Comcast Co. (NASDAQ:CMCSA) Position Lowered by J.P. Marvel Investment Advisors LLC

J.P. Marvel Investment Advisors LLC decreased its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 4.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 51,788 shares of the cable giant’s stock after selling 2,568 shares during the period. J.P. Marvel Investment Advisors LLC’s holdings in Comcast were worth $1,944,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Winch Advisory Services LLC lifted its position in shares of 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. Safe Harbor Fiduciary LLC bought a new position in Comcast in the third quarter worth about $30,000. Roxbury Financial LLC bought a new position in Comcast in the fourth quarter worth about $27,000. McClarren Financial Advisors Inc. lifted its holdings in Comcast by 365.4% in the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after acquiring an additional 570 shares during the last quarter. Finally, Wingate Wealth Advisors Inc. bought a new position in Comcast in the fourth quarter worth about $28,000. Institutional investors own 84.32% of the company’s stock.

Comcast Trading Up 0.0 %

Comcast stock opened at $35.39 on Friday. The company has a 50 day moving average price of $36.93 and a 200 day moving average price of $39.72. Comcast Co. has a 52 week low of $32.50 and a 52 week high of $45.31. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.72 and a current ratio of 0.68. The firm has a market capitalization of $133.81 billion, a price-to-earnings ratio of 8.53, a P/E/G ratio of 1.69 and a beta of 1.00.

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, beating 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%. Research analysts forecast that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be issued a dividend of $0.33 per share. The ex-dividend date is Wednesday, April 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.73%. This is an increase from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio (DPR) is currently 29.88%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CMCSA shares. Bank of America cut shares of Comcast from a “buy” rating to a “neutral” rating and cut their target price for the stock from $50.00 to $38.00 in a report on Friday, January 31st. Macquarie dropped their price target on shares of Comcast from $42.00 to $36.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 3rd. The Goldman Sachs Group dropped their price target on shares of Comcast from $50.00 to $44.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Finally, KeyCorp raised their price target on shares of Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Nine investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Comcast has a consensus rating of “Moderate Buy” and a consensus target price of $44.13.

Insider Activity

In related news, CEO Brian L. Roberts sold 234,464 shares of Comcast stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total value of $10,002,234.24. Following the transaction, the chief executive officer now owns 6,669,928 shares in the company, valued at $284,539,128.48. This trade represents a 3.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, President Michael J. Cavanagh sold 25,537 shares of Comcast 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 completion of the transaction, the president now owns 534,849 shares in the company, valued at $22,779,218.91. This trade represents a 4.56 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is owned by insiders.

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.