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

Cheviot Value Management LLC trimmed its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 0.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 biggest holding. Cheviot Value Management LLC’s holdings in Comcast were worth $10,938,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Fairscale Capital LLC acquired a new position in shares of Comcast in the 2nd quarter valued at $26,000. Strategic Financial Concepts LLC bought a new position in Comcast during the second quarter worth about $27,000. IAG Wealth Partners LLC grew its position in shares of Comcast by 204.7% during the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock worth $30,000 after buying an additional 522 shares during the period. McClarren Financial Advisors Inc. increased its stake in shares of Comcast by 365.4% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 570 shares during the last quarter. Finally, Archer Investment Corp raised its position in shares of Comcast by 177.1% in the 2nd quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock valued at $32,000 after acquiring an additional 519 shares during the period. 84.32% of the stock is owned by institutional investors.

Comcast Trading Up 1.5 %

Comcast stock opened at $43.19 on Monday. The company has a market cap of $165.27 billion, a price-to-earnings ratio of 11.61, a P/E/G ratio of 1.63 and a beta of 1.00. The firm has a 50-day moving average of $42.29 and a 200-day moving average of $40.18. 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 one year low of $36.43 and a one year high of $47.11.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 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 analysts’ expectations of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.08 earnings per share. On average, equities analysts expect that Comcast Co. will post 4.26 earnings per share for the current fiscal year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be paid a $0.31 dividend. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 annualized dividend and a dividend yield of 2.87%. Comcast’s dividend payout ratio is presently 33.33%.

Insider Buying and Selling

In related news, President Michael J. Cavanagh sold 25,537 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $22,779,218.91. This trade represents a 4.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Brian L. Roberts sold 234,464 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 6,669,928 shares in the company, valued at approximately $284,539,128.48. This trade 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 corporate insiders.

Analyst Ratings Changes

CMCSA has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft upped their target price on shares of Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, November 1st. KeyCorp raised their price objective on Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Rosenblatt Securities reissued a “neutral” rating and issued a $45.00 target price on shares of Comcast in a research note on Wednesday, November 6th. Scotiabank raised Comcast from a “sector perform” rating to a “sector outperform” rating and raised their price target for the stock from $47.75 to $48.00 in a research report on Friday, November 1st. Finally, StockNews.com upgraded Comcast from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $47.19.

Comcast Company 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.