Comcast Corporation $CMCSA Stock Holdings Cut by ASR Vermogensbeheer N.V.

ASR Vermogensbeheer N.V. reduced its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 2.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 479,689 shares of the cable giant’s stock after selling 9,741 shares during the quarter. ASR Vermogensbeheer N.V.’s holdings in Comcast were worth $17,118,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Inlight Wealth Management LLC bought a new position in Comcast during the 1st quarter valued at $26,000. Cranbrook Wealth Management LLC boosted its stake in shares of Comcast by 86.0% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock worth $27,000 after acquiring an additional 350 shares in the last quarter. Global Trust Asset Management LLC boosted its stake in shares of Comcast by 906.8% during the 2nd quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock worth $27,000 after acquiring an additional 671 shares in the last quarter. Abound Financial LLC bought a new stake in shares of Comcast during the 1st quarter worth $29,000. Finally, Ransom Advisory Ltd bought a new stake in shares of Comcast during the 1st quarter worth $29,000. 84.32% of the stock is owned by institutional investors.

Comcast Price Performance

CMCSA opened at $30.94 on Thursday. The stock has a fifty day moving average of $32.89 and a 200-day moving average of $34.24. The firm has a market capitalization of $114.24 billion, a P/E ratio of 5.11, a PEG ratio of 1.84 and a beta of 0.94. Comcast Corporation has a 12-month low of $30.90 and a 12-month high of $45.31. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.99.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, July 31st. The cable giant reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.18 by $0.07. The company had revenue of $30.31 billion during the quarter, compared to analyst estimates of $29.81 billion. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.21 earnings per share. Equities analysts forecast that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Wednesday, October 1st. Comcast’s dividend payout ratio (DPR) is currently 21.82%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Arete Research raised Comcast to a “hold” rating in a research note on Tuesday, July 8th. Loop Capital reduced their price objective on Comcast from $44.00 to $43.00 and set a “buy” rating for the company in a research note on Wednesday. Bank of America reduced their price objective on Comcast from $38.00 to $36.00 and set a “neutral” rating for the company in a research note on Monday. Rosenblatt Securities raised their price objective on Comcast from $37.00 to $38.00 and gave the stock a “neutral” rating in a research note on Monday, August 4th. Finally, Scotiabank raised their price objective on Comcast from $44.50 to $45.00 and gave the stock a “sector perform” rating in a research note on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, thirteen have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $40.07.

Comcast 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.