ING Groep NV Sells 15,565 Shares of Comcast Co. (NASDAQ:CMCSA)

ING Groep NV lowered its stake in Comcast Co. (NASDAQ:CMCSA) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,725,707 shares of the cable giant’s stock after selling 15,565 shares during the period. ING Groep NV’s holdings in Comcast were worth $64,766,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Winch Advisory Services LLC boosted its stake in Comcast by 269.9% in the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after buying an additional 502 shares in the last quarter. Roxbury Financial LLC acquired a new stake in Comcast in the fourth quarter valued at about $27,000. Wingate Wealth Advisors Inc. acquired a new stake in Comcast in the fourth quarter valued at about $28,000. Safe Harbor Fiduciary LLC acquired a new stake in Comcast in the third quarter valued at about $30,000. Finally, Iron Horse Wealth Management LLC boosted its stake in Comcast by 220.3% in the third quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock valued at $32,000 after buying an additional 522 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Trading Up 0.4 %

NASDAQ CMCSA opened at $36.48 on Thursday. The company has a market cap of $137.93 billion, a price-to-earnings ratio of 8.79, a P/E/G ratio of 1.73 and a beta of 1.00. Comcast Co. has a 52 week low of $32.50 and a 52 week high of $45.31. The business has a 50 day moving average price of $36.73 and a 200-day moving average price of $39.62. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, beating the consensus estimate of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. As a group, equities analysts expect that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.32 annualized dividend and a yield of 3.62%. This is an increase from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio is 31.81%.

Insider Buying and Selling

In other Comcast news, President Michael J. Cavanagh sold 25,537 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total value of $1,087,620.83. Following the transaction, the president now owns 534,849 shares of the company’s stock, valued at approximately $22,779,218.91. The trade was a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Brian L. Roberts sold 234,464 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total value of $10,002,234.24. Following the completion of the transaction, the chief executive officer now directly owns 6,669,928 shares in the company, valued at approximately $284,539,128.48. This represents a 3.40 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently weighed in on CMCSA shares. Deutsche Bank Aktiengesellschaft raised their price objective on Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Scotiabank lowered Comcast from a “sector outperform” rating to a “sector perform” rating and cut their price target for the company from $48.00 to $44.50 in a research note on Monday, February 3rd. Seaport Res Ptn raised Comcast from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. JPMorgan Chase & Co. cut their price target on Comcast from $45.00 to $39.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Finally, Macquarie cut their price target on Comcast from $42.00 to $36.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.13.

Comcast Profile

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, sky-branded entertainment television networks, and advertising.