APG Asset Management N.V. Sells 17,571 Shares of Comcast Corporation $CMCSA

APG Asset Management N.V. trimmed its stake in Comcast Corporation (NASDAQ:CMCSA) by 0.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,239,853 shares of the cable giant’s stock after selling 17,571 shares during the period. APG Asset Management N.V.’s holdings in Comcast were worth $70,376,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. Brighton Jones LLC lifted its holdings in shares of Comcast by 150.9% in 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 period. Voya Financial Advisors Inc. lifted its stake in Comcast by 3.2% in the second quarter. Voya Financial Advisors Inc. now owns 83,883 shares of the cable giant’s stock worth $2,963,000 after acquiring an additional 2,593 shares during the period. United Bank grew its holdings in Comcast by 11.3% during the 2nd quarter. United Bank now owns 42,216 shares of the cable giant’s stock worth $1,507,000 after acquiring an additional 4,290 shares in the last quarter. Arkadios Wealth Advisors grew its holdings in Comcast by 67.0% during the 2nd quarter. Arkadios Wealth Advisors now owns 44,878 shares of the cable giant’s stock worth $1,602,000 after acquiring an additional 18,007 shares in the last quarter. Finally, Savvy Advisors Inc. increased its position in Comcast by 30.7% during the 2nd quarter. Savvy Advisors Inc. now owns 14,039 shares of the cable giant’s stock valued at $501,000 after purchasing an additional 3,300 shares during the period. 84.32% of the stock is currently owned by institutional investors.

Insider Activity at Comcast

In related news, CEO Michael J. Cavanagh sold 57,947 shares of the firm’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $32.66, for a total value of $1,892,549.02. Following the completion of the transaction, the chief executive officer owned 622,336 shares in the company, valued at $20,325,493.76. This trade represents a 8.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on CMCSA shares. Sanford C. Bernstein dropped their price objective on shares of Comcast from $34.00 to $32.00 and set a “market perform” rating on the stock in a research note on Thursday, January 15th. UBS Group lowered their target price on Comcast from $36.00 to $32.00 and set a “neutral” rating for the company in a report on Friday, January 30th. Oppenheimer set a $38.00 target price on Comcast in a research report on Tuesday, November 4th. Benchmark decreased their price objective on Comcast from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Monday, January 5th. Finally, TD Cowen dropped their price objective on Comcast from $40.00 to $39.00 and set a “buy” rating on the stock in a research report on Friday, January 30th. Ten research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $34.87.

Comcast Trading Up 0.4%

Comcast stock opened at $30.96 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a market cap of $111.39 billion, a PE ratio of 5.77, a price-to-earnings-growth ratio of 2.41 and a beta of 0.81. The stock has a 50-day moving average of $29.86 and a two-hundred day moving average of $30.03. Comcast Corporation has a one year low of $25.75 and a one year high of $37.97.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, January 29th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.09. The firm had revenue of $32.31 billion for the quarter, compared to the consensus estimate of $32.35 billion. Comcast had a net margin of 16.17% and a return on equity of 16.86%. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.96 earnings per share. On average, research analysts anticipate that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 1st will be issued a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.3%. Comcast’s dividend payout ratio (DPR) is currently 24.58%.

Comcast Company Profile

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.