Cheviot Value Management LLC Sells 1,144 Shares of Comcast Co. (NASDAQ:CMCSA)

Cheviot Value Management LLC trimmed its stake in Comcast Co. (NASDAQ:CMCSA) by 0.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 261,864 shares of the cable giant’s stock after selling 1,144 shares during the period. Comcast accounts for about 2.1% of Cheviot Value Management LLC’s investment portfolio, making the stock its 18th largest position. Cheviot Value Management LLC’s holdings in Comcast were worth $10,938,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank & Trust Co bought a new stake in shares of Comcast during the 2nd quarter worth $58,000. Mather Group LLC. grew its position in shares of Comcast by 111.9% in the second quarter. Mather Group LLC. now owns 63,684 shares of the cable giant’s stock valued at $2,761,000 after purchasing an additional 33,626 shares during the last quarter. Lynx Investment Advisory bought a new position in shares of Comcast in the second quarter worth about $36,000. Fulton Bank N.A. lifted its position in shares of Comcast by 14.0% during the 2nd quarter. Fulton Bank N.A. now owns 15,132 shares of the cable giant’s stock worth $593,000 after purchasing an additional 1,855 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC grew its holdings in Comcast by 2.0% in the 2nd quarter. Kingswood Wealth Advisors LLC now owns 43,559 shares of the cable giant’s stock valued at $1,706,000 after buying an additional 866 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CMCSA. Scotiabank raised Comcast from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the company from $47.75 to $48.00 in a research report on Friday, November 1st. Rosenblatt Securities reissued a “neutral” rating and issued a $45.00 price target on shares of Comcast in a report on Wednesday, November 6th. Evercore ISI upgraded shares of Comcast to a “strong-buy” rating in a report on Thursday, November 21st. KeyCorp increased their target price on shares of Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Finally, StockNews.com upgraded Comcast from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.19.

Insider Activity at Comcast

In other Comcast news, CEO Brian L. Roberts sold 234,464 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now owns 6,669,928 shares of the company’s stock, valued at approximately $284,539,128.48. This represents a 3.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction 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 sale, the president now directly owns 534,849 shares of the company’s stock, valued at $22,779,218.91. This trade represents a 4.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.26% of the company’s stock.

Comcast Stock Performance

Comcast stock opened at $43.19 on Monday. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.11. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a fifty day moving average price of $42.29 and a two-hundred day moving average price of $40.18. The firm has a market capitalization of $165.27 billion, a P/E ratio of 11.61, a P/E/G ratio of 1.63 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.06. The firm had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period last year, the firm posted $1.08 EPS. As a group, analysts anticipate that Comcast Co. will post 4.26 EPS for the current fiscal year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be given a dividend of $0.31 per share. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a yield of 2.87%. Comcast’s dividend payout ratio (DPR) is presently 33.33%.

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.