Achmea Investment Management B.V. bought a new position in shares of Comcast Corporation (NASDAQ:CMCSA) during the first quarter, Holdings Channel reports. The fund bought 283,952 shares of the cable giant’s stock, valued at approximately $10,674,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CMCSA. Patriot Financial Group Insurance Agency LLC raised its position in Comcast Corporation by 100.0% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 2,680 shares of the cable giant’s stock valued at $100,000 after buying an additional 1,340 shares during the period. OLD Second National Bank of Aurora raised its position in Comcast Corporation by 56.5% in the first quarter. OLD Second National Bank of Aurora now owns 2,696 shares of the cable giant’s stock valued at $101,000 after buying an additional 973 shares during the period. Zions Bancorporation raised its position in Comcast Corporation by 16.8% in the first quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock valued at $106,000 after buying an additional 410 shares during the period. Orrstown Financial Services Inc. raised its position in Comcast Corporation by 159.3% in the first quarter. Orrstown Financial Services Inc. now owns 2,860 shares of the cable giant’s stock valued at $108,000 after buying an additional 1,757 shares during the period. Finally, CT Financial Advisors LLC raised its position in Comcast Corporation by 109.4% in the first quarter. CT Financial Advisors LLC now owns 2,894 shares of the cable giant’s stock valued at $109,000 after buying an additional 1,512 shares during the period. Hedge funds and other institutional investors own 82.87% of the company’s stock.

Shares of Comcast Corporation (NASDAQ CMCSA) traded down 1.48% during trading on Tuesday, reaching $41.28. The company’s stock had a trading volume of 4,007,248 shares. The stock has a market capitalization of $194.57 billion, a price-to-earnings ratio of 20.80 and a beta of 1.01. The company’s 50-day moving average price is $39.54 and its 200 day moving average price is $38.83. Comcast Corporation has a 1-year low of $30.02 and a 1-year high of $42.18.

Comcast Corporation (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, July 27th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.04. Comcast Corporation had a net margin of 11.45% and a return on equity of 16.80%. The firm had revenue of $21.17 billion during the quarter, compared to analyst estimates of $20.85 billion. During the same quarter in the prior year, the business posted $0.83 earnings per share. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. Analysts anticipate that Comcast Corporation will post $2.04 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 4th will be given a $0.1575 dividend. This represents a $0.63 annualized dividend and a yield of 1.50%. The ex-dividend date is Tuesday, October 3rd. Comcast Corporation’s dividend payout ratio (DPR) is presently 31.74%.

COPYRIGHT VIOLATION NOTICE: This report was first reported by Watch List News and is the property of of Watch List News. If you are accessing this report on another publication, it was illegally stolen and republished in violation of US & international copyright and trademark legislation. The original version of this report can be accessed at https://www.watchlistnews.com/achmea-investment-management-b-v-takes-position-in-comcast-corporation-cmcsa/1490546.html.

CMCSA has been the topic of several research reports. Morgan Stanley reissued an “overweight” rating and issued a $44.00 price objective (up from $43.00) on shares of Comcast Corporation in a research report on Thursday, July 6th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating on shares of Comcast Corporation in a research report on Wednesday, June 28th. Credit Suisse Group raised their price objective on Comcast Corporation from $41.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, May 15th. Jefferies Group LLC reissued a “buy” rating and issued a $47.00 price objective on shares of Comcast Corporation in a research report on Friday, July 7th. Finally, SunTrust Banks, Inc. initiated coverage on Comcast Corporation in a research report on Tuesday, April 18th. They issued a “buy” rating and a $45.00 price objective on the stock. Two analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $45.69.

In related news, SVP Daniel C. Murdock sold 3,659 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $39.61, for a total value of $144,932.99. Following the completion of the transaction, the senior vice president now owns 725 shares of the company’s stock, valued at $28,717.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kenneth J. Bacon sold 7,500 shares of the stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $40.50, for a total transaction of $303,750.00. Following the completion of the transaction, the director now directly owns 26,812 shares of the company’s stock, valued at approximately $1,085,886. The disclosure for this sale can be found here. Corporate insiders own 1.28% of the company’s stock.

About Comcast Corporation

Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.

Want to see what other hedge funds are holding CMCSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comcast Corporation (NASDAQ:CMCSA).

Institutional Ownership by Quarter for Comcast Corporation (NASDAQ:CMCSA)

Receive News & Ratings for Comcast Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.