Comcast Co. (NASDAQ:CMCSA) is St. James Investment Company LLC’s 8th Largest Position

St. James Investment Company LLC trimmed its holdings in shares of Comcast Co. (NASDAQ:CMCSAFree Report) by 4.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 702,709 shares of the cable giant’s stock after selling 32,672 shares during the quarter. Comcast makes up about 4.7% of St. James Investment Company LLC’s investment portfolio, making the stock its 8th largest holding. St. James Investment Company LLC’s holdings in Comcast were worth $31,158,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. OLD Point Trust & Financial Services N A purchased a new position in Comcast during the second quarter valued at approximately $27,000. NewSquare Capital LLC lifted its holdings in Comcast by 94.1% during the third quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock valued at $28,000 after purchasing an additional 302 shares in the last quarter. Fortis Capital Advisors LLC purchased a new position in Comcast during the fourth quarter valued at approximately $29,000. WFA of San Diego LLC purchased a new position in Comcast during the second quarter valued at approximately $32,000. Finally, DHJJ Financial Advisors Ltd. purchased a new position in Comcast during the third quarter valued at approximately $33,000. 82.85% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CMCSA. Barclays lowered their price target on shares of Comcast from $47.00 to $44.00 and set an “equal weight” rating on the stock in a report on Monday, October 30th. Wells Fargo & Company boosted their target price on shares of Comcast from $45.00 to $50.00 and gave the stock an “equal weight” rating in a report on Friday, January 26th. Citigroup upped their target price on shares of Comcast from $51.00 to $53.00 and gave the stock a “buy” rating in a research report on Tuesday, January 30th. StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 10th. Finally, Pivotal Research upped their target price on shares of Comcast from $55.00 to $58.00 and gave the stock a “buy” rating in a research report on Wednesday, December 13th. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Comcast currently has an average rating of “Moderate Buy” and a consensus price target of $49.95.

View Our Latest Research Report on CMCSA

Insider Activity

In related news, President Michael J. Cavanagh sold 114,749 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $46.10, for a total value of $5,289,928.90. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.18% of the company’s stock.

Comcast Trading Down 0.1 %

Shares of CMCSA traded down $0.04 during midday trading on Monday, hitting $45.05. The stock had a trading volume of 4,750,469 shares, compared to its average volume of 17,356,525. Comcast Co. has a 1 year low of $34.63 and a 1 year high of $47.46. The firm has a market cap of $181.33 billion, a PE ratio of 12.12, a price-to-earnings-growth ratio of 1.00 and a beta of 1.02. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.60 and a quick ratio of 0.60. The stock’s 50 day moving average is $43.63 and its 200 day moving average is $43.96.

Comcast (NASDAQ:CMCSAGet Free Report) last announced its earnings results on Thursday, January 25th. The cable giant reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.04. Comcast had a net margin of 12.66% and a return on equity of 19.75%. The business had revenue of $31.25 billion for the quarter, compared to the consensus estimate of $30.41 billion. As a group, analysts forecast that Comcast Co. will post 4.3 EPS for the current fiscal year.

Comcast Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 3rd will be paid a $0.31 dividend. The ex-dividend date of this dividend is Tuesday, April 2nd. This represents a $1.24 annualized dividend and a dividend yield of 2.75%. This is an increase from Comcast’s previous quarterly dividend of $0.29. Comcast’s dividend payout ratio is currently 31.18%.

Comcast 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.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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