APG Asset Management N.V. Has $454,753,000 Position in Comcast Corporation (CMCSA)
APG Asset Management N.V. maintained its stake in shares of Comcast Corporation (NASDAQ:CMCSA) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,684,301 shares of the cable giant’s stock at the end of the second quarter. Comcast Corporation makes up approximately 0.8% of APG Asset Management N.V.’s investment portfolio, making the stock its 18th largest position. APG Asset Management N.V. owned about 0.25% of Comcast Corporation worth $454,753,000 as of its most recent filing with the SEC.
Other hedge funds have also recently modified their holdings of the company. Patriot Financial Group Insurance Agency LLC raised its stake 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 in the last quarter. OLD Second National Bank of Aurora raised its stake 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 in the last quarter. Zions Bancorporation raised its stake 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 in the last quarter. Orrstown Financial Services Inc. raised its stake 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 in the last quarter. Finally, CT Financial Advisors LLC raised its stake 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 in the last quarter. 82.87% of the stock is owned by institutional investors.
Comcast Corporation (NASDAQ:CMCSA) traded down 1.370% during midday trading on Thursday, hitting $40.675. The company had a trading volume of 5,388,543 shares. Comcast Corporation has a 1-year low of $30.02 and a 1-year high of $42.18. The company has a 50 day moving average price of $39.65 and a 200 day moving average price of $38.88. The firm has a market capitalization of $191.72 billion, a P/E ratio of 20.491 and a beta of 1.01.
Comcast Corporation (NASDAQ:CMCSA) last posted its quarterly earnings data 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 return on equity of 16.80% and a net margin of 11.45%. The company had revenue of $21.17 billion for the quarter, compared to analysts’ expectations of $20.85 billion. During the same period in the previous year, the firm posted $0.83 EPS. Comcast Corporation’s revenue was up 9.8% compared to the same quarter last year. Equities research analysts forecast that Comcast Corporation will post $2.04 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 4th will be paid a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend is Tuesday, October 3rd. Comcast Corporation’s dividend payout ratio (DPR) is 31.74%.
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Several research firms have issued reports on CMCSA. Instinet reissued a “buy” rating and set a $46.00 price target on shares of Comcast Corporation in a report on Wednesday, June 28th. Jefferies Group LLC reissued a “buy” rating and set a $47.00 price target (up previously from $43.00) on shares of Comcast Corporation in a report on Saturday, April 29th. Royal Bank Of Canada boosted their price target on Comcast Corporation from $40.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, May 1st. Goldman Sachs Group, Inc. (The) reissued a “buy” rating on shares of Comcast Corporation in a report on Wednesday, June 28th. Finally, TD Securities began coverage on Comcast Corporation in a report on Thursday, July 13th. They set a “buy” rating and a $51.00 price target for the company. Two analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $45.69.
In other Comcast Corporation news, SVP Daniel C. Murdock sold 3,659 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $39.61, for a total value of $144,932.99. Following the transaction, the senior vice president now directly owns 725 shares of the company’s stock, valued at approximately $28,717.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kenneth J. Bacon sold 7,500 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at $1,085,886. The disclosure for this sale can be found here. Company insiders own 1.28% of the company’s stock.
Comcast Corporation Company Profile
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.
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