Achmea Investment Management B.V. Reduces Holdings in Comcast Co. (CMCSA)

Achmea Investment Management B.V. lowered its position in Comcast Co. (NASDAQ:CMCSA) by 13.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 206,103 shares of the cable giant’s stock after selling 31,317 shares during the quarter. Achmea Investment Management B.V.’s holdings in Comcast were worth $7,296,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Xact Kapitalforvaltning AB raised its stake in Comcast by 2.3% during the second quarter. Xact Kapitalforvaltning AB now owns 933,509 shares of the cable giant’s stock valued at $30,628,000 after purchasing an additional 20,940 shares in the last quarter. Mckinley Capital Management LLC Delaware purchased a new stake in Comcast during the second quarter valued at $292,000. Bank of Montreal Can raised its stake in Comcast by 7.3% during the second quarter. Bank of Montreal Can now owns 15,703,498 shares of the cable giant’s stock valued at $515,232,000 after purchasing an additional 1,073,395 shares in the last quarter. Benson Investment Management Company Inc. raised its stake in Comcast by 6.6% during the second quarter. Benson Investment Management Company Inc. now owns 91,185 shares of the cable giant’s stock valued at $2,992,000 after purchasing an additional 5,665 shares in the last quarter. Finally, Reliance Trust Co. of Delaware raised its stake in Comcast by 9.1% during the second quarter. Reliance Trust Co. of Delaware now owns 188,659 shares of the cable giant’s stock valued at $6,189,000 after purchasing an additional 15,766 shares in the last quarter. Hedge funds and other institutional investors own 79.99% of the company’s stock.

In other Comcast news, EVP Arthur R. Block sold 1,082 shares of the firm’s stock in a transaction that occurred on Monday, September 24th. The shares were sold at an average price of $35.94, for a total transaction of $38,887.08. Following the completion of the transaction, the executive vice president now directly owns 62,476 shares of the company’s stock, valued at approximately $2,245,387.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Arthur R. Block sold 6,448 shares of the firm’s stock in a transaction that occurred on Thursday, September 27th. The stock was sold at an average price of $35.48, for a total transaction of $228,775.04. Following the transaction, the executive vice president now directly owns 74,644 shares of the company’s stock, valued at $2,648,369.12. The disclosure for this sale can be found here. Company insiders own 1.31% of the company’s stock.

Shares of Comcast stock traded down $1.46 during midday trading on Wednesday, hitting $37.69. The company had a trading volume of 29,398,186 shares, compared to its average volume of 18,130,052. The firm has a market capitalization of $181.18 billion, a P/E ratio of 18.30, a PEG ratio of 1.23 and a beta of 0.92. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.96. Comcast Co. has a 12-month low of $30.43 and a 12-month high of $44.00.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, October 25th. The cable giant reported $0.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.04. The firm had revenue of $22.14 billion during the quarter, compared to analyst estimates of $21.75 billion. Comcast had a net margin of 27.33% and a return on equity of 15.79%. As a group, research analysts anticipate that Comcast Co. will post 2.54 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 23rd. Investors of record on Wednesday, January 2nd will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 2.02%. The ex-dividend date is Monday, December 31st. Comcast’s payout ratio is currently 36.89%.

A number of research firms have weighed in on CMCSA. BidaskClub cut shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Oppenheimer restated a “market perform” rating and issued a $42.00 price target on shares of Comcast in a report on Monday, September 24th. ValuEngine upgraded shares of Comcast from a “sell” rating to a “hold” rating in a report on Wednesday, October 31st. TD Securities cut their price target on shares of Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a report on Tuesday, September 25th. Finally, Barclays started coverage on shares of Comcast in a report on Tuesday, November 13th. They issued an “overweight” rating and a $44.00 price target on the stock. Nine analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $44.61.

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Comcast Company Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.

Read More: Price to Earnings Ratio (PE)

Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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