JGP Wealth Management LLC Has $15.97 Million Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

JGP Wealth Management LLC boosted its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 3.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 364,291 shares of the cable giant’s stock after purchasing an additional 10,900 shares during the quarter. Comcast accounts for approximately 2.4% of JGP Wealth Management LLC’s holdings, making the stock its 9th biggest position. JGP Wealth Management LLC’s holdings in Comcast were worth $15,974,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. NewSquare Capital LLC raised its position in Comcast by 94.1% in the 3rd quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock valued at $28,000 after purchasing an additional 302 shares during the last quarter. OLD Point Trust & Financial Services N A acquired a new stake in shares of Comcast during the second quarter worth about $27,000. Quilter Plc bought a new position in Comcast in the first quarter valued at approximately $695,100,000. DHJJ Financial Advisors Ltd. bought a new stake in shares of Comcast during the third quarter worth $33,000. Finally, WFA of San Diego LLC acquired a new stake in shares of Comcast during the second quarter worth $32,000. Institutional investors own 82.85% of the company’s stock.

Insider Buying and Selling at Comcast

In other news, President Michael J. Cavanagh sold 114,749 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $46.10, for a total value of $5,289,928.90. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.18% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. StockNews.com raised shares of Comcast from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Wells Fargo & Company increased their price objective on shares of Comcast from $45.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Friday, January 26th. Rosenblatt Securities lifted their target price on Comcast from $44.00 to $46.00 and gave the company a “neutral” rating in a research report on Friday, December 22nd. Redburn Atlantic cut Comcast from a “buy” rating to a “neutral” rating and reduced their price target for the company from $50.00 to $44.00 in a research report on Thursday, February 15th. Finally, Pivotal Research upped their price objective on Comcast from $55.00 to $58.00 and gave the stock a “buy” rating in a research note on Wednesday, December 13th. Nine equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $49.67.

Comcast Trading Up 0.8 %

NASDAQ:CMCSA traded up $0.35 during trading hours on Monday, hitting $43.12. 21,627,787 shares of the company were exchanged, compared to its average volume of 20,390,053. The stock has a market capitalization of $171.27 billion, a price-to-earnings ratio of 11.59, a price-to-earnings-growth ratio of 0.95 and a beta of 0.98. Comcast Co. has a one year low of $35.28 and a one year high of $47.46. The company has a fifty day simple moving average of $43.13 and a 200 day simple moving average of $43.32. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.14.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, January 25th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.04. Comcast had a net margin of 12.66% and a return on equity of 19.75%. The firm had revenue of $31.25 billion for the quarter, compared to the consensus estimate of $30.41 billion. Sell-side analysts expect that Comcast Co. will post 4.31 EPS for the current fiscal year.

Comcast Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 3rd will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date is Tuesday, April 2nd. This is a boost from Comcast’s previous quarterly dividend of $0.29. Comcast’s dividend payout ratio (DPR) is 31.18%.

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.