JB Capital LLC Sells 406,896 Shares of Comcast Corporation $CMCSA

JB Capital LLC lowered its holdings in Comcast Corporation (NASDAQ:CMCSA) by 79.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 103,974 shares of the cable giant’s stock after selling 406,896 shares during the period. JB Capital LLC’s holdings in Comcast were worth $3,108,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Brighton Jones LLC increased its position in Comcast by 150.9% in the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock valued at $6,240,000 after acquiring an additional 99,986 shares in the last quarter. Voya Financial Advisors Inc. lifted its position in shares of Comcast by 3.2% during the second quarter. Voya Financial Advisors Inc. now owns 83,883 shares of the cable giant’s stock worth $2,963,000 after purchasing an additional 2,593 shares in the last quarter. United Bank grew its stake in shares of Comcast by 11.3% during the second quarter. United Bank now owns 42,216 shares of the cable giant’s stock valued at $1,507,000 after purchasing an additional 4,290 shares during the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Comcast in the second quarter valued at approximately $46,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Comcast by 5.8% in the second quarter. EverSource Wealth Advisors LLC now owns 20,912 shares of the cable giant’s stock valued at $746,000 after purchasing an additional 1,152 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Insider Activity at Comcast

In related news, CEO Michael J. Cavanagh sold 57,947 shares of the firm’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $32.66, for a total transaction of $1,892,549.02. Following the sale, the chief executive officer owned 622,336 shares of the company’s stock, valued at approximately $20,325,493.76. This trade represents a 8.52% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.32% of the stock is currently owned by corporate insiders.

Comcast Price Performance

Shares of Comcast stock opened at $27.93 on Friday. The business has a fifty day simple moving average of $30.27 and a 200 day simple moving average of $29.35. The stock has a market cap of $100.49 billion, a PE ratio of 5.20, a price-to-earnings-growth ratio of 2.26 and a beta of 0.80. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.96. Comcast Corporation has a 12 month low of $25.75 and a 12 month high of $36.66.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, January 29th. The cable giant reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.09. Comcast had a return on equity of 16.86% and a net margin of 16.17%.The firm had revenue of $32.31 billion for the quarter, compared to analyst estimates of $32.35 billion. During the same quarter in the prior year, the firm posted $0.96 earnings per share. The company’s quarterly revenue was up 1.2% on a year-over-year basis. Research analysts predict that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 1st will be issued a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $1.32 annualized dividend and a dividend yield of 4.7%. Comcast’s payout ratio is 24.58%.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. The Goldman Sachs Group reduced their price objective on Comcast from $30.00 to $28.00 and set a “neutral” rating on the stock in a report on Wednesday, March 25th. Royal Bank Of Canada dropped their target price on Comcast from $32.00 to $31.00 and set a “sector perform” rating for the company in a research report on Friday, January 16th. Deutsche Bank Aktiengesellschaft cut their price target on Comcast from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Friday, January 30th. Bank of America upgraded Comcast from a “neutral” rating to a “buy” rating and raised their price target for the company from $31.00 to $37.00 in a report on Monday, January 12th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Comcast in a research report on Friday, January 9th. Ten investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Comcast currently has an average rating of “Hold” and an average price target of $34.71.

About Comcast

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.