J.P. Marvel Investment Advisors LLC Sells 475 Shares of Comcast Co. (NASDAQ:CMCSA)

J.P. Marvel Investment Advisors LLC decreased its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 0.9% in the third quarter, Holdings Channel.com reports. The firm owned 54,356 shares of the cable giant’s stock after selling 475 shares during the period. J.P. Marvel Investment Advisors LLC’s holdings in Comcast were worth $2,270,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Koshinski Asset Management Inc. boosted its stake in Comcast by 0.8% in the 3rd quarter. Koshinski Asset Management Inc. now owns 30,584 shares of the cable giant’s stock worth $1,277,000 after purchasing an additional 249 shares in the last quarter. Regent Peak Wealth Advisors LLC raised its holdings in shares of Comcast by 3.1% in the third quarter. Regent Peak Wealth Advisors LLC now owns 8,445 shares of the cable giant’s stock worth $353,000 after buying an additional 257 shares during the last quarter. Abich Financial Wealth Management LLC lifted its stake in shares of Comcast by 4.7% during the third quarter. Abich Financial Wealth Management LLC now owns 5,829 shares of the cable giant’s stock worth $243,000 after buying an additional 260 shares during the period. Greenwich Wealth Management LLC grew its holdings in shares of Comcast by 2.7% during the second quarter. Greenwich Wealth Management LLC now owns 9,754 shares of the cable giant’s stock valued at $382,000 after buying an additional 261 shares during the last quarter. Finally, Saxon Interests Inc. grew its holdings in shares of Comcast by 2.0% during the third quarter. Saxon Interests Inc. now owns 13,554 shares of the cable giant’s stock valued at $566,000 after buying an additional 262 shares during the last quarter. 84.32% of the stock is owned by institutional investors.

Comcast Price Performance

Shares of Comcast stock opened at $44.19 on Friday. The firm has a market cap of $171.13 billion, a PE ratio of 11.88, a P/E/G ratio of 1.61 and a beta of 1.00. The business has a 50-day moving average price of $41.00 and a 200 day moving average price of $39.66. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.11.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The business had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. During the same period in the prior year, the company posted $1.08 EPS. The business’s quarterly revenue was up 6.5% on a year-over-year basis. Sell-side analysts predict that Comcast Co. will post 4.25 earnings per share for the current fiscal year.

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be given a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 annualized dividend and a dividend yield of 2.81%. Comcast’s dividend payout ratio (DPR) is 33.33%.

Analyst Ratings Changes

CMCSA has been the subject of a number of research reports. Scotiabank raised Comcast from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the stock from $47.75 to $48.00 in a research report on Friday, November 1st. StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 24th. TD Cowen dropped their target price on Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Macquarie reissued a “neutral” rating and set a $40.00 price target on shares of Comcast in a research report on Friday, November 1st. Finally, Barclays upped their price objective on shares of Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Monday. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $46.75.

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.