Fjarde AP Fonden Fourth Swedish National Pension Fund Acquires 81,100 Shares of Comcast Corporation $CMCSA

Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in Comcast Corporation (NASDAQ:CMCSA) by 15.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 596,991 shares of the cable giant’s stock after purchasing an additional 81,100 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Comcast were worth $21,307,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. QRG Capital Management Inc. lifted its stake in shares of Comcast by 13.0% in the 2nd quarter. QRG Capital Management Inc. now owns 724,760 shares of the cable giant’s stock valued at $25,867,000 after acquiring an additional 83,631 shares during the last quarter. Advisor OS LLC increased its stake in Comcast by 33.2% in the 1st quarter. Advisor OS LLC now owns 35,440 shares of the cable giant’s stock worth $1,308,000 after purchasing an additional 8,841 shares during the period. Aberdeen Group plc lifted its position in Comcast by 5.4% in the second quarter. Aberdeen Group plc now owns 2,889,947 shares of the cable giant’s stock valued at $103,142,000 after purchasing an additional 147,231 shares during the last quarter. Resona Asset Management Co. Ltd. lifted its position in Comcast by 10.2% in the first quarter. Resona Asset Management Co. Ltd. now owns 1,282,073 shares of the cable giant’s stock valued at $47,254,000 after purchasing an additional 118,839 shares during the last quarter. Finally, Davidson Investment Advisors boosted its stake in shares of Comcast by 37.4% during the second quarter. Davidson Investment Advisors now owns 457,691 shares of the cable giant’s stock valued at $16,335,000 after purchasing an additional 124,484 shares during the period. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Sanford C. Bernstein lowered their price target on shares of Comcast from $37.00 to $36.00 and set a “market perform” rating for the company in a report on Wednesday, September 10th. Arete Research raised shares of Comcast to a “hold” rating in a research note on Tuesday, July 8th. Benchmark reiterated a “buy” rating on shares of Comcast in a report on Friday, July 18th. KeyCorp reduced their price target on Comcast from $45.00 to $43.00 and set an “overweight” rating on the stock in a report on Friday, October 3rd. Finally, Scotiabank reiterated a “sector perform” rating and issued a $45.50 price objective (up previously from $45.00) on shares of Comcast in a report on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $39.76.

Comcast Stock Performance

Shares of CMCSA opened at $29.42 on Tuesday. The company has a 50-day simple moving average of $31.84 and a two-hundred day simple moving average of $33.48. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market capitalization of $108.62 billion, a PE ratio of 4.86, a price-to-earnings-growth ratio of 1.73 and a beta of 0.94. Comcast Corporation has a one year low of $29.15 and a one year high of $45.31.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) for the quarter. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The firm had revenue of $30.34 billion during the quarter. On average, analysts anticipate that Comcast Corporation will post 4.33 EPS for the current fiscal 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.