Jolley Asset Management LLC Has $4.12 Million Stock Position in Comcast Co. (NASDAQ:CMCSA)
Jolley Asset Management LLC lowered its position in shares of Comcast Co. (NASDAQ:CMCSA) by 4.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 91,523 shares of the cable giant’s stock after selling 4,545 shares during the quarter. Comcast comprises 2.3% of Jolley Asset Management LLC’s holdings, making the stock its 25th biggest position. Jolley Asset Management LLC’s holdings in Comcast were worth $4,116,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of CMCSA. Guidant Wealth Advisors purchased a new position in shares of Comcast in the 3rd quarter worth approximately $31,000. Barnett & Company Inc. increased its stake in Comcast by 427.9% in the fourth quarter. Barnett & Company Inc. now owns 681 shares of the cable giant’s stock valued at $31,000 after acquiring an additional 552 shares during the last quarter. Ogorek Anthony Joseph NY ADV increased its stake in Comcast by 103.6% in the fourth quarter. Ogorek Anthony Joseph NY ADV now owns 733 shares of the cable giant’s stock valued at $32,000 after acquiring an additional 373 shares during the last quarter. Personal Wealth Partners increased its stake in Comcast by 44.2% in the third quarter. Personal Wealth Partners now owns 790 shares of the cable giant’s stock valued at $36,000 after acquiring an additional 242 shares during the last quarter. Finally, Peddock Capital Advisors LLC purchased a new stake in Comcast during the fourth quarter valued at about $36,000. 82.52% of the stock is owned by institutional investors.
A number of research firms recently weighed in on CMCSA. BidaskClub upgraded shares of Comcast from a “hold” rating to a “buy” rating in a research note on Wednesday. Citigroup lifted their price target on shares of Comcast from $50.00 to $56.00 and gave the company a “buy” rating in a report on Friday, October 4th. Guggenheim set a $57.00 target price on shares of Comcast and gave the stock a “buy” rating in a report on Friday, October 25th. TD Securities dropped their price target on shares of Comcast from $57.00 to $54.00 and set a “buy” rating for the company in a research note on Friday, December 20th. Finally, Wolfe Research set a $56.00 price objective on shares of Comcast and gave the company a “buy” rating in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $50.83.
Shares of NASDAQ CMCSA traded down $1.18 during trading hours on Friday, hitting $44.47. 2,267,047 shares of the stock were exchanged, compared to its average volume of 16,276,030. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.33. The company has a market cap of $215.82 billion, a PE ratio of 16.48, a PEG ratio of 1.20 and a beta of 1.05. The firm has a fifty day moving average price of $44.91 and a 200-day moving average price of $44.62. Comcast Co. has a 12 month low of $34.67 and a 12 month high of $47.74.
Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, January 23rd. The cable giant reported $0.79 EPS for the quarter, topping the consensus estimate of $0.75 by $0.04. Comcast had a net margin of 11.45% and a return on equity of 17.97%. The firm had revenue of $28.40 billion during the quarter, compared to analyst estimates of $28.18 billion. During the same quarter in the previous year, the business posted $0.72 EPS. Comcast’s revenue was up 2.0% on a year-over-year basis. As a group, equities analysts anticipate that Comcast Co. will post 3.09 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 1st will be paid a dividend of $0.23 per share. This is a positive change from Comcast’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $0.92 dividend on an annualized basis and a yield of 2.07%. Comcast’s dividend payout ratio is presently 32.94%.
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.
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