Livforsakringsbolaget Skandia Omsesidigt Has $7.11 Million Position in Comcast Co. (NASDAQ:CMCSA)

Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 2.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 162,209 shares of the cable giant’s stock after purchasing an additional 3,497 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Comcast were worth $7,113,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. NewSquare Capital LLC grew its holdings in shares of Comcast by 94.1% during the third quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock worth $28,000 after purchasing an additional 302 shares during the last quarter. Quilter Plc bought a new position in Comcast in the first quarter valued at about $695,100,000. DHJJ Financial Advisors Ltd. bought a new position in Comcast in the third quarter valued at about $33,000. Tennessee Valley Asset Management Partners bought a new position in Comcast in the fourth quarter valued at about $34,000. Finally, Fortis Capital Advisors LLC bought a new position in Comcast in the fourth quarter valued at about $29,000. Institutional investors own 84.32% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. BNP Paribas reiterated a “neutral” rating and issued a $45.00 price target on shares of Comcast in a report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft reduced their target price on Comcast from $55.00 to $53.00 in a report on Friday, April 5th. StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, March 22nd. Redburn Atlantic cut Comcast from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $50.00 to $44.00 in a report on Thursday, February 15th. Finally, Benchmark restated a “buy” rating and set a $55.00 target price on shares of Comcast in a report on Wednesday, April 10th. Ten investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Comcast has a consensus rating of “Moderate Buy” and a consensus price target of $49.50.

Insider Buying and Selling at Comcast

In other news, President Michael J. Cavanagh sold 114,749 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $46.10, for a total value of $5,289,928.90. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.18% of the company’s stock.

Comcast Price Performance

Shares of CMCSA stock traded down $0.13 on Wednesday, hitting $38.99. 20,449,255 shares of the company’s stock were exchanged, compared to its average volume of 20,682,635. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.60 and a quick ratio of 0.60. Comcast Co. has a 12 month low of $36.38 and a 12 month high of $47.46. The stock has a market cap of $154.86 billion, a P/E ratio of 10.48, a price-to-earnings-growth ratio of 0.96 and a beta of 0.98. The company has a 50 day moving average of $41.97 and a 200 day moving average of $42.79.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, January 25th. The cable giant reported $0.84 EPS for the quarter, beating the consensus estimate of $0.80 by $0.04. The firm had revenue of $31.25 billion during the quarter, compared to the consensus estimate of $30.41 billion. Comcast had a return on equity of 19.75% and a net margin of 12.66%. On average, equities research analysts predict that Comcast Co. will post 4.23 EPS for the current year.

Comcast Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 3rd will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date of this dividend is Tuesday, April 2nd. This is a boost from Comcast’s previous quarterly dividend of $0.29. Comcast’s dividend payout ratio (DPR) is 33.33%.

Comcast 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.