Lake Street Private Wealth LLC Reduces Stake in Comcast Co. (NASDAQ:CMCSA)

Lake Street Private Wealth LLC lessened its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 12.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 67,623 shares of the cable giant’s stock after selling 9,875 shares during the period. Lake Street Private Wealth LLC’s holdings in Comcast were worth $2,538,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of CMCSA. Wilmington Savings Fund Society FSB increased its stake in Comcast by 55,334.5% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 8,273,052 shares of the cable giant’s stock worth $345,565,000 after buying an additional 8,258,128 shares during the period. FMR LLC grew its stake in Comcast by 5.4% in the 3rd quarter. FMR LLC now owns 117,420,328 shares of the cable giant’s stock worth $4,904,647,000 after acquiring an additional 6,062,658 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Comcast by 92.1% during the second quarter. AQR Capital Management LLC now owns 8,722,620 shares of the cable giant’s stock worth $339,223,000 after acquiring an additional 4,182,525 shares during the period. Public Sector Pension Investment Board raised its stake in shares of Comcast by 530.5% during the third quarter. Public Sector Pension Investment Board now owns 3,429,298 shares of the cable giant’s stock valued at $143,242,000 after acquiring an additional 2,885,370 shares in the last quarter. Finally, Darsana Capital Partners LP grew its stake in Comcast by 26.7% in the second quarter. Darsana Capital Partners LP now owns 9,500,000 shares of the cable giant’s stock worth $372,020,000 after purchasing an additional 2,000,000 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

Comcast Stock Up 0.7 %

NASDAQ:CMCSA opened at $36.58 on Friday. The firm has a market capitalization of $139.97 billion, a P/E ratio of 9.83, a PEG ratio of 1.33 and a beta of 1.01. The company’s fifty day moving average price is $40.11 and its 200-day moving average price is $40.18. Comcast Co. has a 1-year low of $36.15 and a 1-year high of $47.11. 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 (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.06. The company had revenue of $32.07 billion during the quarter, compared to analysts’ expectations of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. Comcast’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period last year, the business earned $1.08 earnings per share. As a group, equities research analysts anticipate that Comcast Co. will post 4.25 EPS for the current year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be paid a $0.31 dividend. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 annualized dividend and a dividend yield of 3.39%. Comcast’s dividend payout ratio is presently 33.33%.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of several recent research reports. Wells Fargo & Company dropped their target price on shares of Comcast from $46.00 to $45.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th. Deutsche Bank Aktiengesellschaft lifted their price target on Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a report on Friday, November 1st. Seaport Res Ptn upgraded Comcast from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. Barclays increased their price target on shares of Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Finally, KeyCorp lifted their price objective on shares of Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $47.33.

Insider Buying and Selling

In other Comcast news, CEO Brian L. Roberts sold 234,464 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total transaction of $10,002,234.24. Following the completion of the sale, the chief executive officer now directly owns 6,669,928 shares in the company, valued at approximately $284,539,128.48. The trade was a 3.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Michael J. Cavanagh sold 25,537 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total value of $1,087,620.83. Following the transaction, the president now directly owns 534,849 shares of the company’s stock, valued at $22,779,218.91. The trade was a 4.56 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by insiders.

Comcast 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.