Comcast Co. (NASDAQ:CMCSA) Shares Sold by Edgar Lomax Co. VA

Edgar Lomax Co. VA lessened its stake in Comcast Co. (NASDAQ:CMCSA) by 1.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 283,510 shares of the cable giant’s stock after selling 5,440 shares during the quarter. Edgar Lomax Co. VA’s holdings in Comcast were worth $10,640,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in CMCSA. Morse Asset Management Inc acquired a new stake in shares of Comcast in the third quarter worth $451,000. Invst LLC boosted its position in Comcast by 8.4% during the 3rd quarter. Invst LLC now owns 39,839 shares of the cable giant’s stock worth $1,664,000 after purchasing an additional 3,077 shares during the period. McIlrath & Eck LLC increased its holdings in Comcast by 14.8% in the 3rd quarter. McIlrath & Eck LLC now owns 2,183 shares of the cable giant’s stock valued at $91,000 after purchasing an additional 282 shares in the last quarter. SkyView Investment Advisors LLC raised its position in Comcast by 6.4% in the third quarter. SkyView Investment Advisors LLC now owns 12,580 shares of the cable giant’s stock valued at $525,000 after purchasing an additional 759 shares during the period. Finally, Tudor Financial Inc. acquired a new position in shares of Comcast during the third quarter worth about $1,301,000. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Trading Up 1.2 %

Comcast stock opened at $33.96 on Friday. Comcast Co. has a 1 year low of $32.20 and a 1 year high of $45.31. The firm’s 50-day moving average is $35.51 and its 200-day moving average is $38.32. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. The company has a market cap of $128.40 billion, a P/E ratio of 8.18, a PEG ratio of 1.78 and a beta of 0.94.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. On average, equities analysts expect that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be paid a dividend of $0.33 per share. This is an increase from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date is Wednesday, April 2nd. Comcast’s dividend payout ratio is presently 31.81%.

Analyst Ratings Changes

CMCSA has been the topic of several analyst reports. Scotiabank raised their target price on Comcast from $44.50 to $45.00 and gave the company a “sector perform” rating in a report on Tuesday, April 8th. Wells Fargo & Company cut shares of Comcast from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $37.00 to $31.00 in a research report on Monday, April 14th. Rosenblatt Securities cut their price objective on shares of Comcast from $45.00 to $36.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. Loop Capital dropped their target price on Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a research report on Thursday, January 2nd. Finally, Citigroup reduced their price target on Comcast from $47.00 to $44.00 and set a “buy” rating for the company in a report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, Comcast currently has a consensus rating of “Moderate Buy” and an average price target of $42.50.

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.