, a P/E/G ratio of 1.78 and a beta of 1.00. Comcast Co. has a 1 year low of $32.50 and a 1 year high of $45.31.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, topping the consensus estimate of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. Sell-side analysts predict that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be paid a dividend of $0.33 per share. This is an increase from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date is Wednesday, April 2nd. Comcast’s payout ratio is currently 29.88%.

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.