Mn Services Vermogensbeheer B.V. lowered its position in shares of Comcast Co. (NASDAQ:CMCSA) by 0.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 774,005 shares of the cable giant’s stock after selling 6,600 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Comcast were worth $32,725,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Evolution Wealth Advisors LLC acquired a new stake in Comcast during the 2nd quarter worth about $26,000. Clean Yield Group acquired a new stake in Comcast during the 1st quarter worth about $25,000. Mackey Komara & Dankovich LLC acquired a new stake in Comcast during the 1st quarter worth about $27,000. Westside Investment Management Inc. acquired a new stake in Comcast during the 2nd quarter worth about $34,000. Finally, Catamount Wealth Management acquired a new stake in Comcast during the 1st quarter worth about $52,000. 82.61% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have commented on CMCSA shares. Nomura raised their price objective on Comcast from $41.00 to $44.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Barclays raised their price target on Comcast from $44.00 to $45.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. Rosenblatt Securities assumed coverage on Comcast in a research note on Friday, June 14th. They set a “buy” rating and a $50.00 price target for the company. Guggenheim raised Comcast from a “neutral” rating to a “buy” rating and set a $42.31 price target for the company in a research note on Thursday, May 30th. Finally, ValuEngine downgraded Comcast from a “hold” rating to a “sell” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eighteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $45.27.
Shares of CMCSA stock opened at $42.65 on Monday. The firm has a 50 day moving average of $43.51. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.69 and a quick ratio of 0.69. Comcast Co. has a twelve month low of $32.61 and a twelve month high of $45.29. The company has a market cap of $193.57 billion, a P/E ratio of 16.73, a price-to-earnings-growth ratio of 1.17 and a beta of 1.08.
Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, July 25th. The cable giant reported $0.78 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.03. Comcast had a return on equity of 17.50% and a net margin of 11.64%. The business had revenue of $26.86 billion for the quarter, compared to the consensus estimate of $27.08 billion. During the same period last year, the business earned $0.65 EPS. The firm’s revenue was up 23.6% compared to the same quarter last year. Sell-side analysts predict that Comcast Co. will post 3.07 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 24th. Shareholders of record on Wednesday, July 3rd were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date was Tuesday, July 2nd. Comcast’s dividend payout ratio (DPR) is currently 32.94%.
In other Comcast news, SVP Daniel C. Murdock sold 1,701 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $41.46, for a total value of $70,523.46. Following the sale, the senior vice president now owns 4,712 shares of the company’s stock, valued at approximately $195,359.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.35% of the company’s stock.
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.
Read More: What is a recession?
Want to see what other hedge funds are holding CMCSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comcast Co. (NASDAQ:CMCSA).
Receive News & Ratings for Comcast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast and related companies with MarketBeat.com's FREE daily email newsletter.