APG Asset Management N.V. Maintains Stake in Comcast Corporation (CMCSA)

APG Asset Management N.V. held its position in Comcast Corporation (NASDAQ:CMCSA) during the second quarter, Holdings Channel reports. The institutional investor owned 11,684,301 shares of the cable giant’s stock at the end of the second quarter. Comcast Corporation makes up about 0.8% of APG Asset Management N.V.’s holdings, making the stock its 18th largest position. APG Asset Management N.V.’s holdings in Comcast Corporation were worth $454,753,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Patriot Financial Group Insurance Agency LLC increased its position in shares of 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 worth $100,000 after buying an additional 1,340 shares in the last quarter. OLD Second National Bank of Aurora increased its position in shares of 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 worth $101,000 after buying an additional 973 shares in the last quarter. Zions Bancorporation increased its position in shares of Comcast Corporation by 16.8% in the first quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock worth $106,000 after buying an additional 410 shares in the last quarter. Orrstown Financial Services Inc. increased its position in shares of Comcast Corporation by 159.3% in the first quarter. Orrstown Financial Services Inc. now owns 2,860 shares of the cable giant’s stock worth $108,000 after buying an additional 1,757 shares in the last quarter. Finally, CT Financial Advisors LLC increased its position in shares of Comcast Corporation by 109.4% in the first quarter. CT Financial Advisors LLC now owns 2,894 shares of the cable giant’s stock worth $109,000 after buying an additional 1,512 shares in the last quarter. 82.87% of the stock is currently owned by institutional investors.

Shares of Comcast Corporation (NASDAQ:CMCSA) traded down 1.370% on Thursday, reaching $40.675. 5,388,543 shares of the company’s stock traded hands. 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 has a 52 week low of $30.02 and a 52 week high of $42.18. The company’s 50-day moving average is $39.65 and its 200-day moving average is $38.88.

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

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 4th will be paid a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a yield of 1.53%. The ex-dividend date is Tuesday, October 3rd. Comcast Corporation’s payout ratio is currently 31.74%.

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A number of equities analysts have recently commented on CMCSA shares. Morgan Stanley reissued an “overweight” rating and issued a $44.00 target price (up previously from $43.00) on shares of Comcast Corporation in a research note on Thursday, July 6th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating on shares of Comcast Corporation in a research note on Wednesday, June 28th. Credit Suisse Group raised their target price on shares of Comcast Corporation from $41.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, May 15th. Jefferies Group LLC reissued a “buy” rating and issued a $47.00 target price on shares of Comcast Corporation in a research note on Friday, July 7th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $45.00 target price on shares of Comcast Corporation in a research note on Sunday, July 9th. Two investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. Comcast Corporation has an average rating of “Buy” and an average price target of $45.69.

In related news, Director Kenneth J. Bacon sold 7,500 shares of the company’s stock in a transaction on Thursday, May 25th. The shares were 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 approximately $1,085,886. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Daniel C. Murdock sold 3,659 shares of the company’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $39.61, for a total transaction of $144,932.99. Following the transaction, the senior vice president now owns 725 shares of the company’s stock, valued at $28,717.25. The disclosure for this sale can be found here. 1.28% of the stock is owned by corporate insiders.

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

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