Lansforsakringar Fondforvaltning AB publ Acquires 135,317 Shares of Comcast Corporation $CMCSA

Lansforsakringar Fondforvaltning AB publ boosted its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 11.1% during the first quarter, Holdings Channel.com reports. The institutional investor owned 1,351,163 shares of the cable giant’s stock after acquiring an additional 135,317 shares during the quarter. Lansforsakringar Fondforvaltning AB publ’s holdings in Comcast were worth $38,792,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Imprint Wealth LLC acquired a new position in shares of Comcast during the 3rd quarter worth approximately $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in Comcast during the 4th quarter valued at $27,000. United Financial Planning Group LLC acquired a new stake in Comcast during the 3rd quarter valued at $28,000. Olistico Wealth LLC bought a new position in Comcast during the fourth quarter worth $29,000. Finally, Richardson Financial Services Inc. increased its holdings in shares of Comcast by 212.6% in the fourth quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 691 shares during the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. UBS Group reissued a “neutral” rating on shares of Comcast in a research report on Tuesday, June 23rd. Evercore lifted their target price on shares of Comcast from $35.00 to $36.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Citigroup decreased their price target on shares of Comcast from $35.50 to $32.00 and set a “buy” rating on the stock in a research note on Monday. KeyCorp reissued a “sector weight” rating on shares of Comcast in a report on Thursday, April 23rd. Finally, Wall Street Zen upgraded shares of Comcast to a “hold” rating in a research report on Saturday, March 14th. Nine equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $34.32.

Comcast Trading Up 4.4%

CMCSA stock opened at $24.19 on Tuesday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.87 and a current ratio of 0.87. The company’s 50-day simple moving average is $25.19 and its 200 day simple moving average is $28.02. Comcast Corporation has a 52 week low of $22.13 and a 52 week high of $36.66. The company has a market capitalization of $86.41 billion, a PE ratio of 4.76, a price-to-earnings-growth ratio of 1.89 and a beta of 0.68.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.06. The business had revenue of $31.46 billion during the quarter, compared to analysts’ expectations of $30.42 billion. Comcast had a net margin of 15.00% and a return on equity of 15.47%. The business’s revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.09 EPS. As a group, sell-side analysts anticipate that Comcast Corporation will post 3.53 earnings per share for the current year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 1st will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $1.32 annualized dividend and a dividend yield of 5.5%. Comcast’s dividend payout ratio (DPR) is currently 25.98%.

More Comcast News

Here are the key news stories impacting Comcast this week:

• Positive Sentiment: Comcast announced a tax-free spinoff that will create two independent public companies, giving shareholders stakes in both the connectivity business and the media/entertainment business. Reuters: Comcast to split cable business from media in NBCUniversal, Sky spinoff
• Positive Sentiment: The split is seen as a potential catalyst for higher valuations, since each new company can be priced on its own growth and cash-flow profile rather than as a bundled media-and-telecom conglomerate. Barrons: Comcast Spinoff Could Spark Next Wave of Media Deals
• Positive Sentiment: Market commentary noted unusually heavy call-option buying and strong trading volume, signaling traders are positioning for further upside after the announcement. Benzinga: Comcast Stock Soars On Split News, Does Disney Need To Make A Similar Move?
• Neutral Sentiment: Analysts also highlighted that the transaction could encourage more media-sector M&A and strategic restructuring, though the near-term benefit depends on execution and regulatory approval. CNBC: Comcast’s NBCUniversal spinoff raises hope for more deals
• Negative Sentiment: The company still faces structural challenges in its legacy pay-TV and media businesses, and the spinoff does not eliminate competitive pressure from streaming and telecom rivals. WSJ: Comcast to Split Media and Tech Businesses Into Two Separate Companies

About Comcast

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.