ASR Vermogensbeheer N.V. Invests $18.06 Million in Comcast Corporation (NASDAQ:CMCSA)

Key Points

• ASR Vermogensbeheer N.V. has acquired 489,430 shares of Comcast Corporation, amounting to approximately $18.06 million, marking a significant investment in the cable giant.
• Comcast's recent quarterly earnings exceeded analyst expectations, reporting $1.25 EPS on revenue of $30.31 billion, demonstrating a year-over-year revenue growth of 2.1%.
• The firm announced a quarterly dividend of $0.33 per share, representing an annualized dividend yield of 4.1%, set to be paid on October 22nd.

ASR Vermogensbeheer N.V. bought a new position in Comcast Corporation (NASDAQ:CMCSA - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 489,430 shares of the cable giant's stock, valued at approximately $18,059,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CMCSA. Inlight Wealth Management LLC purchased a new stake in shares of Comcast in the first quarter worth approximately $26,000. Abound Financial LLC purchased a new stake in Comcast in the 1st quarter worth approximately $29,000. Retirement Wealth Solutions LLC boosted its stake in shares of Comcast by 126.9% during the 1st quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock valued at $30,000 after buying an additional 448 shares during the period. Mpwm Advisory Solutions LLC purchased a new position in shares of Comcast during the 4th quarter valued at $33,000. Finally, Global Wealth Strategies & Associates increased its stake in shares of Comcast by 203.4% in the first quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant's stock worth $33,000 after acquiring an additional 600 shares during the last quarter. 84.32% of the stock is owned by institutional investors.

Comcast Stock Performance

NASDAQ CMCSA remained flat at $31.67 during trading on Friday. The company's stock had a trading volume of 16,091,644 shares, compared to its average volume of 22,820,288. Comcast Corporation has a 12 month low of $31.44 and a 12 month high of $45.31. The firm has a market capitalization of $116.93 billion, a P/E ratio of 5.23, a price-to-earnings-growth ratio of 1.90 and a beta of 0.92. The stock has a fifty day moving average price of $34.55 and a 200 day moving average price of $34.96. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.91 and a current ratio of 0.91.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The cable giant reported $1.25 earnings per share for the quarter, beating analysts' consensus estimates of $1.18 by $0.07. The firm had revenue of $30.31 billion for the quarter, compared to analysts' expectations of $29.81 billion. Comcast had a return on equity of 18.86% and a net margin of 18.44%. The business's revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.21 earnings per share. Equities research analysts expect that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 1st will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $1.32 annualized dividend and a dividend yield of 4.2%. Comcast's dividend payout ratio (DPR) is presently 21.82%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Argus downgraded Comcast from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. The Goldman Sachs Group dropped their price objective on Comcast from $44.00 to $40.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Rothschild & Co Redburn reduced their target price on shares of Comcast from $44.00 to $35.00 in a research note on Friday, June 20th. Wells Fargo & Company lowered shares of Comcast from an "equal weight" rating to an "underweight" rating and dropped their price target for the stock from $37.00 to $31.00 in a research note on Monday, April 14th. Finally, BNP Paribas cut shares of Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price objective for the company. in a report on Thursday, April 10th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Comcast currently has a consensus rating of "Hold" and a consensus price target of $40.73.

Comcast Company 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.