Livforsakringsbolaget Skandia Omsesidigt Sells 1,000 Shares of Comcast Co. (NASDAQ:CMCSA)

Livforsakringsbolaget Skandia Omsesidigt lowered its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 0.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 221,018 shares of the cable giant’s stock after selling 1,000 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Comcast were worth $8,295,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of CMCSA. FMR LLC lifted its stake in shares of Comcast by 5.4% in the 3rd quarter. FMR LLC now owns 117,420,328 shares of the cable giant’s stock valued at $4,904,647,000 after purchasing an additional 6,062,658 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Comcast by 1.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,871,235 shares of the cable giant’s stock valued at $1,331,192,000 after buying an additional 416,759 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Comcast by 6.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 30,364,136 shares of the cable giant’s stock worth $1,268,310,000 after buying an additional 1,717,762 shares during the period. Ontario Teachers Pension Plan Board increased its stake in shares of Comcast by 5.4% in the 3rd quarter. Ontario Teachers Pension Plan Board now owns 15,983,230 shares of the cable giant’s stock worth $667,620,000 after acquiring an additional 822,936 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its stake in Comcast by 4.8% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 14,918,501 shares of the cable giant’s stock worth $623,146,000 after acquiring an additional 676,920 shares in the last quarter. 84.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Pivotal Research lifted their target price on shares of Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a report on Friday, November 1st. KeyCorp boosted their target price on Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted their price target on Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Loop Capital cut their price objective on shares of Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a research report on Thursday, January 2nd. Finally, Seaport Res Ptn raised shares of Comcast from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Ten investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $44.13.

Comcast Trading Up 1.6 %

Shares of CMCSA stock opened at $34.47 on Friday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.72. The company has a market cap of $131.90 billion, a price-to-earnings ratio of 8.31, a PEG ratio of 1.23 and a beta of 1.00. Comcast Co. has a 1 year low of $32.50 and a 1 year high of $45.31. The firm has a fifty day moving average price of $38.05 and a 200-day moving average price of $39.93.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. As a group, equities analysts predict that Comcast Co. will post 4.4 earnings per share for the current 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 given a $0.33 dividend. This is a positive change from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date of this dividend is Wednesday, April 2nd. Comcast’s dividend payout ratio is presently 29.88%.

Insider Activity

In other Comcast news, CEO Brian L. Roberts sold 234,464 shares of the firm’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 transaction of $10,002,234.24. Following the completion of the transaction, the chief executive officer now owns 6,669,928 shares in the company, valued at $284,539,128.48. This trade represents a 3.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, 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 value of $1,087,620.83. Following the sale, the president now directly owns 534,849 shares in the company, valued at $22,779,218.91. This trade represents a 4.56 % 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 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.