APG Asset Management N.V. Raises Stock Holdings in Comcast Corporation $CMCSA

Key Points

• APG Asset Management N.V. increased its stake in Comcast by 4.0%, now holding approximately 3.94 million shares valued at $134.7 million.
• Comcast recently announced a quarterly dividend of $0.33, reflecting a 3.9% dividend yield and a payout ratio of 21.82%.
• The average price target for Comcast shares is currently $40.73, with ratings ranging from Strong Buy to Sell by various analysts.

APG Asset Management N.V. lifted its position in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 4.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,943,064 shares of the cable giant's stock after buying an additional 151,652 shares during the period. APG Asset Management N.V. owned about 0.11% of Comcast worth $134,696,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Sculati Wealth Management LLC lifted its stake in shares of Comcast by 0.9% during the 4th quarter. Sculati Wealth Management LLC now owns 30,792 shares of the cable giant's stock worth $1,156,000 after acquiring an additional 285 shares during the last quarter. Toth Financial Advisory Corp lifted its stake in shares of Comcast by 9.0% during the 1st quarter. Toth Financial Advisory Corp now owns 3,630 shares of the cable giant's stock worth $134,000 after acquiring an additional 300 shares during the last quarter. Clearstead Trust LLC lifted its stake in shares of Comcast by 5.2% during the 1st quarter. Clearstead Trust LLC now owns 6,142 shares of the cable giant's stock worth $227,000 after acquiring an additional 305 shares during the last quarter. United Asset Strategies Inc. lifted its stake in shares of Comcast by 2.2% during the 1st quarter. United Asset Strategies Inc. now owns 14,075 shares of the cable giant's stock worth $519,000 after acquiring an additional 308 shares during the last quarter. Finally, Moors & Cabot Inc. lifted its stake in shares of Comcast by 0.6% during the 1st quarter. Moors & Cabot Inc. now owns 54,163 shares of the cable giant's stock worth $1,999,000 after acquiring an additional 310 shares during the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CMCSA. Rosenblatt Securities raised their price target on Comcast from $37.00 to $38.00 and gave the stock a "neutral" rating in a research note on Monday, August 4th. Arete Research raised Comcast to a "hold" rating in a research report on Tuesday, July 8th. Barclays decreased their target price on Comcast from $35.00 to $34.00 and set an "equal weight" rating for the company in a research report on Friday, August 1st. UBS Group decreased their target price on Comcast from $40.00 to $36.00 and set a "neutral" rating for the company in a research report on Friday, August 1st. Finally, Moffett Nathanson lifted their target price on Comcast from $56.00 to $58.00 and gave the company a "buy" rating in a research note on Thursday, June 12th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Comcast presently has an average rating of "Hold" and an average target price of $40.73.

Comcast Stock Performance

Shares of CMCSA stock traded down $0.14 during mid-day trading on Monday, reaching $34.01. The stock had a trading volume of 17,147,074 shares, compared to its average volume of 23,977,274. The business's fifty day moving average is $34.19 and its 200-day moving average is $34.77. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.99. The firm has a market cap of $125.57 billion, a price-to-earnings ratio of 5.62, a PEG ratio of 2.05 and a beta of 0.92. Comcast Corporation has a 1-year low of $31.03 and a 1-year high of $45.31.

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

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, October 1st. This represents a $1.32 dividend on an annualized basis and a yield of 3.9%. Comcast's dividend payout ratio is currently 21.82%.

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.