Groupama Asset Managment Sells 53,930 Shares of Comcast Corporation $CMCSA

Key Points

• Groupama Asset Management has reduced its stake in Comcast Corporation by 31.3%, bringing its total holdings down to 118,346 shares, valued at approximately $4.33 million.
• Several institutional investors, including Nuveen LLC and Pacer Advisors Inc., have significantly increased their positions in Comcast during the first quarter, indicating strong institutional interest in the stock.
• Comcast recently announced a quarterly dividend of $0.33 per share with a yield of 3.9%, with the payout ratio currently at 21.82%.

Groupama Asset Managment lessened its holdings in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 31.3% in the first quarter, according to its most recent filing with the SEC. The firm owned 118,346 shares of the cable giant's stock after selling 53,930 shares during the quarter. Groupama Asset Managment's holdings in Comcast were worth $4,334,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in CMCSA. Ameriprise Financial Inc. grew its holdings in shares of Comcast by 12.0% in the 4th quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant's stock worth $1,890,027,000 after acquiring an additional 5,402,377 shares during the last quarter. Northern Trust Corp grew its position in Comcast by 12.8% in the fourth quarter. Northern Trust Corp now owns 42,479,501 shares of the cable giant's stock worth $1,594,256,000 after acquiring an additional 4,819,443 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Comcast by 16.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 35,356,027 shares of the cable giant's stock worth $1,326,912,000 after acquiring an additional 4,991,891 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Comcast by 2.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 33,636,264 shares of the cable giant's stock valued at $1,240,955,000 after purchasing an additional 926,663 shares in the last quarter. Finally, Nuveen Asset Management LLC raised its holdings in shares of Comcast by 1.9% during the 4th quarter. Nuveen Asset Management LLC now owns 26,055,944 shares of the cable giant's stock valued at $977,880,000 after purchasing an additional 497,829 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on CMCSA. UBS Group decreased their price objective on shares of Comcast from $40.00 to $36.00 and set a "neutral" rating for the company in a report on Friday, August 1st. Argus cut Comcast from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. Scotiabank upped their price target on Comcast from $44.50 to $45.00 and gave the company a "sector perform" rating in a research report on Friday, July 11th. Barclays lowered their price target on Comcast from $35.00 to $34.00 and set an "equal weight" rating on the stock in a research report on Friday, August 1st. Finally, Moffett Nathanson lifted their price objective on Comcast from $56.00 to $58.00 and gave the company a "buy" rating in a research report on Thursday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $40.73.

Comcast Stock Up 1.6%

Shares of CMCSA stock traded up $0.55 during trading on Friday, reaching $34.15. The company's stock had a trading volume of 25,267,336 shares, compared to its average volume of 24,360,090. The business has a fifty day moving average price of $34.21 and a 200-day moving average price of $34.77. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.99. The company has a market cap of $126.09 billion, a price-to-earnings ratio of 5.64, a price-to-earnings-growth ratio of 2.05 and a beta of 0.92. Comcast Corporation has a one year low of $31.03 and a one year high of $45.31.

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 (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.07. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The business had revenue of $30.31 billion during the quarter, compared to the consensus estimate of $29.81 billion. During the same quarter last year, the firm posted $1.21 EPS. The company's quarterly revenue was up 2.1% on a year-over-year basis. Analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Dividend Announcement

The firm 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. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Wednesday, October 1st. Comcast's dividend payout ratio (DPR) 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.