Lakeview Capital Partners LLC lifted its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 48.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,385 shares of the cable giant’s stock after acquiring an additional 2,401 shares during the quarter. Lakeview Capital Partners LLC’s holdings in Comcast were worth $333,000 at the end of the most recent reporting period.
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Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Eagle Asset Management Inc. raised its holdings in shares of Comcast by 1,328.3% during the third quarter. Eagle Asset Management Inc. now owns 845,740 shares of the cable giant’s stock worth $38,125,000 after acquiring an additional 786,529 shares in the last quarter. Bourgeon Capital Management LLC bought a new position in Comcast during the third quarter valued at about $45,000. CNB Bank raised its holdings in Comcast by 81.8% during the third quarter. CNB Bank now owns 7,125 shares of the cable giant’s stock valued at $321,000 after buying an additional 3,206 shares in the last quarter. Montag A & Associates Inc. bought a new position in Comcast during the third quarter valued at about $200,000. Finally, Haverford Trust Co. raised its holdings in Comcast by 0.6% during the third quarter. Haverford Trust Co. now owns 3,177,387 shares of the cable giant’s stock valued at $143,237,000 after buying an additional 17,693 shares in the last quarter. 82.73% of the stock is owned by institutional investors and hedge funds.
In other news, SVP Daniel C. Murdock sold 848 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $44.23, for a total value of $37,507.04. Following the sale, the senior vice president now directly owns 3,419 shares of the company’s stock, valued at approximately $151,222.37. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Sheldon M. Bonovitz sold 5,600 shares of the stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $45.47, for a total transaction of $254,632.00. Following the completion of the transaction, the director now directly owns 27,912 shares in the company, valued at $1,269,158.64. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 518,696 shares of company stock valued at $23,333,254. Company insiders own 1.35% of the company’s stock.
NASDAQ CMCSA traded down $0.89 during trading on Friday, reaching $44.56. 23,042,400 shares of the company traded hands, compared to its average volume of 15,439,211. Comcast Co. has a 1-year low of $32.61 and a 1-year high of $47.27. The company has a market cap of $206.76 billion, a price-to-earnings ratio of 17.47, a P/E/G ratio of 1.22 and a beta of 1.07. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.86 and a current ratio of 0.86. The stock’s 50 day moving average price is $45.02 and its two-hundred day moving average price is $43.88.
Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, October 24th. The cable giant reported $0.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.04. The firm had revenue of $26.83 billion during the quarter, compared to analyst estimates of $26.77 billion. Comcast had a net margin of 11.45% and a return on equity of 24.25%. The company’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.65 EPS. Equities research analysts expect that Comcast Co. will post 3.09 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be paid a dividend of $0.21 per share. The ex-dividend date is Tuesday, January 7th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.89%. Comcast’s dividend payout ratio is 32.94%.
A number of equities analysts have recently commented on the company. ValuEngine lowered Comcast from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 2nd. Benchmark assumed coverage on Comcast in a research note on Wednesday, September 25th. They issued a “buy” rating and a $64.00 price objective on the stock. Sanford C. Bernstein assumed coverage on Comcast in a research note on Tuesday, October 15th. They issued a “market perform” rating and a $50.00 price objective on the stock. Wolfe Research set a $56.00 price objective on Comcast and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Cfra set a $50.00 target price on Comcast and gave the stock a “buy” rating in a research report on Wednesday, August 21st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eighteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $50.52.
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.
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