Swedbank AB Increases Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Swedbank AB increased its stake in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 2.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,132,958 shares of the cable giant's stock after purchasing an additional 51,149 shares during the quarter. Swedbank AB owned 0.06% of Comcast worth $80,050,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Winch Advisory Services LLC grew its position in Comcast by 269.9% in the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant's stock valued at $26,000 after acquiring an additional 502 shares during the last quarter. Safe Harbor Fiduciary LLC purchased a new position in Comcast in the 3rd quarter worth about $30,000. McClarren Financial Advisors Inc. lifted its holdings in Comcast by 365.4% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant's stock valued at $30,000 after buying an additional 570 shares in the last quarter. Iron Horse Wealth Management LLC boosted its position in Comcast by 220.3% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant's stock valued at $32,000 after buying an additional 522 shares during the period. Finally, Dunhill Financial LLC grew its stake in Comcast by 54.8% in the 3rd quarter. Dunhill Financial LLC now owns 814 shares of the cable giant's stock worth $34,000 after acquiring an additional 288 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on CMCSA shares. StockNews.com raised shares of Comcast from a "buy" rating to a "strong-buy" rating in a research report on Friday, January 17th. Macquarie reissued a "neutral" rating and issued a $42.00 price objective on shares of Comcast in a research report on Monday, January 6th. Deutsche Bank Aktiengesellschaft increased their price target on Comcast from $49.00 to $50.00 and gave the company a "buy" rating in a research note on Friday, November 1st. TD Cowen dropped their target price on shares of Comcast from $50.00 to $48.00 and set a "buy" rating on the stock in a research report on Friday, November 1st. Finally, KeyCorp lifted their price objective on shares of Comcast from $44.00 to $47.00 and gave the stock an "overweight" rating in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, Comcast presently has a consensus rating of "Moderate Buy" and a consensus price target of $47.33.

Insiders Place Their Bets

In related news, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction 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 completion of the transaction, the president now directly owns 534,849 shares in the company, valued at approximately $22,779,218.91. This trade represents a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Brian L. Roberts sold 234,464 shares of Comcast stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total value of $10,002,234.24. Following the completion of the transaction, the chief executive officer now owns 6,669,928 shares of the company's stock, valued at $284,539,128.48. The trade was a 3.40 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is owned by insiders.

Comcast Trading Down 12.8 %

Shares of NASDAQ CMCSA traded down $4.80 during trading on Thursday, hitting $32.57. 35,580,439 shares of the company were exchanged, compared to its average volume of 23,073,357. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. Comcast Co. has a 12-month low of $32.50 and a 12-month high of $47.11. The company has a fifty day moving average price of $39.01 and a 200-day moving average price of $40.15. The firm has a market capitalization of $124.61 billion, a PE ratio of 8.76, a P/E/G ratio of 1.35 and a beta of 1.01.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, beating analysts' consensus estimates of $0.88 by $0.08. Comcast had a return on equity of 19.81% and a net margin of 11.92%. As a group, equities research analysts expect that Comcast Co. will post 4.25 EPS for the current year.

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.