Achmea Investment Management B.V. Buys 59,483 Shares of Comcast Corporation $CMCSA

Achmea Investment Management B.V. grew its stake in Comcast Corporation (NASDAQ:CMCSA) by 23.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 312,314 shares of the cable giant’s stock after purchasing an additional 59,483 shares during the period. Achmea Investment Management B.V.’s holdings in Comcast were worth $9,812,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CMCSA. Capital A Wealth Management LLC increased its position in Comcast by 173.7% in the 2nd quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant’s stock valued at $25,000 after acquiring an additional 436 shares during the period. Howard Hughes Medical Institute bought a new stake in shares of Comcast in the 2nd quarter valued at $29,000. Imprint Wealth LLC acquired a new position in shares of Comcast during the third quarter valued at about $26,000. Newbridge Financial Services Group Inc. acquired a new position in Comcast during the 2nd quarter worth approximately $31,000. Finally, United Financial Planning Group LLC acquired a new position in shares of Comcast during the third quarter worth approximately $28,000. Institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

CMCSA stock opened at $28.57 on Thursday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. The firm’s 50-day moving average price is $30.24 and its two-hundred day moving average price is $29.77. The stock has a market capitalization of $102.79 billion, a price-to-earnings ratio of 5.32, a PEG ratio of 2.35 and a beta of 0.79. Comcast Corporation has a 12-month low of $25.75 and a 12-month high of $37.72.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, January 29th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.09. The company had revenue of $32.31 billion for the quarter, compared to analysts’ expectations of $32.35 billion. Comcast had a return on equity of 16.86% and a net margin of 16.17%.Comcast’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period last year, the firm earned $0.96 earnings per share. As a group, equities analysts predict 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, April 22nd. Stockholders of record on Wednesday, April 1st will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $1.32 annualized dividend and a dividend yield of 4.6%. Comcast’s payout ratio is 24.58%.

Insider Activity at Comcast

In related news, CEO Michael J. Cavanagh sold 57,947 shares of the company’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $32.66, for a total transaction 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 represents a 8.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.32% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Zacks Research cut Comcast from a “hold” rating to a “strong sell” rating in a research report on Friday, February 20th. Weiss Ratings restated a “hold (c-)” rating on shares of Comcast in a research note on Friday, January 9th. UBS Group dropped their target price on Comcast from $36.00 to $32.00 and set a “neutral” rating on the stock in a research report on Friday, January 30th. BNP Paribas Exane downgraded Comcast from a “neutral” rating to an “underperform” rating and set a $27.00 price objective on the stock. in a research report on Tuesday, February 24th. Finally, TD Cowen lowered their price objective on shares of Comcast from $40.00 to $39.00 and set a “buy” rating on the stock in a research report on Friday, January 30th. Ten equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $34.87.

Comcast 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.