Assenagon Asset Management S.A. Sells 71,189 Shares of Comcast Co. (NASDAQ:CMCSA)

Assenagon Asset Management S.A. lowered its stake in shares of Comcast Co. (NASDAQ:CMCSAFree Report) by 39.3% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 109,847 shares of the cable giant’s stock after selling 71,189 shares during the period. Assenagon Asset Management S.A.’s holdings in Comcast were worth $4,871,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in CMCSA. Ironwood Wealth Management LLC. boosted its stake in shares of Comcast by 2.4% in the 1st quarter. Ironwood Wealth Management LLC. now owns 15,458 shares of the cable giant’s stock worth $724,000 after buying an additional 363 shares during the last quarter. United Bank boosted its stake in shares of Comcast by 17.4% in the 1st quarter. United Bank now owns 37,271 shares of the cable giant’s stock worth $1,745,000 after buying an additional 5,532 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Comcast by 29.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,063,697 shares of the cable giant’s stock worth $190,261,000 after buying an additional 928,627 shares during the last quarter. Covestor Ltd boosted its stake in shares of Comcast by 104.4% in the 1st quarter. Covestor Ltd now owns 3,472 shares of the cable giant’s stock worth $163,000 after buying an additional 1,773 shares during the last quarter. Finally, First Western Trust Bank purchased a new position in shares of Comcast in the 1st quarter worth approximately $482,000. Institutional investors and hedge funds own 82.85% of the company’s stock.

Comcast Stock Up 1.2 %

Shares of NASDAQ:CMCSA opened at $46.65 on Wednesday. Comcast Co. has a 52-week low of $34.63 and a 52-week high of $47.46. The firm has a fifty day moving average of $43.41 and a 200 day moving average of $43.89. The firm has a market capitalization of $187.77 billion, a PE ratio of 12.54, a price-to-earnings-growth ratio of 1.03 and a beta of 1.01. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.70 and a current ratio of 0.60.

Comcast (NASDAQ:CMCSAGet Free Report) last announced its earnings results on Thursday, January 25th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.04. Comcast had a net margin of 12.66% and a return on equity of 19.75%. The company had revenue of $31.25 billion during the quarter, compared to analyst estimates of $30.41 billion. As a group, research analysts anticipate that Comcast Co. will post 4.32 EPS for the current fiscal year.

Comcast Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 3rd will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.66%. This is a positive change from Comcast’s previous quarterly dividend of $0.29. The ex-dividend date is Tuesday, April 2nd. Comcast’s dividend payout ratio is presently 31.18%.

Analyst Ratings Changes

A number of research firms recently commented on CMCSA. Citigroup lifted their price target on shares of Comcast from $51.00 to $53.00 and gave the stock a “buy” rating in a report on Tuesday. Pivotal Research lifted their price target on shares of Comcast from $55.00 to $58.00 and gave the stock a “buy” rating in a report on Wednesday, December 13th. StockNews.com cut shares of Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, November 10th. Wells Fargo & Company boosted their target price on shares of Comcast from $45.00 to $50.00 and gave the company an “equal weight” rating in a report on Friday, January 26th. Finally, Barclays lowered their target price on shares of Comcast from $47.00 to $44.00 and set an “equal weight” rating on the stock in a report on Monday, October 30th. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Comcast presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.95.

Get Our Latest Research Report on Comcast

Insider Buying and Selling at Comcast

In other Comcast news, President Michael J. Cavanagh sold 114,749 shares of the company’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $46.10, for a total transaction of $5,289,928.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.18% of the company’s stock.

Comcast Profile

(Free Report)

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, advertising sales, and Sky channels.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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