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

Jmac Enterprises LLC lowered its position in Comcast Corporation (NASDAQ:CMCSA) by 75.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in CMCSA. Capital A Wealth Management LLC lifted its stake in Comcast by 173.7% in the second quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant’s stock valued at $25,000 after acquiring an additional 436 shares during the last quarter. Imprint Wealth LLC acquired a new stake in Comcast in the third quarter valued at $26,000. United Financial Planning Group LLC acquired a new stake in Comcast in the third quarter valued at $28,000. Howard Hughes Medical Institute acquired a new stake in Comcast in the second quarter valued at $29,000. Finally, Olistico Wealth LLC acquired a new stake in Comcast in the fourth quarter valued at $29,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Insider Buying and Selling at Comcast

In other news, CEO Michael J. Cavanagh sold 57,947 shares of the stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $32.66, for a total value of $1,892,549.02. Following the transaction, the chief executive officer directly owned 622,336 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which can be accessed through this link. 1.32% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

CMCSA has been the subject of a number of recent analyst reports. BNP Paribas Exane cut their price target on shares of Comcast from $27.00 to $26.00 and set an “underperform” rating for the company in a research note on Thursday, March 26th. Morgan Stanley cut their price target on shares of Comcast from $32.00 to $31.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 10th. Barclays set a $28.00 price target on shares of Comcast and gave the company an “equal weight” rating in a research note on Tuesday, January 13th. Sanford C. Bernstein cut their price target on shares of Comcast from $34.00 to $32.00 and set a “market perform” rating for the company in a research note on Thursday, January 15th. Finally, Scotiabank cut their price target on shares of Comcast from $35.25 to $34.00 and set a “sector perform” rating for the company in a research note on Wednesday, April 1st. Ten equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Comcast presently has a consensus rating of “Hold” and a consensus target price of $34.71.

Comcast Price Performance

Shares of CMCSA opened at $27.66 on Tuesday. The firm has a market capitalization of $99.52 billion, a PE ratio of 5.15, a PEG ratio of 2.26 and a beta of 0.80. The company’s 50-day moving average is $30.24 and its 200-day moving average is $29.30. Comcast Corporation has a fifty-two week low of $25.75 and a fifty-two week high of $36.66. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88.

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

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 1st will be given a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $1.32 annualized dividend and a dividend 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.