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

APG Asset Management N.V. decreased its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 0.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. 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. owned 0.06% of Comcast worth $70,376,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Aprio Wealth Management LLC raised its position in shares of Comcast by 13.5% during the 3rd quarter. Aprio Wealth Management LLC now owns 15,029 shares of the cable giant’s stock valued at $472,000 after purchasing an additional 1,791 shares during the period. United Bank boosted its holdings in Comcast by 3.9% in the 3rd quarter. United Bank now owns 43,857 shares of the cable giant’s stock worth $1,378,000 after buying an additional 1,641 shares during the period. Rafferty Asset Management LLC increased its stake in Comcast by 6.8% in the 3rd quarter. Rafferty Asset Management LLC now owns 701,405 shares of the cable giant’s stock worth $22,038,000 after buying an additional 44,713 shares in the last quarter. Boston Research & Management Inc. raised its holdings in Comcast by 2.1% during the third quarter. Boston Research & Management Inc. now owns 139,866 shares of the cable giant’s stock valued at $4,394,000 after acquiring an additional 2,851 shares during the period. Finally, Andra AP fonden raised its holdings in Comcast by 34.0% during the third quarter. Andra AP fonden now owns 678,421 shares of the cable giant’s stock valued at $21,316,000 after acquiring an additional 172,100 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Insider Buying and Selling

In other Comcast news, CEO Michael J. Cavanagh sold 57,947 shares of the business’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $32.66, for a total transaction of $1,892,549.02. Following the transaction, the chief executive officer owned 622,336 shares in the company, valued at $20,325,493.76. The trade was a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.32% of the stock is owned by insiders.

Analysts Set New Price Targets

CMCSA has been the subject of several research analyst reports. Zacks Research cut Comcast from a “hold” rating to a “strong sell” rating in a research report on Friday, February 20th. Pivotal Research downgraded Comcast from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 30th. Daiwa Securities Group cut their price objective on shares of Comcast from $38.00 to $30.00 and set an “outperform” rating for the company in a report on Tuesday, November 18th. Royal Bank Of Canada lowered their target price on shares of Comcast from $32.00 to $31.00 and set a “sector perform” rating on the stock in a report on Friday, January 16th. Finally, UBS Group dropped their target price on shares of Comcast from $36.00 to $32.00 and set a “neutral” rating for the company in a research report on Friday, January 30th. Ten equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $34.87.

Comcast Stock Up 0.4%

Shares of NASDAQ:CMCSA opened at $30.96 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. Comcast Corporation has a 12 month low of $25.75 and a 12 month high of $37.97. The company has a 50-day moving average price of $29.86 and a 200 day moving average price of $30.03. The company has a market cap of $111.39 billion, a price-to-earnings ratio of 5.77, a PEG ratio of 2.41 and a beta of 0.81.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, January 29th. The cable giant reported $0.84 earnings per share 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%.The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.96 earnings per share. As a group, equities research analysts predict that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors of record on Wednesday, April 1st will be given a $0.33 dividend. The ex-dividend date is Wednesday, April 1st. This represents a $1.32 dividend on an annualized basis and a 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.