Edgar Lomax Co. VA Has $13.89 Million Stake in Comcast Corporation $CMCSA

Edgar Lomax Co. VA reduced its holdings in Comcast Corporation (NASDAQ:CMCSA) by 22.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 442,205 shares of the cable giant’s stock after selling 128,915 shares during the quarter. Edgar Lomax Co. VA’s holdings in Comcast were worth $13,894,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CMCSA. Capital A Wealth Management LLC increased its stake in Comcast by 173.7% during the 2nd quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant’s stock worth $25,000 after purchasing an additional 436 shares in the last quarter. Avalon Trust Co increased its position in shares of Comcast by 433.3% during the second quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock worth $27,000 after acquiring an additional 624 shares in the last quarter. Howard Hughes Medical Institute acquired a new stake in shares of Comcast during the second quarter worth $29,000. Newbridge Financial Services Group Inc. bought a new stake in Comcast in the 2nd quarter valued at $31,000. Finally, Total Investment Management Inc. acquired a new position in Comcast in the 2nd quarter worth $33,000. Institutional investors own 84.32% of the company’s stock.

Insider Transactions at Comcast

In other news, CEO Michael J. Cavanagh sold 57,947 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $32.66, for a total value of $1,892,549.02. Following the completion of the sale, the chief executive officer directly owned 622,336 shares of the company’s stock, valued at $20,325,493.76. This trade represents a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.32% of the stock is owned by corporate insiders.

Comcast Price Performance

Shares of CMCSA opened at $31.60 on Friday. The company has a market cap of $113.69 billion, a price-to-earnings ratio of 5.88, a PEG ratio of 2.50 and a beta of 0.79. Comcast Corporation has a 1-year low of $25.75 and a 1-year high of $37.97. The company’s fifty day simple moving average is $30.01 and its 200 day simple moving average is $30.00. 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 quarterly earnings data on Thursday, January 29th. The cable giant reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.09. The company had revenue of $32.31 billion during the quarter, compared to the consensus estimate of $32.35 billion. Comcast had a net margin of 16.17% and a return on equity of 16.86%. The company’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.96 EPS. On average, research analysts forecast that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 1st will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Wednesday, April 1st. Comcast’s payout ratio is 24.58%.

Wall Street Analyst Weigh In

Several analysts have issued reports on CMCSA shares. Daiwa Securities Group dropped their price target on Comcast from $38.00 to $30.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 18th. Zacks Research lowered Comcast from a “hold” rating to a “strong sell” rating in a research report on Friday, February 20th. Pivotal Research downgraded Comcast from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 30th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Comcast from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Friday, January 30th. Finally, Moffett Nathanson cut their price objective on shares of Comcast from $58.00 to $53.00 and set a “buy” rating on the stock in a research report on Thursday, November 13th. Ten investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $34.87.

Comcast Profile

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.