Comcast Co. (NASDAQ:CMCSA) Shares Sold by Achmea Investment Management B.V.

Achmea Investment Management B.V. trimmed its holdings in shares of Comcast Co. (NASDAQ:CMCSAGet Rating) by 36.2% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 192,728 shares of the cable giant’s stock after selling 109,449 shares during the period. Achmea Investment Management B.V.’s holdings in Comcast were worth $9,024,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Norges Bank acquired a new stake in Comcast during the fourth quarter worth about $2,507,025,000. Capital Research Global Investors increased its position in Comcast by 8.8% during the fourth quarter. Capital Research Global Investors now owns 156,125,921 shares of the cable giant’s stock worth $7,857,828,000 after purchasing an additional 12,642,202 shares during the last quarter. Marshall Wace LLP increased its position in shares of Comcast by 911.0% during the fourth quarter. Marshall Wace LLP now owns 7,571,121 shares of the cable giant’s stock valued at $381,055,000 after acquiring an additional 6,822,276 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Comcast by 62.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 15,271,853 shares of the cable giant’s stock valued at $715,028,000 after acquiring an additional 5,880,050 shares during the last quarter. Finally, SRS Investment Management LLC increased its position in shares of Comcast by 162.9% during the fourth quarter. SRS Investment Management LLC now owns 7,187,614 shares of the cable giant’s stock valued at $361,753,000 after acquiring an additional 4,454,106 shares during the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.

Comcast Price Performance

Shares of CMCSA opened at $35.43 on Friday. Comcast Co. has a twelve month low of $33.74 and a twelve month high of $60.85. The stock’s 50 day moving average is $38.78 and its two-hundred day moving average is $42.14. The firm has a market capitalization of $156.36 billion, a PE ratio of 11.58, a P/E/G ratio of 0.71 and a beta of 0.90. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.04.

Comcast (NASDAQ:CMCSAGet Rating) last announced its quarterly earnings data on Thursday, July 28th. The cable giant reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.09. Comcast had a return on equity of 16.67% and a net margin of 11.54%. The company had revenue of $30.02 billion for the quarter, compared to analyst estimates of $29.72 billion. During the same quarter in the previous year, the company earned $0.84 EPS. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. Research analysts anticipate that Comcast Co. will post 3.63 earnings per share for the current year.

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Wednesday, October 5th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Tuesday, October 4th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.05%. Comcast’s payout ratio is 35.29%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Benchmark dropped their price target on shares of Comcast from $65.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, June 2nd. TheStreet cut shares of Comcast from a “b-” rating to a “c+” rating in a report on Friday, July 29th. Wolfe Research cut shares of Comcast from a “market perform” rating to an “underperform” rating and set a $39.00 price objective for the company. in a report on Friday, July 29th. Rosenblatt Securities dropped their price objective on shares of Comcast from $40.00 to $38.00 and set a “neutral” rating for the company in a report on Monday, August 1st. Finally, Daiwa Capital Markets started coverage on shares of Comcast in a research note on Friday, July 1st. They issued an “outperform” rating and a $43.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, Comcast has an average rating of “Hold” and a consensus price target of $52.17.

Comcast Company Profile

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Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Media, Studios, Theme Parks, and Sky segments. The Cable Communications segment offers broadband, video, voice, wireless, and other services to residential and business customers under the Xfinity brand; and advertising services.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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