BNP PARIBAS ASSET MANAGEMENT Holding S.A. Sells 705,639 Shares of Comcast Co. (NASDAQ:CMCSA)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. cut its position in shares of Comcast Co. (NASDAQ:CMCSA) by 25.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,033,155 shares of the cable giant’s stock after selling 705,639 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Comcast were worth $88,137,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Wealthspire Advisors LLC boosted its holdings in Comcast by 4.8% in the fourth quarter. Wealthspire Advisors LLC now owns 60,650 shares of the cable giant’s stock worth $2,659,000 after acquiring an additional 2,781 shares in the last quarter. Everett Harris & Co. CA lifted its holdings in shares of Comcast by 7.7% during the fourth quarter. Everett Harris & Co. CA now owns 1,687,406 shares of the cable giant’s stock valued at $73,993,000 after purchasing an additional 121,279 shares in the last quarter. Desjardins Global Asset Management Inc. lifted its holdings in shares of Comcast by 1.5% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 101,182 shares of the cable giant’s stock valued at $4,438,000 after purchasing an additional 1,486 shares in the last quarter. Brevan Howard Capital Management LP bought a new position in shares of Comcast during the fourth quarter valued at $2,056,000. Finally, Axxcess Wealth Management LLC lifted its holdings in shares of Comcast by 10.5% during the fourth quarter. Axxcess Wealth Management LLC now owns 115,503 shares of the cable giant’s stock valued at $5,065,000 after purchasing an additional 10,936 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

Insider Transactions at Comcast

In other news, major shareholder Corp Comcast sold 3,176,923 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $3.19, for a total value of $10,134,384.37. Following the completion of the transaction, the insider now owns 2,000,000 shares of the company’s stock, valued at $6,380,000. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Scotiabank lowered their price target on Comcast from $50.00 to $47.25 and set a “sector perform” rating on the stock in a report on Friday, April 26th. StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, March 22nd. Oppenheimer reaffirmed an “outperform” rating and set a $55.00 price target on shares of Comcast in a report on Wednesday, April 3rd. Benchmark reaffirmed a “buy” rating and set a $55.00 price target on shares of Comcast in a report on Monday, May 13th. Finally, Evercore ISI reduced their price objective on Comcast from $50.00 to $48.00 and set an “outperform” rating for the company in a research report on Tuesday, July 2nd. One analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, Comcast has an average rating of “Hold” and a consensus price target of $48.53.

Comcast Stock Performance

CMCSA traded up $0.98 during midday trading on Wednesday, reaching $40.59. The company had a trading volume of 31,683,775 shares, compared to its average volume of 20,416,289. The company has a market cap of $159.26 billion, a P/E ratio of 10.74, a P/E/G ratio of 0.97 and a beta of 1.00. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.13. The business has a 50-day moving average of $38.55 and a two-hundred day moving average of $40.85. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.46.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, April 25th. The cable giant reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.06. The firm had revenue of $30.06 billion during the quarter, compared to analyst estimates of $29.83 billion. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.92 earnings per share. As a group, equities research analysts predict that Comcast Co. will post 4.21 earnings per share for the current fiscal year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 24th. Stockholders of record on Wednesday, July 3rd will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date of this dividend is Wednesday, July 3rd. Comcast’s dividend payout ratio (DPR) is 32.80%.

Comcast Company 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.