Cheviot Value Management LLC Raises Stock Position in Comcast Co. (NASDAQ:CMCSA)

Cheviot Value Management LLC increased its position in shares of Comcast Co. (NASDAQ:CMCSA) by 5.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 277,307 shares of the cable giant’s stock after buying an additional 15,443 shares during the period. Comcast comprises approximately 2.0% of Cheviot Value Management LLC’s holdings, making the stock its 18th largest holding. Cheviot Value Management LLC’s holdings in Comcast were worth $10,407,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Promus Capital LLC purchased a new stake in shares of Comcast in the 4th quarter worth approximately $25,000. Winch Advisory Services LLC lifted its stake in shares of Comcast by 269.9% during the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after purchasing an additional 502 shares during the last quarter. Roxbury Financial LLC bought a new stake in Comcast during the fourth quarter valued at about $27,000. Wingate Wealth Advisors Inc. purchased a new position in Comcast in the fourth quarter valued at about $28,000. Finally, OFI Invest Asset Management bought a new position in Comcast in the fourth quarter worth about $37,000. 84.32% of the stock is currently owned by institutional investors.

Comcast Price Performance

Comcast stock opened at $33.19 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. Comcast Co. has a 12-month low of $31.44 and a 12-month high of $45.31. The stock has a market cap of $125.49 billion, a P/E ratio of 8.00, a price-to-earnings-growth ratio of 1.78 and a beta of 0.94. The company has a fifty day simple moving average of $35.40 and a 200-day simple moving average of $38.13.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, beating the consensus estimate of $1.01 by $0.08. The firm had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $29.82 billion. Comcast had a net margin of 13.09% and a return on equity of 19.98%. Equities analysts expect that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date of this dividend was Wednesday, April 2nd. This is a boost from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio is 31.81%.

Analysts Set New Price Targets

CMCSA has been the topic of a number of analyst reports. The Goldman Sachs Group cut their price objective on shares of Comcast from $50.00 to $44.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Citigroup cut their price target on shares of Comcast from $47.00 to $44.00 and set a “buy” rating on the stock in a report on Friday, January 31st. KeyCorp decreased their price objective on Comcast from $47.00 to $45.00 and set an “overweight” rating for the company in a report on Monday, April 14th. Rosenblatt Securities dropped their target price on Comcast from $45.00 to $36.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. Finally, Morgan Stanley reduced their target price on Comcast from $45.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $42.50.

About Comcast

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.