Lakeshore Capital Group Inc. bought a new stake in Comcast Co. (NASDAQ:CMCSA - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 9,793 shares of the cable giant's stock, valued at approximately $368,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CMCSA. Sculati Wealth Management LLC raised its stake in shares of Comcast by 0.9% during the fourth quarter. Sculati Wealth Management LLC now owns 30,792 shares of the cable giant's stock valued at $1,156,000 after acquiring an additional 285 shares in the last quarter. Five Oceans Advisors lifted its holdings in shares of Comcast by 2.5% in the 4th quarter. Five Oceans Advisors now owns 12,336 shares of the cable giant's stock worth $463,000 after buying an additional 298 shares during the period. Kovack Advisors Inc. grew its position in shares of Comcast by 1.1% during the 4th quarter. Kovack Advisors Inc. now owns 26,470 shares of the cable giant's stock worth $993,000 after buying an additional 300 shares in the last quarter. Beck Mack & Oliver LLC increased its stake in shares of Comcast by 2.0% during the fourth quarter. Beck Mack & Oliver LLC now owns 15,539 shares of the cable giant's stock valued at $583,000 after buying an additional 300 shares during the period. Finally, Avitas Wealth Management LLC increased its stake in shares of Comcast by 0.6% during the fourth quarter. Avitas Wealth Management LLC now owns 58,490 shares of the cable giant's stock valued at $2,195,000 after buying an additional 328 shares during the period. 84.32% of the stock is owned by institutional investors.
Comcast Stock Performance
Shares of NASDAQ CMCSA traded up $0.30 during midday trading on Friday, reaching $34.58. The company had a trading volume of 31,652,126 shares, compared to its average volume of 22,004,968. Comcast Co. has a 1 year low of $31.44 and a 1 year high of $45.31. The business's 50-day simple moving average is $34.64 and its 200 day simple moving average is $36.73. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. The stock has a market cap of $129.11 billion, a P/E ratio of 8.33, a P/E/G ratio of 1.78 and a beta of 0.97.
Comcast (NASDAQ:CMCSA - Get Free Report) last issued its earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.08. The company had revenue of $29.89 billion during the quarter, compared to analyst estimates of $29.82 billion. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The firm's quarterly revenue was down .6% on a year-over-year basis. During the same quarter last year, the business posted $1.04 EPS. On average, analysts forecast that Comcast Co. will post 4.33 earnings per share for the current fiscal year.
Comcast Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 2nd will be given a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.82%. Comcast's dividend payout ratio is currently 32.43%.
Wall Street Analysts Forecast Growth
CMCSA has been the subject of a number of research reports. Scotiabank reaffirmed a "sector perform" rating and issued a $44.50 price objective (down from $45.00) on shares of Comcast in a research note on Friday, April 25th. Morgan Stanley set a $37.00 price objective on shares of Comcast in a research note on Friday, April 25th. Citigroup cut their price objective on shares of Comcast from $44.00 to $39.00 and set a "buy" rating on the stock in a report on Friday, April 25th. JPMorgan Chase & Co. lowered their target price on Comcast from $45.00 to $39.00 and set a "neutral" rating for the company in a report on Friday, January 31st. Finally, Argus downgraded Comcast from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $42.10.
Get Our Latest Research Report on CMCSA
Comcast Company Profile
(
Free Report)
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.
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