Edgar Lomax Co. VA Reduces Holdings in Comcast Co. (NASDAQ:CMCSA)

Edgar Lomax Co. VA lessened its stake in Comcast Co. (NASDAQ:CMCSA) by 1.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 283,510 shares of the cable giant’s stock after selling 5,440 shares during the period. Edgar Lomax Co. VA’s holdings in Comcast were worth $10,640,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analysts Set New Price Targets

CMCSA has been the topic of a number of recent research reports. Rosenblatt Securities dropped their target price on Comcast from $45.00 to $36.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. KeyCorp dropped their price objective on shares of Comcast from $47.00 to $45.00 and set an “overweight” rating on the stock in a research note on Monday, April 14th. Barclays reduced their target price on shares of Comcast from $42.00 to $37.00 and set an “equal weight” rating for the company in a research note on Monday, February 3rd. Macquarie dropped their price target on shares of Comcast from $42.00 to $36.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Finally, The Goldman Sachs Group reduced their price objective on shares of Comcast from $50.00 to $44.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Two 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 stock. According to MarketBeat.com, Comcast presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.50.

Comcast Stock Performance

Comcast stock opened at $33.96 on Friday. Comcast Co. has a fifty-two week low of $32.20 and a fifty-two week high of $45.31. The company has a market capitalization of $128.40 billion, a price-to-earnings ratio of 8.18, a PEG ratio of 1.78 and a beta of 0.94. The stock has a fifty day moving average of $35.51 and a two-hundred day moving average of $38.32. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. On average, analysts anticipate that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, April 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.89%. This is a positive change from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio (DPR) is 31.81%.

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.