Mn Services Vermogensbeheer B.V. Sells 61,000 Shares of Comcast Corporation $CMCSA

Key Points

• Mn Services Vermogensbeheer B.V. reduced its stake in Comcast Corporation by 4.1% during the 2nd quarter, leaving them with 1,410,000 shares worth approximately $50.32 million.
• Several hedge funds adjusted their positions in Comcast, with Swedbank AB increasing its stake by 8.4% and Baader Bank Aktiengesellschaft increasing its stake by an impressive 100.5%.
• Comcast announced a quarterly dividend of $0.33 per share to be paid on October 22nd, representing an annualized dividend of $1.32 and a yield of 4.1%.

Mn Services Vermogensbeheer B.V. decreased its holdings in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 4.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,410,000 shares of the cable giant's stock after selling 61,000 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Comcast were worth $50,323,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Sculati Wealth Management LLC increased its stake in Comcast by 0.9% during the fourth 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 grew its stake in Comcast by 9.0% during the 1st quarter. Toth Financial Advisory Corp now owns 3,630 shares of the cable giant's stock valued at $134,000 after purchasing an additional 300 shares in the last quarter. Clearstead Trust LLC grew its stake in Comcast by 5.2% during the 1st quarter. Clearstead Trust LLC now owns 6,142 shares of the cable giant's stock valued at $227,000 after purchasing an additional 305 shares in the last quarter. Webster Bank N. A. grew its position in shares of Comcast by 2.9% in the 2nd quarter. Webster Bank N. A. now owns 10,809 shares of the cable giant's stock worth $386,000 after acquiring an additional 305 shares in the last quarter. Finally, United Asset Strategies Inc. grew its position in shares of Comcast by 2.2% in 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 in the last quarter. Hedge funds and other institutional investors own 84.32% of the company's stock.

Comcast Trading Down 0.2%

NASDAQ:CMCSA traded down $0.05 during trading hours on Friday, reaching $31.59. The company's stock had a trading volume of 53,783,241 shares, compared to its average volume of 20,704,542. The firm has a market capitalization of $116.64 billion, a price-to-earnings ratio of 5.22, a PEG ratio of 1.89 and a beta of 0.93. The firm has a 50-day simple moving average of $33.45 and a 200-day simple moving average of $34.48. Comcast Corporation has a 1 year low of $31.03 and a 1 year high of $45.31. 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 released its quarterly earnings data on Thursday, July 31st. The cable giant reported $1.25 earnings per share (EPS) 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 net margin of 18.44% and a return on equity of 18.86%. The company's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.21 earnings per share. Research analysts expect that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The company 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 $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Wednesday, October 1st. Comcast's dividend payout ratio is presently 21.82%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Rothschild & Co Redburn cut their target price on Comcast from $44.00 to $35.00 in a research note on Friday, June 20th. Rosenblatt Securities lifted their price target on Comcast from $37.00 to $38.00 and gave the company a "neutral" rating in a report on Monday, August 4th. Arete Research raised Comcast to a "hold" rating in a research report on Tuesday, July 8th. Barclays reduced their price target 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. Finally, Benchmark reissued a "buy" rating on shares of Comcast in a research report on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, thirteen have given a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $40.56.

Comcast 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.