Live Oak Private Wealth LLC Increases Holdings in Comcast Corporation (NASDAQ:CMCSA)

Live Oak Private Wealth LLC grew its stake in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 47.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 63,847 shares of the cable giant's stock after acquiring an additional 20,416 shares during the quarter. Live Oak Private Wealth LLC's holdings in Comcast were worth $2,356,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in shares of Comcast in the fourth quarter valued at about $743,681,000. Mission Wealth Management LP increased its holdings in Comcast by 8.3% in the 4th quarter. Mission Wealth Management LP now owns 43,509 shares of the cable giant's stock worth $1,633,000 after buying an additional 3,344 shares during the period. Aviva PLC raised its position in Comcast by 7.2% during the 4th quarter. Aviva PLC now owns 2,327,702 shares of the cable giant's stock worth $87,359,000 after buying an additional 156,986 shares during the last quarter. First Eagle Investment Management LLC boosted its holdings in shares of Comcast by 7.1% in the 4th quarter. First Eagle Investment Management LLC now owns 34,101,077 shares of the cable giant's stock valued at $1,279,813,000 after acquiring an additional 2,270,186 shares during the last quarter. Finally, Argentarii LLC acquired a new stake in shares of Comcast in the fourth quarter worth $769,000. 84.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Rosenblatt Securities reaffirmed a "neutral" rating and issued a $36.00 price target on shares of Comcast in a report on Monday, April 28th. Wall Street Zen upgraded Comcast from a "buy" rating to a "strong-buy" rating in a research note on Thursday, February 27th. UBS Group set a $44.50 target price on Comcast in a report on Friday, April 25th. Argus downgraded Comcast from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Finally, Oppenheimer dropped their price objective on shares of Comcast from $55.00 to $38.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Comcast presently has an average rating of "Moderate Buy" and an average target price of $42.10.

Comcast Price Performance

CMCSA stock traded up $0.62 during trading on Tuesday, hitting $35.21. The stock had a trading volume of 24,318,495 shares, compared to its average volume of 22,017,886. Comcast Corporation has a twelve month low of $31.44 and a twelve month high of $45.31. The company's 50-day moving average price is $34.53 and its two-hundred day moving average price is $35.70. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a market capitalization of $131.46 billion, a P/E ratio of 8.65, a PEG ratio of 1.69 and a beta of 0.95.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly 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. Comcast had a return on equity of 19.70% and a net margin of 12.72%. The firm had revenue of $29.89 billion for the quarter, compared to analyst estimates of $29.82 billion. During the same period in the previous year, the company posted $1.04 earnings per share. The business's revenue was down .6% on a year-over-year basis. 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 announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date of this dividend is Wednesday, July 2nd. Comcast's payout ratio is 32.43%.

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.