JGP Wealth Management LLC Lowers Position in Comcast Corporation $CMCSA

JGP Wealth Management LLC decreased its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 96.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,876 shares of the cable giant’s stock after selling 170,426 shares during the quarter. JGP Wealth Management LLC’s holdings in Comcast were worth $209,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Capital A Wealth Management LLC boosted its holdings in shares of Comcast by 173.7% during the 2nd quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant’s stock valued at $25,000 after purchasing an additional 436 shares during the last quarter. Cranbrook Wealth Management LLC lifted its position in shares of Comcast by 86.0% in the second quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock worth $27,000 after buying an additional 350 shares in the last quarter. Global Trust Asset Management LLC boosted its stake in Comcast by 906.8% during the second quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock valued at $27,000 after buying an additional 671 shares during the last quarter. Avalon Trust Co grew its holdings in Comcast by 433.3% during the 2nd quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock valued at $27,000 after buying an additional 624 shares in the last quarter. Finally, Ransom Advisory Ltd bought a new stake in Comcast in the 1st quarter worth approximately $29,000. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Trading Up 1.2%

Shares of CMCSA opened at $29.74 on Friday. The company’s fifty day simple moving average is $28.01 and its 200-day simple moving average is $31.51. The company has a market cap of $108.37 billion, a P/E ratio of 4.95, a P/E/G ratio of 2.05 and a beta of 0.83. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. Comcast Corporation has a twelve month low of $25.75 and a twelve month high of $38.46.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. Comcast had a net margin of 18.33% and a return on equity of 18.06%. The firm had revenue of $30.34 billion during the quarter. As a group, analysts expect that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 14th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, January 14th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.4%. Comcast’s dividend payout ratio is currently 21.96%.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Zacks Research raised Comcast from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 9th. Pivotal Research reduced their price target on shares of Comcast from $40.00 to $36.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Williams Trading set a $40.00 price target on shares of Comcast in a research note on Friday, October 31st. Arete Research dropped their price objective on shares of Comcast from $39.00 to $33.00 and set a “neutral” rating for the company in a research note on Tuesday, October 28th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Comcast from $38.00 to $33.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. Eleven analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $35.92.

Comcast Profile

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.