JGP Wealth Management LLC Reduces Position in Comcast Co. (NASDAQ:CMCSA)

JGP Wealth Management LLC trimmed its position in shares of Comcast Co. (NASDAQ:CMCSA) by 0.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 224,364 shares of the cable giant’s stock after selling 1,833 shares during the period. JGP Wealth Management LLC’s holdings in Comcast were worth $8,420,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ritholtz Wealth Management boosted its position in Comcast by 1.0% in the 4th quarter. Ritholtz Wealth Management now owns 94,861 shares of the cable giant’s stock valued at $3,560,000 after buying an additional 972 shares during the period. Heritage Family Offices LLP boosted its position in Comcast by 6.0% in the 4th quarter. Heritage Family Offices LLP now owns 29,131 shares of the cable giant’s stock valued at $1,093,000 after buying an additional 1,657 shares during the period. Flywheel Private Wealth LLC purchased a new stake in Comcast in the 4th quarter valued at about $212,000. Winch Advisory Services LLC boosted its position in Comcast by 269.9% in the 4th 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 during the period. Finally, Sendero Wealth Management LLC boosted its position in Comcast by 49.3% in the 4th quarter. Sendero Wealth Management LLC now owns 42,257 shares of the cable giant’s stock valued at $1,586,000 after buying an additional 13,962 shares during the period. 84.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CMCSA has been the subject of several recent research reports. Wells Fargo & Company reduced their price target on shares of Comcast from $46.00 to $45.00 and set an “equal weight” rating for the company in a report on Monday, January 6th. Seaport Res Ptn upgraded shares of Comcast from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. KeyCorp boosted their price target on shares of Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Scotiabank upgraded shares of Comcast from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the company from $47.75 to $48.00 in a report on Friday, November 1st. Finally, TD Cowen reduced their price objective on shares of Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $47.33.

Comcast Stock Down 0.5 %

CMCSA stock opened at $36.31 on Friday. The firm’s fifty day simple moving average is $40.27 and its 200-day simple moving average is $40.20. The company has a market capitalization of $138.94 billion, a P/E ratio of 9.76, a price-to-earnings-growth ratio of 1.33 and a beta of 1.01. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. Comcast Co. has a 12 month low of $36.15 and a 12 month high of $47.11.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, beating the consensus estimate of $1.06 by $0.06. The business had revenue of $32.07 billion for the quarter, compared to the consensus estimate of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.08 EPS. As a group, equities research analysts forecast that Comcast Co. will post 4.25 earnings per share for the current year.

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s dividend payout ratio (DPR) is presently 33.33%.

Insider Buying and Selling

In other Comcast news, CEO Brian L. Roberts sold 234,464 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total transaction 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, President Michael J. Cavanagh sold 25,537 shares of the company’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the transaction, the president now owns 534,849 shares of the company’s stock, valued at $22,779,218.91. This represents a 4.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by insiders.

About Comcast

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.