Jmac Enterprises LLC Sells 4,391 Shares of Comcast Co. (NASDAQ:CMCSA)

Jmac Enterprises LLC reduced its holdings in Comcast Co. (NASDAQ:CMCSA) by 14.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,987 shares of the cable giant’s stock after selling 4,391 shares during the quarter. Jmac Enterprises LLC’s holdings in Comcast were worth $975,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of CMCSA. AMF Tjanstepension AB increased its holdings in Comcast by 18.9% during the 3rd quarter. AMF Tjanstepension AB now owns 832,594 shares of the cable giant’s stock worth $34,810,000 after purchasing an additional 132,442 shares in the last quarter. Wedge Capital Management L L P NC boosted its position in shares of Comcast by 5.2% during the third quarter. Wedge Capital Management L L P NC now owns 7,873 shares of the cable giant’s stock worth $329,000 after buying an additional 390 shares during the period. CX Institutional grew its holdings in shares of Comcast by 32.0% during the third quarter. CX Institutional now owns 148,384 shares of the cable giant’s stock worth $6,198,000 after buying an additional 35,987 shares in the last quarter. Creative Planning raised its position in Comcast by 2.7% in the 3rd quarter. Creative Planning now owns 959,549 shares of the cable giant’s stock valued at $40,080,000 after buying an additional 24,968 shares during the last quarter. Finally, Iams Wealth Management LLC lifted its stake in Comcast by 1.8% in the 3rd quarter. Iams Wealth Management LLC now owns 44,822 shares of the cable giant’s stock valued at $1,872,000 after acquiring an additional 805 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Insider Activity

In related news, President Michael J. Cavanagh sold 25,537 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total value of $1,087,620.83. Following the completion of the transaction, the president now owns 534,849 shares of the company’s stock, valued at $22,779,218.91. The trade was a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Brian L. Roberts sold 234,464 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total transaction of $10,002,234.24. Following the sale, the chief executive officer now directly owns 6,669,928 shares of the company’s stock, valued at $284,539,128.48. This represents a 3.40 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CMCSA shares. Wells Fargo & Company decreased their price target on shares of Comcast from $45.00 to $37.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. The Goldman Sachs Group lowered 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. Rosenblatt Securities cut their price target on shares of Comcast from $45.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Citigroup decreased their price objective on Comcast from $47.00 to $44.00 and set a “buy” rating for the company in a report on Friday, January 31st. Finally, StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a report on Monday, February 3rd. Ten research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $44.13.

Comcast Trading Up 2.2 %

Shares of CMCSA stock opened at $35.23 on Wednesday. The company has a market capitalization of $133.21 billion, a PE ratio of 8.49, a price-to-earnings-growth ratio of 1.69 and a beta of 1.00. The company has a quick ratio of 0.72, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. Comcast Co. has a 12-month low of $32.50 and a 12-month high of $45.31. The firm has a 50 day moving average price of $37.54 and a two-hundred day moving average price of $39.85.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. As a group, analysts predict that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The firm also recently announced 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 is a boost from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 3.75%. Comcast’s dividend payout ratio (DPR) is currently 29.88%.

About Comcast

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.