Comcast Co. (NASDAQ:CMCSA) Position Boosted by Godsey & Gibb Inc.

Godsey & Gibb Inc. raised its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 0.7% during the 4th quarter, Holdings Channel reports. The fund owned 459,464 shares of the cable giant’s stock after purchasing an additional 3,053 shares during the period. Godsey & Gibb Inc.’s holdings in Comcast were worth $17,244,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in CMCSA. One Capital Management LLC acquired a new stake in Comcast in the second quarter worth about $471,000. Perennial Investment Advisors LLC raised its position in shares of Comcast by 12.7% during the 2nd quarter. Perennial Investment Advisors LLC now owns 7,035 shares of the cable giant’s stock worth $275,000 after buying an additional 790 shares in the last quarter. Axxcess Wealth Management LLC lifted its stake in shares of Comcast by 5.5% in the 2nd quarter. Axxcess Wealth Management LLC now owns 140,102 shares of the cable giant’s stock worth $5,486,000 after acquiring an additional 7,322 shares during the period. E Fund Management Co. Ltd. boosted its holdings in shares of Comcast by 5.1% in the second quarter. E Fund Management Co. Ltd. now owns 58,078 shares of the cable giant’s stock valued at $2,274,000 after acquiring an additional 2,843 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its stake in shares of Comcast by 5.0% during the second quarter. Mercer Global Advisors Inc. ADV now owns 873,614 shares of the cable giant’s stock valued at $34,211,000 after acquiring an additional 41,592 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on CMCSA shares. Macquarie restated a “neutral” rating and issued a $42.00 target price on shares of Comcast in a research report on Monday, January 6th. Barclays boosted their price objective on Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Wells Fargo & Company decreased their target price on Comcast from $46.00 to $45.00 and set an “equal weight” rating for the company in a research note on Monday, January 6th. KeyCorp boosted their price target on shares of Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Finally, 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. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $47.33.

Comcast Price Performance

Shares of NASDAQ:CMCSA opened at $36.50 on Thursday. The company’s fifty day moving average is $40.44 and its two-hundred day moving average is $40.23. The company has a market cap of $139.67 billion, a P/E ratio of 9.81, a price-to-earnings-growth ratio of 1.50 and a beta of 1.01. Comcast Co. has a 12-month low of $36.15 and a 12-month high of $47.11. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14.

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

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.40%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s dividend payout ratio is currently 33.33%.

Insider Activity at Comcast

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

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.