Lockheed Martin Investment Management Co. Has $3.46 Million Position in Comcast Corporation $CMCSA

Lockheed Martin Investment Management Co. lowered its holdings in Comcast Corporation (NASDAQ:CMCSA) by 7.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 97,020 shares of the cable giant’s stock after selling 7,650 shares during the quarter. Lockheed Martin Investment Management Co.’s holdings in Comcast were worth $3,463,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of CMCSA. Brighton Jones LLC raised its position in Comcast by 150.9% in the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock worth $6,240,000 after purchasing an additional 99,986 shares during the last quarter. Rossby Financial LCC bought a new stake in Comcast in the first quarter valued at about $223,000. Hudson Edge Investment Partners Inc. increased its holdings in Comcast by 2.6% in the first quarter. Hudson Edge Investment Partners Inc. now owns 170,264 shares of the cable giant’s stock valued at $6,283,000 after purchasing an additional 4,276 shares during the last quarter. Novem Group increased its holdings in Comcast by 7.6% in the first quarter. Novem Group now owns 101,049 shares of the cable giant’s stock valued at $3,729,000 after purchasing an additional 7,108 shares during the last quarter. Finally, St. James Investment Company LLC raised its stake in Comcast by 4.2% during the 1st quarter. St. James Investment Company LLC now owns 555,708 shares of the cable giant’s stock worth $20,506,000 after buying an additional 22,480 shares during the period. Institutional investors own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on CMCSA. KeyCorp downgraded Comcast from an “overweight” rating to a “sector weight” rating in a research note on Thursday. Benchmark reaffirmed a “buy” rating on shares of Comcast in a research note on Friday, July 18th. Citigroup reaffirmed a “buy” rating on shares of Comcast in a research report on Tuesday, August 26th. Arete Research upgraded Comcast to a “hold” rating in a report on Tuesday, July 8th. Finally, Arete decreased their price objective on Comcast from $39.00 to $33.00 and set a “neutral” rating for the company in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, sixteen have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $39.52.

Comcast Price Performance

NASDAQ:CMCSA opened at $27.32 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.99. The stock’s 50 day moving average price is $31.53 and its two-hundred day moving average price is $33.37. The firm has a market capitalization of $100.87 billion, a price-to-earnings ratio of 4.52, a P/E/G ratio of 1.69 and a beta of 0.94. Comcast Corporation has a 12-month low of $25.75 and a 12-month high of $45.31.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) for the quarter. The firm had revenue of $30.34 billion for the quarter. Comcast had a return on equity of 18.86% and a net margin of 18.44%. On average, analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 14th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, January 14th. This represents a $1.32 dividend on an annualized basis and a yield of 4.8%. Comcast’s dividend payout ratio is currently 21.82%.

Comcast Company Profile

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.