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

Edgar Lomax Co. VA reduced its stake in Comcast Corporation (NASDAQ:CMCSA) by 22.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm 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.

Other institutional investors also recently made changes to their positions in the company. Capital A Wealth Management LLC increased its stake in shares of Comcast by 173.7% during the second 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 during the period. Avalon Trust Co grew its holdings in Comcast by 433.3% in the 2nd quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock valued at $27,000 after buying an additional 624 shares in the last quarter. Howard Hughes Medical Institute bought a new position in Comcast during the 2nd quarter worth $29,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of Comcast during the second quarter worth $31,000. Finally, Total Investment Management Inc. acquired a new stake in shares of Comcast during the second quarter worth $33,000. Institutional investors own 84.32% of the company’s stock.

Insiders Place Their Bets

In other Comcast news, CEO Michael J. Cavanagh sold 57,947 shares of Comcast stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $32.66, for a total transaction of $1,892,549.02. Following the transaction, the chief executive officer directly owned 622,336 shares of the company’s stock, valued at approximately $20,325,493.76. The trade was a 8.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.32% of the stock is owned by insiders.

Comcast Stock Performance

Shares of NASDAQ:CMCSA opened at $31.60 on Friday. Comcast Corporation has a 1 year low of $25.75 and a 1 year high of $37.97. The stock has a market capitalization of $113.69 billion, a price-to-earnings ratio of 5.88, a price-to-earnings-growth ratio of 2.50 and a beta of 0.79. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88. The company’s 50 day simple moving average is $30.01 and its 200 day simple moving average is $30.00.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, January 29th. The cable giant reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.09. The firm had revenue of $32.31 billion during the quarter, compared to analysts’ expectations of $32.35 billion. Comcast had a net margin of 16.17% and a return on equity of 16.86%. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.96 earnings per share. As a group, research analysts predict that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

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

Wall Street Analysts Forecast Growth

CMCSA has been the topic of several research reports. Zacks Research downgraded shares of Comcast from a “hold” rating to a “strong sell” rating in a research note on Friday, February 20th. Weiss Ratings reissued a “hold (c-)” rating on shares of Comcast in a report on Friday, January 9th. BNP Paribas Exane cut shares of Comcast from a “neutral” rating to an “underperform” rating and set a $27.00 target price on the stock. in a report on Tuesday, February 24th. Royal Bank Of Canada cut their price target on Comcast from $32.00 to $31.00 and set a “sector perform” rating for the company in a research note on Friday, January 16th. Finally, Benchmark reduced their price target on Comcast from $46.00 to $44.00 and set a “buy” rating on the stock in a research report on Monday, January 5th. Ten research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $34.87.

About Comcast

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.