Voya Investment Management LLC Sells 33,397 Shares of Comcast Corporation $CMCSA

Key Points

• Voya Investment Management LLC reduced its holdings in Comcast by 1.8%, selling 33,397 shares during the first quarter, resulting in total holdings worth $67.2 million.
• Comcast's quarterly earnings report showed $1.25 earnings per share, exceeding analysts' expectations by $0.07, with revenue of $30.31 billion.
• The company announced a quarterly dividend of $0.33 per share, translating to an annual yield of 4.0%, set to be paid on October 22nd.

Voya Investment Management LLC reduced its holdings in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 1.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,820,808 shares of the cable giant's stock after selling 33,397 shares during the quarter. Voya Investment Management LLC's holdings in Comcast were worth $67,188,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of CMCSA. Brighton Jones LLC lifted its position in shares of Comcast by 150.9% during the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant's stock worth $6,240,000 after buying an additional 99,986 shares during the last quarter. Raiffeisen Bank International AG bought a new stake in shares of Comcast during the 4th quarter worth $1,388,000. Rafferty Asset Management LLC lifted its position in shares of Comcast by 13.0% during the 4th quarter. Rafferty Asset Management LLC now owns 667,568 shares of the cable giant's stock worth $25,054,000 after buying an additional 76,783 shares during the last quarter. Silver Rock Financial LP lifted its position in shares of Comcast by 14.4% during the 4th quarter. Silver Rock Financial LP now owns 457,500 shares of the cable giant's stock worth $17,170,000 after buying an additional 57,500 shares during the last quarter. Finally, Snowden Capital Advisors LLC raised its position in Comcast by 0.5% in the fourth quarter. Snowden Capital Advisors LLC now owns 323,274 shares of the cable giant's stock valued at $12,132,000 after purchasing an additional 1,662 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on CMCSA shares. Royal Bank Of Canada started coverage on Comcast in a research report on Monday, September 8th. They issued a "sector perform" rating and a $38.00 target price for the company. Scotiabank increased their target price on Comcast from $44.50 to $45.00 and gave the company a "sector perform" rating in a research report on Friday, July 11th. Rosenblatt Securities increased their target price on Comcast from $37.00 to $38.00 and gave the company a "neutral" rating in a research report on Monday, August 4th. Barclays dropped 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. Finally, Arete Research upgraded Comcast to a "hold" rating in a research report on Tuesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $40.56.

Comcast Price Performance

Shares of CMCSA opened at $33.06 on Friday. 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 current ratio of 0.91 and a quick ratio of 0.91. The company has a market capitalization of $122.06 billion, a price-to-earnings ratio of 5.46, a price-to-earnings-growth ratio of 2.00 and a beta of 0.93. The business has a 50-day moving average of $33.79 and a 200-day moving average of $34.60.

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

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $1.32 annualized dividend and a yield of 4.0%. Comcast's dividend payout ratio (DPR) is currently 21.82%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.