Comcast Co. (NASDAQ:CMCSA) Shares Sold by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH cut its holdings in Comcast Co. (NASDAQ:CMCSA - Free Report) by 53.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 54,006 shares of the cable giant's stock after selling 62,421 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings in Comcast were worth $1,993,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CMCSA. Sculati Wealth Management LLC increased its position in Comcast by 0.9% during the 4th quarter. Sculati Wealth Management LLC now owns 30,792 shares of the cable giant's stock valued at $1,156,000 after buying an additional 285 shares in the last quarter. Kovack Advisors Inc. grew its stake in shares of Comcast by 1.1% during the fourth quarter. Kovack Advisors Inc. now owns 26,470 shares of the cable giant's stock worth $993,000 after acquiring an additional 300 shares during the last quarter. Beck Mack & Oliver LLC increased its holdings in shares of Comcast by 2.0% during the fourth quarter. Beck Mack & Oliver LLC now owns 15,539 shares of the cable giant's stock valued at $583,000 after acquiring an additional 300 shares in the last quarter. Toth Financial Advisory Corp raised its position in shares of Comcast by 9.0% in 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 during the last quarter. Finally, Cypress Wealth Services LLC boosted its stake in Comcast by 1.7% in the 1st quarter. Cypress Wealth Services LLC now owns 18,706 shares of the cable giant's stock worth $690,000 after purchasing an additional 318 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company's stock.

Analyst Ratings Changes

CMCSA has been the subject of a number of research analyst reports. Argus cut shares of Comcast from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Scotiabank reiterated a "sector perform" rating and set a $44.50 price target (down previously from $45.00) on shares of Comcast in a research note on Friday, April 25th. Wells Fargo & Company cut Comcast from an "equal weight" rating to an "underweight" rating and reduced their price objective for the stock from $37.00 to $31.00 in a research note on Monday, April 14th. Wall Street Zen upgraded shares of Comcast from a "buy" rating to a "strong-buy" rating in a report on Thursday, February 27th. Finally, UBS Group set a $44.50 price objective on shares of Comcast in a research note on Friday, April 25th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, Comcast presently has an average rating of "Moderate Buy" and an average price target of $42.10.

Comcast Trading Up 0.3%

Shares of NASDAQ CMCSA traded up $0.10 during trading on Monday, reaching $35.11. The stock had a trading volume of 18,321,255 shares, compared to its average volume of 22,077,486. 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 company has a market cap of $131.09 billion, a P/E ratio of 8.46, a PEG ratio of 1.78 and a beta of 0.95. Comcast Co. has a fifty-two week low of $31.44 and a fifty-two week high of $45.31. The business's 50-day moving average price is $34.46 and its 200-day moving average price is $36.06.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, topping 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 net margin of 13.09% and a return on equity of 19.98%. The business's quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.04 earnings per share. On average, equities research analysts predict that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 2nd will be paid a $0.33 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.76%. Comcast's dividend payout ratio (DPR) is 32.43%.

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.