Jmac Enterprises LLC Has $191,000 Position in Comcast Corporation $CMCSA

Jmac Enterprises LLC lowered its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 75.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,406 shares of the cable giant’s stock after selling 20,090 shares during the quarter. Jmac Enterprises LLC’s holdings in Comcast were worth $191,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of CMCSA. Osaic Holdings Inc. boosted its holdings in shares of Comcast by 39.9% in the second quarter. Osaic Holdings Inc. now owns 1,055,192 shares of the cable giant’s stock valued at $37,954,000 after buying an additional 300,898 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Comcast by 9.7% in the third quarter. Principal Financial Group Inc. now owns 7,536,937 shares of the cable giant’s stock valued at $236,810,000 after buying an additional 665,635 shares during the period. Ashton Thomas Private Wealth LLC boosted its holdings in shares of Comcast by 75.3% in the third quarter. Ashton Thomas Private Wealth LLC now owns 340,764 shares of the cable giant’s stock valued at $10,707,000 after buying an additional 146,339 shares during the period. Candriam S.C.A. boosted its holdings in shares of Comcast by 3.5% in the third quarter. Candriam S.C.A. now owns 952,154 shares of the cable giant’s stock valued at $29,917,000 after buying an additional 32,262 shares during the period. Finally, Rothschild & Co Wealth Management UK Ltd boosted its holdings in shares of Comcast by 1.0% in the third quarter. Rothschild & Co Wealth Management UK Ltd now owns 11,327,445 shares of the cable giant’s stock valued at $355,908,000 after buying an additional 113,461 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Insider Buying and Selling

In related news, CEO Michael J. Cavanagh sold 57,947 shares of the stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $32.66, for a total transaction of $1,892,549.02. Following the completion of the transaction, the chief executive officer owned 622,336 shares in the company, valued at approximately $20,325,493.76. This represents a 8.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.32% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on CMCSA shares. Zacks Research upgraded shares of Comcast from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 31st. Barclays set a $28.00 price target on shares of Comcast and gave the company an “equal weight” rating in a report on Tuesday, January 13th. Rosenblatt Securities reiterated a “neutral” rating and issued a $30.00 price target on shares of Comcast in a report on Friday, January 30th. The Goldman Sachs Group reduced their price target on shares of Comcast from $30.00 to $28.00 and set a “neutral” rating for the company in a report on Wednesday, March 25th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Comcast in a report on Friday, January 9th. Ten research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $34.71.

Comcast Stock Performance

Shares of CMCSA opened at $27.66 on Tuesday. Comcast Corporation has a 12 month low of $25.75 and a 12 month high of $36.66. The firm has a fifty day simple moving average of $30.24 and a 200 day simple moving average of $29.30. The stock has a market capitalization of $99.52 billion, a price-to-earnings ratio of 5.15, a PEG ratio of 2.26 and a beta of 0.80. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, January 29th. The cable giant reported $0.84 EPS for the quarter, topping the consensus estimate of $0.75 by $0.09. Comcast had a net margin of 16.17% and a return on equity of 16.86%. The business had revenue of $32.31 billion during the quarter, compared to analysts’ expectations of $32.35 billion. During the same quarter in the prior year, the company posted $0.96 earnings per share. The firm’s revenue was up 1.2% on a year-over-year basis. Research analysts forecast that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors of record on Wednesday, April 1st will be issued a dividend of $0.33 per share. The ex-dividend date is Wednesday, April 1st. This represents a $1.32 annualized dividend and a yield of 4.8%. Comcast’s dividend payout ratio is presently 24.58%.

About Comcast

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.