Evermay Wealth Management LLC Has $508,000 Stock Position in Comcast Co. (NASDAQ:CMCSA)

Evermay Wealth Management LLC trimmed its position in Comcast Co. (NASDAQ:CMCSA) by 3.6% in the fourth quarter, Holdings Channel reports. The fund owned 13,546 shares of the cable giant’s stock after selling 500 shares during the quarter. Evermay Wealth Management LLC’s holdings in Comcast were worth $508,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Centaurus Financial Inc. raised its position in shares of Comcast by 77.2% during the second quarter. Centaurus Financial Inc. now owns 14,182 shares of the cable giant’s stock worth $555,000 after acquiring an additional 6,179 shares during the last quarter. Neville Rodie & Shaw Inc. increased its position in Comcast by 4.6% during the 3rd quarter. Neville Rodie & Shaw Inc. now owns 14,581 shares of the cable giant’s stock valued at $609,000 after purchasing an additional 645 shares during the period. AMF Tjanstepension AB lifted its position in shares of Comcast by 18.9% in 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 during the period. Czech National Bank boosted its stake in shares of Comcast by 5.5% in the 3rd quarter. Czech National Bank now owns 786,946 shares of the cable giant’s stock valued at $32,871,000 after purchasing an additional 41,061 shares during the last quarter. Finally, SG Americas Securities LLC increased its position in shares of Comcast by 211.7% during the third quarter. SG Americas Securities LLC now owns 2,890,571 shares of the cable giant’s stock worth $120,739,000 after buying an additional 1,963,246 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analysts Set New Price Targets

CMCSA has been the topic of a number of research analyst reports. Macquarie cut their price target on shares of Comcast from $42.00 to $36.00 and set a “neutral” rating on the stock in a research report on Friday. The Goldman Sachs Group decreased their target price on Comcast from $50.00 to $44.00 and set a “buy” rating for the company in a research note on Friday. Citigroup dropped their price target on Comcast from $47.00 to $44.00 and set a “buy” rating on the stock in a research note on Friday. TD Cowen reduced their price objective on shares of Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Finally, Pivotal Research increased their target price on shares of Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Nine analysts have rated the stock with a hold rating, ten have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $45.00.

Comcast Price Performance

CMCSA opened at $33.66 on Friday. The firm’s fifty day moving average price is $38.61 and its two-hundred day moving average price is $40.07. The company has a market capitalization of $128.80 billion, a price-to-earnings ratio of 9.05, a P/E/G ratio of 1.36 and a beta of 1.01. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. Comcast Co. has a 1 year low of $32.50 and a 1 year high of $47.11.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.08. Comcast had a net margin of 11.92% and a return on equity of 19.81%. As a group, analysts anticipate that Comcast Co. will post 4.25 earnings per share for the current fiscal year.

Comcast Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be given a $0.33 dividend. The ex-dividend date is Wednesday, April 2nd. This represents a $1.32 annualized dividend and a yield of 3.92%. This is a boost from Comcast’s previous quarterly dividend of $0.31. Comcast’s payout ratio is currently 33.33%.

Insider Buying and Selling at Comcast

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

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.