Mn Services Vermogensbeheer B.V. Lowers Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Mn Services Vermogensbeheer B.V. lowered its stake in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 7.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,471,000 shares of the cable giant's stock after selling 115,200 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Comcast were worth $54,280,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CMCSA. Hengehold Capital Management LLC raised its position in shares of Comcast by 7.1% in the first quarter. Hengehold Capital Management LLC now owns 82,005 shares of the cable giant's stock worth $3,026,000 after buying an additional 5,408 shares in the last quarter. Exchange Traded Concepts LLC raised its position in shares of Comcast by 233.9% in the first quarter. Exchange Traded Concepts LLC now owns 817,669 shares of the cable giant's stock worth $30,172,000 after buying an additional 572,770 shares in the last quarter. Cornell Pochily Investment Advisors Inc. purchased a new stake in shares of Comcast in the first quarter worth $211,000. Sound Income Strategies LLC raised its position in shares of Comcast by 66.6% in the first quarter. Sound Income Strategies LLC now owns 5,671 shares of the cable giant's stock worth $209,000 after buying an additional 2,267 shares in the last quarter. Finally, Foster Victor Wealth Advisors LLC raised its position in shares of Comcast by 12.9% in the first quarter. Foster Victor Wealth Advisors LLC now owns 261,062 shares of the cable giant's stock worth $8,803,000 after buying an additional 29,758 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. UBS Group set a $44.50 price objective on Comcast in a research report on Friday, April 25th. KeyCorp lowered their price target on Comcast from $47.00 to $45.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. BNP Paribas downgraded Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price target on the stock. in a research report on Thursday, April 10th. Argus downgraded Comcast from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. Finally, Barclays lowered their price target on Comcast from $37.00 to $35.00 and set an "equal weight" rating on the stock in a research report on Monday, April 28th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Comcast has a consensus rating of "Moderate Buy" and a consensus target price of $42.10.

Comcast Trading Down 0.7%

Shares of NASDAQ CMCSA traded down $0.26 during trading hours on Friday, hitting $35.01. The company's stock had a trading volume of 17,189,721 shares, compared to its average volume of 22,092,584. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. The stock has a market cap of $130.72 billion, a price-to-earnings ratio of 8.44, a P/E/G ratio of 1.78 and a beta of 0.95. Comcast Co. has a 12 month low of $31.44 and a 12 month high of $45.31. The business has a 50-day simple moving average of $34.46 and a 200-day simple moving average of $36.11.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.08. The business had revenue of $29.89 billion for the quarter, compared to analysts' expectations of $29.82 billion. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The business's revenue was down .6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.04 EPS. On average, analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd will be issued a dividend of $0.33 per share. The ex-dividend date is Wednesday, July 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.77%. Comcast's payout ratio is 32.43%.

About Comcast

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.