Allianz SE Sells 6,245 Shares of Comcast Corporation $CMCSA

Allianz SE trimmed its position in Comcast Corporation (NASDAQ:CMCSA) by 3.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 173,313 shares of the cable giant’s stock after selling 6,245 shares during the quarter. Allianz SE’s holdings in Comcast were worth $6,186,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Nuveen LLC acquired a new position in Comcast in the first quarter valued at approximately $940,015,000. Dodge & Cox boosted its stake in Comcast by 19.1% during the 1st quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant’s stock valued at $3,476,635,000 after purchasing an additional 15,115,074 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of Comcast by 1,959.3% in the 1st quarter. Pacer Advisors Inc. now owns 13,228,732 shares of the cable giant’s stock worth $488,140,000 after purchasing an additional 12,586,329 shares during the period. Acadian Asset Management LLC lifted its stake in Comcast by 119.1% in the first quarter. Acadian Asset Management LLC now owns 7,595,322 shares of the cable giant’s stock valued at $280,238,000 after purchasing an additional 4,128,434 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in Comcast by 76.6% during the first quarter. The Manufacturers Life Insurance Company now owns 9,440,738 shares of the cable giant’s stock valued at $348,363,000 after purchasing an additional 4,096,382 shares during the period. 84.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on CMCSA. Morgan Stanley cut their price target on Comcast from $35.00 to $32.00 and set an “equal weight” rating for the company in a research note on Friday, October 31st. Zacks Research cut Comcast from a “hold” rating to a “strong sell” rating in a research report on Monday. Scotiabank decreased their price target on shares of Comcast from $45.50 to $41.50 and set a “sector perform” rating on the stock in a report on Friday, October 31st. Royal Bank Of Canada dropped their target price on Comcast from $38.00 to $32.00 and set a “sector perform” rating for the company in a research report on Friday, October 31st. Finally, TD Cowen decreased their price objective on Comcast from $46.00 to $40.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Ten equities research analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Comcast presently has an average rating of “Hold” and a consensus target price of $36.29.

Comcast Price Performance

CMCSA opened at $27.89 on Thursday. The company’s 50-day simple moving average is $30.37 and its two-hundred day simple moving average is $32.96. 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 capitalization of $101.63 billion, a P/E ratio of 4.64, a P/E/G ratio of 1.78 and a beta of 0.92. Comcast Corporation has a 52-week low of $25.75 and a 52-week high of $44.19.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. Comcast had a return on equity of 18.06% and a net margin of 18.33%.The company had revenue of $30.34 billion during the quarter. As a group, analysts predict that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 14th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Wednesday, January 14th. Comcast’s payout ratio is 21.96%.

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.