Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 5.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,220,225 shares of the cable giant’s stock after selling 69,717 shares during the quarter. Comcast accounts for 0.6% of Fjarde AP Fonden Fourth Swedish National Pension Fund’s portfolio, making the stock its 28th largest position. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Comcast were worth $43,208,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA grew its holdings in shares of Comcast by 1.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 150,105,437 shares of the cable giant’s stock worth $5,315,234,000 after purchasing an additional 1,830,315 shares during the last quarter. FMR LLC grew its holdings in shares of Comcast by 7.5% during the second quarter. FMR LLC now owns 111,854,932 shares of the cable giant’s stock worth $3,669,961,000 after purchasing an additional 7,812,415 shares during the last quarter. Alliancebernstein L.P. grew its holdings in shares of Comcast by 17.6% during the third quarter. Alliancebernstein L.P. now owns 36,684,340 shares of the cable giant’s stock worth $1,298,992,000 after purchasing an additional 5,499,850 shares during the last quarter. Boston Partners grew its holdings in shares of Comcast by 23.7% during the second quarter. Boston Partners now owns 22,787,062 shares of the cable giant’s stock worth $747,643,000 after purchasing an additional 4,358,705 shares during the last quarter. Finally, Bank of Montreal Can grew its holdings in shares of Comcast by 43.9% during the third quarter. Bank of Montreal Can now owns 22,597,172 shares of the cable giant’s stock worth $800,167,000 after purchasing an additional 6,893,674 shares during the last quarter. Hedge funds and other institutional investors own 80.10% of the company’s stock.
Comcast stock opened at $37.39 on Friday. The stock has a market capitalization of $174.22 billion, a P/E ratio of 18.15, a PEG ratio of 1.19 and a beta of 0.93. Comcast Co. has a 12-month low of $30.43 and a 12-month high of $44.00. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.96.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 23rd. Investors of record on Wednesday, January 2nd will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 2.03%. The ex-dividend date is Monday, December 31st. Comcast’s dividend payout ratio is 36.89%.
In other Comcast news, EVP Arthur R. Block sold 6,448 shares of the firm’s stock in a transaction dated Thursday, September 27th. The stock was sold at an average price of $35.48, for a total transaction of $228,775.04. Following the transaction, the executive vice president now owns 74,644 shares in the company, valued at $2,648,369.12. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Arthur R. Block sold 1,082 shares of the firm’s stock in a transaction dated Monday, September 24th. The stock was sold at an average price of $35.94, for a total value of $38,887.08. Following the transaction, the executive vice president now owns 62,476 shares in the company, valued at approximately $2,245,387.44. The disclosure for this sale can be found here. 1.31% of the stock is owned by company insiders.
CMCSA has been the topic of several research analyst reports. JPMorgan Chase & Co. initiated coverage on Comcast in a report on Friday, October 12th. They set an “overweight” rating and a $42.00 target price on the stock. ValuEngine upgraded Comcast from a “strong sell” rating to a “sell” rating in a report on Monday, September 17th. UBS Group cut Comcast from an “outperform” rating to a “market perform” rating in a report on Monday, September 24th. Pivotal Research decreased their target price on Comcast from $48.00 to $45.00 and set a “buy” rating on the stock in a report on Tuesday, October 2nd. Finally, KeyCorp increased their target price on Comcast from $38.00 to $43.00 and gave the stock an “overweight” rating in a report on Wednesday, September 26th. Nine analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $44.61.
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Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.
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