St. James Investment Company LLC lessened its stake in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 4.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 533,228 shares of the cable giant's stock after selling 24,955 shares during the period. Comcast accounts for about 3.5% of St. James Investment Company LLC's portfolio, making the stock its 12th largest position. St. James Investment Company LLC's holdings in Comcast were worth $20,012,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Promus Capital LLC acquired a new position in Comcast during the fourth quarter worth $25,000. Winch Advisory Services LLC boosted its holdings in Comcast by 269.9% during the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant's stock worth $26,000 after purchasing an additional 502 shares during the last quarter. Roxbury Financial LLC bought a new position in shares of Comcast during the 4th quarter worth approximately $27,000. Wingate Wealth Advisors Inc. bought a new position in shares of Comcast in the fourth quarter valued at approximately $28,000. Finally, Safe Harbor Fiduciary LLC purchased a new stake in shares of Comcast during the third quarter valued at approximately $30,000. 84.32% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on CMCSA shares. Rosenblatt Securities decreased their target price on Comcast from $45.00 to $36.00 and set a "neutral" rating for the company in a research report on Monday, February 3rd. StockNews.com upgraded shares of Comcast from a "buy" rating to a "strong-buy" rating in a research note on Thursday, February 27th. UBS Group reduced their price objective on Comcast from $47.00 to $40.00 and set a "neutral" rating for the company in a report on Tuesday, March 25th. Morgan Stanley lowered their target price on Comcast from $45.00 to $38.00 and set an "equal weight" rating on the stock in a research note on Friday, January 31st. Finally, Benchmark lowered their price objective on Comcast from $57.00 to $55.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Ten equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $43.08.
Read Our Latest Stock Analysis on Comcast
Comcast Trading Down 3.5 %
Comcast stock traded down $1.27 during mid-day trading on Friday, hitting $34.45. The company's stock had a trading volume of 13,054,270 shares, compared to its average volume of 21,443,896. The business has a 50 day moving average price of $35.84 and a 200-day moving average price of $38.92. Comcast Co. has a 12 month low of $32.50 and a 12 month high of $45.31. The stock has a market cap of $130.27 billion, a price-to-earnings ratio of 8.31, a price-to-earnings-growth ratio of 1.78 and a beta of 0.94. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68.
Comcast (NASDAQ:CMCSA - Get Free Report) last issued its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share 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, analysts forecast that Comcast Co. will post 4.33 EPS for the current year.
Comcast Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 3.83%. This is an increase from Comcast's previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. Comcast's payout ratio is presently 31.81%.
Comcast Company 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, sky-branded entertainment television networks, and advertising.
Featured Articles
Before you consider Comcast, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Comcast wasn't on the list.
While Comcast currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
