Nordea Investment Management AB Sells 2,098,316 Shares of Comcast Co. (NASDAQ:CMCSA)

Nordea Investment Management AB cut its position in shares of Comcast Co. (NASDAQ:CMCSA) by 20.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 8,064,049 shares of the cable giant’s stock after selling 2,098,316 shares during the period. Nordea Investment Management AB’s holdings in Comcast were worth $301,716,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wilmington Savings Fund Society FSB lifted its position in shares of Comcast by 55,334.5% in the third quarter. Wilmington Savings Fund Society FSB now owns 8,273,052 shares of the cable giant’s stock worth $345,565,000 after purchasing an additional 8,258,128 shares in the last quarter. FMR LLC increased its stake in Comcast by 5.4% in the 3rd quarter. FMR LLC now owns 117,420,328 shares of the cable giant’s stock valued at $4,904,647,000 after buying an additional 6,062,658 shares during the last quarter. AQR Capital Management LLC lifted its position in Comcast by 92.1% during the 2nd quarter. AQR Capital Management LLC now owns 8,722,620 shares of the cable giant’s stock worth $339,223,000 after buying an additional 4,182,525 shares in the last quarter. Public Sector Pension Investment Board boosted its stake in shares of Comcast by 530.5% during the 3rd quarter. Public Sector Pension Investment Board now owns 3,429,298 shares of the cable giant’s stock worth $143,242,000 after buying an additional 2,885,370 shares during the last quarter. Finally, Darsana Capital Partners LP grew its holdings in shares of Comcast by 26.7% in the 2nd quarter. Darsana Capital Partners LP now owns 9,500,000 shares of the cable giant’s stock valued at $372,020,000 after acquiring an additional 2,000,000 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Price Performance

Shares of NASDAQ:CMCSA opened at $37.67 on Monday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. The stock has a market capitalization of $144.15 billion, a PE ratio of 10.13, a PEG ratio of 1.50 and a beta of 1.01. The firm has a 50 day moving average of $41.25 and a 200-day moving average of $40.30. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.11.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The firm had revenue of $32.07 billion during the quarter, compared to analysts’ expectations of $31.78 billion. During the same period in the prior year, the company earned $1.08 earnings per share. The company’s quarterly revenue was up 6.5% on a year-over-year basis. On average, equities research analysts predict that Comcast Co. will post 4.26 EPS for the current fiscal year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date is Wednesday, January 8th. Comcast’s dividend payout ratio is presently 33.33%.

Insiders Place Their Bets

In other news, CEO Brian L. Roberts sold 234,464 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $284,539,128.48. The trade was a 3.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President Michael J. Cavanagh sold 25,537 shares of the company’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 value of $1,087,620.83. Following the completion of the transaction, the president now directly owns 534,849 shares of the company’s stock, valued at $22,779,218.91. This represents a 4.56 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.26% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Evercore ISI upgraded Comcast to a “strong-buy” rating in a report on Thursday, November 21st. StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a report on Saturday. Pivotal Research boosted their target price on shares of Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Wells Fargo & Company lifted their price objective on shares of Comcast from $43.00 to $46.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Finally, Loop Capital dropped their target price on shares of Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $47.39.

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.