Varma Mutual Pension Insurance Co Has $22.91 Million Stock Position in Comcast Corporation $CMCSA

Varma Mutual Pension Insurance Co increased its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 24.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 766,294 shares of the cable giant’s stock after purchasing an additional 152,600 shares during the period. Varma Mutual Pension Insurance Co’s holdings in Comcast were worth $22,905,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Comcast by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 369,311,219 shares of the cable giant’s stock valued at $11,038,712,000 after purchasing an additional 2,160,829 shares in the last quarter. State Street Corp lifted its stake in Comcast by 4.6% in the 3rd quarter. State Street Corp now owns 180,687,135 shares of the cable giant’s stock valued at $5,677,190,000 after purchasing an additional 7,917,335 shares during the last quarter. Dodge & Cox boosted its position in Comcast by 1.2% in the third quarter. Dodge & Cox now owns 112,567,918 shares of the cable giant’s stock valued at $3,536,884,000 after buying an additional 1,295,598 shares in the last quarter. Capital Research Global Investors boosted its position in Comcast by 46.1% in the third quarter. Capital Research Global Investors now owns 33,706,330 shares of the cable giant’s stock valued at $1,059,053,000 after buying an additional 10,633,206 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in shares of Comcast by 2.9% during the third quarter. Legal & General Group Plc now owns 24,104,774 shares of the cable giant’s stock worth $757,372,000 after buying an additional 686,520 shares during the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Price Performance

CMCSA stock opened at $27.17 on Monday. The company has a market capitalization of $97.04 billion, a P/E ratio of 5.35, a PEG ratio of 2.19 and a beta of 0.71. The company has a fifty day moving average price of $29.39 and a 200-day moving average price of $28.99. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.87 and a current ratio of 0.87. Comcast Corporation has a 52-week low of $25.75 and a 52-week high of $36.66.

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 company had revenue of $31.46 billion for 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%. Comcast’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.09 earnings per share. As a group, equities analysts expect that Comcast Corporation will post 3.58 EPS for the current year.

Insider Buying and Selling

In related news, CEO Michael J. Cavanagh sold 57,947 shares of the company’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $32.66, for a total transaction of $1,892,549.02. Following the sale, the chief executive officer owned 622,336 shares in the company, valued at $20,325,493.76. This represents a 8.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CMCSA. Scotiabank upped their price target on shares of Comcast from $34.00 to $36.00 and gave the stock a “sector perform” rating in a report on Friday, April 24th. Citigroup raised their price objective on Comcast from $33.00 to $35.50 and gave the company a “buy” rating in a report on Friday, April 24th. Morgan Stanley boosted their price objective on Comcast from $31.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Friday, April 24th. Rosenblatt Securities reiterated a “neutral” rating and issued a $30.00 target price on shares of Comcast in a research report on Friday, January 30th. Finally, Sanford C. Bernstein cut their price target on Comcast from $34.00 to $32.00 and set a “market perform” rating on the stock in a research note on Thursday, January 15th. Eight equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $34.94.

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.