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

Cheviot Value Management LLC increased its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 8.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 263,008 shares of the cable giant’s stock after buying an additional 19,702 shares during the quarter. Comcast comprises 2.0% of Cheviot Value Management LLC’s holdings, making the stock its 18th largest position. Cheviot Value Management LLC’s holdings in Comcast were worth $10,299,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Bollard Group LLC lifted its holdings in Comcast by 0.7% in the fourth quarter. Bollard Group LLC now owns 36,996 shares of the cable giant’s stock worth $1,622,000 after acquiring an additional 244 shares during the last quarter. Tortoise Investment Management LLC grew its position in Comcast by 4.5% in the fourth quarter. Tortoise Investment Management LLC now owns 5,801 shares of the cable giant’s stock worth $254,000 after buying an additional 249 shares during the last quarter. Greenwich Wealth Management LLC grew its position in Comcast by 2.7% in the second quarter. Greenwich Wealth Management LLC now owns 9,754 shares of the cable giant’s stock worth $382,000 after buying an additional 261 shares during the last quarter. Verum Partners LLC grew its position in Comcast by 4.9% during the 2nd quarter. Verum Partners LLC now owns 5,663 shares of the cable giant’s stock worth $222,000 after purchasing an additional 267 shares in the last quarter. Finally, Mcdonald Partners LLC grew its position in Comcast by 1.4% during the 1st quarter. Mcdonald Partners LLC now owns 19,591 shares of the cable giant’s stock worth $849,000 after purchasing an additional 270 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Performance

Shares of CMCSA stock opened at $40.73 on Tuesday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.66 and a current ratio of 0.66. The company has a market capitalization of $159.81 billion, a price-to-earnings ratio of 10.78, a PEG ratio of 1.03 and a beta of 1.01. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.11. The company has a 50-day simple moving average of $39.61 and a 200 day simple moving average of $39.62.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. The firm had revenue of $29.69 billion during the quarter, compared to the consensus estimate of $30.02 billion. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The business’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.13 EPS. On average, sell-side analysts predict that Comcast Co. will post 4.23 earnings per share for the current year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date is Wednesday, October 2nd. Comcast’s dividend payout ratio is currently 32.80%.

Analysts Set New Price Targets

A number of brokerages have issued reports on CMCSA. The Goldman Sachs Group began coverage on shares of Comcast in a research note on Tuesday, June 25th. They set a “buy” rating and a $44.00 target price for the company. Rosenblatt Securities reiterated a “neutral” rating and issued a $45.00 target price on shares of Comcast in a report on Wednesday, July 24th. Pivotal Research reduced their target price on shares of Comcast from $48.00 to $47.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Finally, BNP Paribas lowered shares of Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price target for the company. in a research report on Tuesday, June 11th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Comcast currently has an average rating of “Hold” and an average price target of $45.78.

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.