NN Investment Partners Holdings N.V. Cuts Stock Holdings in Comcast Co. (NASDAQ:CMCSA)
NN Investment Partners Holdings N.V. trimmed its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 3.5% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 4,392,462 shares of the cable giant’s stock after selling 157,396 shares during the period. Comcast comprises about 1.4% of NN Investment Partners Holdings N.V.’s portfolio, making the stock its 11th largest holding. NN Investment Partners Holdings N.V.’s holdings in Comcast were worth $237,675,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Arlington Partners LLC bought a new position in shares of Comcast during the fourth quarter valued at about $30,000. Bogart Wealth LLC increased its stake in shares of Comcast by 274.7% during the first quarter. Bogart Wealth LLC now owns 562 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 412 shares in the last quarter. Sterling Financial Planning Inc. purchased a new stake in Comcast in the fourth quarter worth approximately $32,000. McCarthy Asset Management Inc. bought a new stake in shares of Comcast during the 4th quarter valued at $34,000. Finally, ADE LLC bought a new stake in Comcast in the 4th quarter valued at $37,000. Institutional investors and hedge funds own 82.56% of the company’s stock.
A number of research analysts have issued reports on the stock. TD Securities upped their price target on shares of Comcast from $68.00 to $70.00 and gave the company a “buy” rating in a research note on Friday. Raymond James raised their price objective on shares of Comcast from $61.00 to $63.00 and gave the stock an “outperform” rating in a report on Friday. Oppenheimer upgraded shares of Comcast from a “market perform” rating to an “outperform” rating and set a $75.00 price objective on the stock in a research report on Friday. Deutsche Bank Aktiengesellschaft upped their price target on Comcast from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Morgan Stanley raised their price target on Comcast from $62.00 to $65.00 and gave the company an “overweight” rating in a report on Wednesday, March 10th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and fifteen have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $61.75.
Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, April 29th. The cable giant reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.17. Comcast had a net margin of 9.90% and a return on equity of 15.45%. The business had revenue of $27.21 billion for the quarter, compared to analysts’ expectations of $26.83 billion. During the same period in the previous year, the business earned $0.77 earnings per share. The company’s revenue was up 2.2% on a year-over-year basis. Analysts expect that Comcast Co. will post 2.54 earnings per share for the current year.
In related news, CEO Brian L. Roberts sold 709,673 shares of Comcast stock in a transaction on Friday, April 30th. The shares were sold at an average price of $55.20, for a total value of $39,173,949.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.14% of the company’s stock.
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, wireless, and security and automation services to residential and business customers under the Xfinity brand, as well as sells advertising.
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