Amundi Pioneer Asset Management Inc. trimmed its position in Comcast Co. (NASDAQ:CMCSA) by 11.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,216,116 shares of the cable giant’s stock after selling 677,614 shares during the quarter. Amundi Pioneer Asset Management Inc. owned 0.11% of Comcast worth $208,541,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of CMCSA. Clean Yield Group purchased a new position in Comcast during the first quarter worth approximately $25,000. Mackey Komara & Dankovich LLC purchased a new position in Comcast during the first quarter worth approximately $27,000. Acima Private Wealth LLC purchased a new position in Comcast during the fourth quarter worth approximately $25,000. Catamount Wealth Management purchased a new position in Comcast during the first quarter worth approximately $52,000. Finally, Nalls Sherbakoff Group LLC purchased a new position in Comcast during the fourth quarter worth approximately $46,000. Institutional investors and hedge funds own 82.57% of the company’s stock.
In related news, SVP Daniel C. Murdock sold 1,701 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $41.46, for a total value of $70,523.46. Following the completion of the transaction, the senior vice president now owns 4,712 shares of the company’s stock, valued at approximately $195,359.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP David L. Cohen sold 4,467 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $41.88, for a total transaction of $187,077.96. Following the completion of the transaction, the executive vice president now directly owns 252,566 shares of the company’s stock, valued at approximately $10,577,464.08. The disclosure for this sale can be found here. In the last 90 days, insiders sold 463,801 shares of company stock worth $20,095,992. 1.35% of the stock is currently owned by company insiders.
Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, April 25th. The cable giant reported $0.76 EPS for the quarter, beating the consensus estimate of $0.68 by $0.08. Comcast had a net margin of 12.34% and a return on equity of 17.04%. The company had revenue of $26.86 billion for the quarter, compared to analyst estimates of $27.27 billion. During the same quarter last year, the business earned $0.66 earnings per share. Comcast’s revenue was up 17.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Comcast Co. will post 3.03 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Wednesday, July 3rd will be given a $0.21 dividend. The ex-dividend date of this dividend is Tuesday, July 2nd. This represents a $0.84 annualized dividend and a yield of 1.89%. Comcast’s dividend payout ratio (DPR) is 32.94%.
Several research firms have recently weighed in on CMCSA. TD Securities decreased their target price on West Fraser Timber from C$83.00 to C$80.00 and set a “buy” rating on the stock in a research report on Monday, April 29th. KeyCorp raised their target price on T-Mobile Us from $76.00 to $88.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. Royal Bank of Canada increased their price target on PVH to $145.00 and gave the company an “outperform” rating in a report on Friday, March 29th. Barclays set a $46.00 target price on D. R. Horton and gave the stock a “buy” rating in a research note on Friday, April 26th. Finally, Goldman Sachs Group cut EXPERIAN PLC/ADR from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 10th. Six research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. Comcast presently has a consensus rating of “Buy” and a consensus price target of $44.92.
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, and security and automation services to residential and business customers under the Xfinity name; and advertising services.
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