Comcast Co. (NASDAQ:CMCSA) Shares Sold by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund trimmed its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 1.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 946,491 shares of the cable giant’s stock after selling 17,700 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Comcast were worth $35,522,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in CMCSA. MONECO Advisors LLC grew its stake in Comcast by 21.9% in the 4th quarter. MONECO Advisors LLC now owns 7,877 shares of the cable giant’s stock valued at $296,000 after buying an additional 1,413 shares during the last quarter. Howard Capital Management Inc. boosted its position in shares of Comcast by 3.2% during the 4th quarter. Howard Capital Management Inc. now owns 126,353 shares of the cable giant’s stock valued at $4,742,000 after acquiring an additional 3,910 shares in the last quarter. Wealthspire Advisors LLC lifted its holdings in Comcast by 29.4% during the 4th quarter. Wealthspire Advisors LLC now owns 64,728 shares of the cable giant’s stock valued at $2,429,000 after purchasing an additional 14,696 shares during the last quarter. TCW Group Inc. lifted its holdings in Comcast by 17.4% during the 4th quarter. TCW Group Inc. now owns 1,419,292 shares of the cable giant’s stock valued at $53,266,000 after purchasing an additional 210,020 shares during the last quarter. Finally, Fisher Funds Management LTD bought a new position in shares of Comcast in the fourth quarter worth about $25,951,000. 84.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CMCSA has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a report on Friday, November 1st. The Goldman Sachs Group cut their price objective on shares of Comcast from $50.00 to $44.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Rosenblatt Securities dropped their price target on shares of Comcast from $45.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Citigroup dropped their price target on shares of Comcast from $47.00 to $44.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Finally, Pivotal Research upped their price target on shares of Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Nine investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Comcast has an average rating of “Moderate Buy” and an average target price of $43.83.

Insider Activity at Comcast

In other news, President Michael J. Cavanagh sold 25,537 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the completion of the sale, the president now owns 534,849 shares of the company’s stock, valued at $22,779,218.91. This trade represents a 4.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, 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 sale, the chief executive officer now directly owns 6,669,928 shares of the company’s stock, valued at approximately $284,539,128.48. This trade represents a 3.40 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is owned by company insiders.

Comcast Trading Down 0.4 %

CMCSA stock opened at $36.26 on Friday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. The company’s 50-day simple moving average is $36.58 and its 200 day simple moving average is $39.58. Comcast Co. has a 52 week low of $32.50 and a 52 week high of $45.31. The company has a market capitalization of $137.08 billion, a PE ratio of 8.74, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00.

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

Comcast Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be issued a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.64%. This is a boost from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio is 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.