Cheviot Value Management LLC Has $15.85 Million Stake in Comcast Corporation $CMCSA

Cheviot Value Management LLC lifted its holdings in Comcast Corporation (NASDAQ:CMCSA) by 12.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 557,851 shares of the cable giant’s stock after buying an additional 59,880 shares during the period. Comcast comprises approximately 1.6% of Cheviot Value Management LLC’s holdings, making the stock its 17th largest position. Cheviot Value Management LLC’s holdings in Comcast were worth $15,849,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Imprint Wealth LLC acquired a new position in Comcast in the third quarter valued at approximately $26,000. United Financial Planning Group LLC acquired a new position in shares of Comcast during the 3rd quarter valued at $28,000. Olistico Wealth LLC bought a new position in Comcast during the fourth quarter worth $29,000. Richardson Financial Services Inc. grew its holdings in Comcast by 212.6% in the fourth quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant’s stock worth $30,000 after purchasing an additional 691 shares during the period. Finally, Lodestone Wealth Management LLC bought a new stake in Comcast in the fourth quarter valued at $33,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Michael J. Cavanagh sold 57,947 shares of the business’s stock in a transaction dated Wednesday, February 11th. The shares were 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 in the company, valued at approximately $20,325,493.76. The trade was a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Rosenblatt Securities restated a “neutral” rating and issued a $30.00 target price on shares of Comcast in a research note on Friday, January 30th. UBS Group reduced their price objective on Comcast from $36.00 to $32.00 and set a “neutral” rating for the company in a research note on Friday, January 30th. Sanford C. Bernstein decreased their price objective on Comcast from $34.00 to $32.00 and set a “market perform” rating for the company in a report on Thursday, January 15th. Bank of America raised Comcast from a “neutral” rating to a “buy” rating and upped their target price for the stock from $31.00 to $37.00 in a research report on Monday, January 12th. Finally, TD Cowen cut their target price on Comcast from $40.00 to $39.00 and set a “buy” rating on the stock in a report on Friday, January 30th. Eight equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $34.94.

Comcast Trading Down 3.2%

Shares of Comcast stock opened at $25.39 on Friday. The company has a market capitalization of $90.71 billion, a P/E ratio of 5.00, a price-to-earnings-growth ratio of 2.11 and a beta of 0.71. The stock has a fifty day simple moving average of $29.08 and a 200 day simple moving average of $28.93. Comcast Corporation has a 12-month low of $25.35 and a 12-month high of $36.66. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.01.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.06. Comcast had a net margin of 15.00% and a return on equity of 15.47%. The firm had revenue of $31.46 billion for the quarter, compared to the consensus estimate of $30.42 billion. During the same period in the previous year, the firm earned $1.09 EPS. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Comcast Corporation will post 3.58 earnings per share for the current fiscal year.

Comcast Company Profile

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.