Godsey & Gibb Inc. Raises Stake in Comcast Co. (NASDAQ:CMCSA)

Godsey & Gibb Inc. lifted its position in shares of Comcast Co. (NASDAQ:CMCSA) by 0.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 459,464 shares of the cable giant’s stock after buying an additional 3,053 shares during the period. Godsey & Gibb Inc.’s holdings in Comcast were worth $17,244,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. One Capital Management LLC acquired a new position in shares of Comcast during the 2nd quarter valued at about $471,000. Perennial Investment Advisors LLC grew its holdings in Comcast by 12.7% in the second quarter. Perennial Investment Advisors LLC now owns 7,035 shares of the cable giant’s stock valued at $275,000 after purchasing an additional 790 shares during the period. Axxcess Wealth Management LLC increased its position in Comcast by 5.5% during the second quarter. Axxcess Wealth Management LLC now owns 140,102 shares of the cable giant’s stock worth $5,486,000 after purchasing an additional 7,322 shares during the last quarter. E Fund Management Co. Ltd. raised its stake in Comcast by 5.1% during the second quarter. E Fund Management Co. Ltd. now owns 58,078 shares of the cable giant’s stock worth $2,274,000 after purchasing an additional 2,843 shares during the period. Finally, Mercer Global Advisors Inc. ADV boosted its holdings in shares of Comcast by 5.0% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 873,614 shares of the cable giant’s stock valued at $34,211,000 after purchasing an additional 41,592 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

CMCSA has been the subject of several research analyst reports. Scotiabank upgraded Comcast from a “sector perform” rating to a “sector outperform” rating and upped their price target for the stock from $47.75 to $48.00 in a research note on Friday, November 1st. Macquarie reiterated a “neutral” rating and set a $42.00 target price on shares of Comcast in a report on Monday, January 6th. StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 4th. Wells Fargo & Company decreased their price objective on shares of Comcast from $46.00 to $45.00 and set an “equal weight” rating for the company in a research note on Monday, January 6th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $47.33.

Comcast Trading Up 0.3 %

CMCSA opened at $36.50 on Thursday. The stock has a market capitalization of $139.67 billion, a PE ratio of 9.81, a P/E/G ratio of 1.50 and a beta of 1.01. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. Comcast Co. has a 12-month low of $36.15 and a 12-month high of $47.11. The firm’s fifty day moving average price is $40.44 and its 200 day moving average price is $40.23.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping the consensus estimate of $1.06 by $0.06. The business had revenue of $32.07 billion for the quarter, compared to analysts’ expectations of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.08 earnings per share. As a group, research analysts expect that Comcast Co. will post 4.26 EPS for the current fiscal year.

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.40%. Comcast’s dividend payout ratio (DPR) is 33.33%.

Insider Activity at Comcast

In other news, President Michael J. Cavanagh sold 25,537 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the completion of the transaction, the president now directly owns 534,849 shares of the company’s stock, valued at approximately $22,779,218.91. This represents a 4.56 % 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 the SEC website. Also, CEO Brian L. Roberts sold 234,464 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total value of $10,002,234.24. Following the sale, the chief executive officer now owns 6,669,928 shares in the company, valued at $284,539,128.48. The trade was a 3.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company’s stock.

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.