Mn Services Vermogensbeheer B.V. Sells 52,100 Shares of Comcast Co. (NASDAQ:CMCSA)

Mn Services Vermogensbeheer B.V. trimmed its holdings in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 2.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,992,700 shares of the cable giant's stock after selling 52,100 shares during the period. Comcast comprises approximately 0.8% of Mn Services Vermogensbeheer B.V.'s investment portfolio, making the stock its 28th largest holding. Mn Services Vermogensbeheer B.V.'s holdings in Comcast were worth $87,380,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in CMCSA. NewSquare Capital LLC increased its holdings in Comcast by 94.1% in the 3rd quarter. NewSquare Capital LLC now owns 623 shares of the cable giant's stock worth $28,000 after acquiring an additional 302 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. increased its holdings in Comcast by 299.1% in the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant's stock worth $28,000 after acquiring an additional 475,675 shares during the last quarter. Fortis Capital Advisors LLC purchased a new stake in Comcast in the 4th quarter worth about $29,000. DHJJ Financial Advisors Ltd. purchased a new stake in Comcast in the 3rd quarter worth about $33,000. Finally, Tennessee Valley Asset Management Partners purchased a new position in Comcast during the 4th quarter valued at about $34,000. 84.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on CMCSA shares. Deutsche Bank Aktiengesellschaft reduced their target price on Comcast from $55.00 to $53.00 in a report on Friday, April 5th. Benchmark reaffirmed a "buy" rating and set a $55.00 target price on shares of Comcast in a report on Wednesday. Rosenblatt Securities lifted their target price on Comcast from $44.00 to $46.00 and gave the company a "neutral" rating in a report on Friday, December 22nd. BNP Paribas reaffirmed a "neutral" rating and set a $45.00 target price on shares of Comcast in a report on Tuesday. Finally, Wells Fargo & Company dropped their price target on Comcast from $50.00 to $47.00 and set an "equal weight" rating for the company in a research report on Friday, April 5th. Ten analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $49.50.

Comcast Trading Down 1.9 %

Shares of CMCSA traded down $0.77 during mid-day trading on Friday, hitting $39.37. 23,423,566 shares of the company's stock traded hands, compared to its average volume of 21,634,200. The firm has a market capitalization of $156.37 billion, a P/E ratio of 10.58, a PEG ratio of 0.98 and a beta of 0.98. The business's 50-day moving average price is $42.18 and its 200-day moving average price is $42.88. Comcast Co. has a 1 year low of $36.38 and a 1 year high of $47.46. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.14.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings results on Thursday, January 25th. The cable giant reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.04. The company had revenue of $31.25 billion for the quarter, compared to analysts' expectations of $30.41 billion. Comcast had a return on equity of 19.75% and a net margin of 12.66%. As a group, sell-side analysts forecast that Comcast Co. will post 4.23 EPS for the current fiscal year.

Comcast Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 3rd will be paid a $0.31 dividend. This is a boost from Comcast's previous quarterly dividend of $0.29. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date is Tuesday, April 2nd. Comcast's dividend payout ratio is currently 33.33%.

Insider Transactions at Comcast

In other news, President Michael J. Cavanagh sold 114,749 shares of the stock in a transaction on Monday, January 29th. The stock was sold at an average price of $46.10, for a total value of $5,289,928.90. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.18% of the company's stock.

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.