Lake Street Advisors Group LLC Boosts Stake in Comcast Co. (NASDAQ:CMCSA)

Lake Street Advisors Group LLC lifted its holdings in Comcast Co. (NASDAQ:CMCSA) by 4.1% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 44,944 shares of the cable giant’s stock after buying an additional 1,751 shares during the period. Lake Street Advisors Group LLC’s holdings in Comcast were worth $1,687,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of CMCSA. Winch Advisory Services LLC raised its position in Comcast by 269.9% in the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after acquiring an additional 502 shares during the period. Safe Harbor Fiduciary LLC purchased a new stake in shares of Comcast during the 3rd quarter worth approximately $30,000. Roxbury Financial LLC bought a new stake in shares of Comcast in the 4th quarter worth approximately $27,000. Wingate Wealth Advisors Inc. purchased a new position in Comcast in the fourth quarter valued at approximately $28,000. Finally, Dunhill Financial LLC grew its holdings in Comcast by 54.8% during the third quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock valued at $34,000 after purchasing an additional 288 shares during the period. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Stock Down 2.1 %

CMCSA stock opened at $35.10 on Thursday. Comcast Co. has a 1-year low of $32.50 and a 1-year high of $45.31. The stock has a market cap of $132.71 billion, a price-to-earnings ratio of 8.46, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00. 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 company’s 50 day moving average is $36.41 and its 200 day moving average is $39.52.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. Sell-side analysts predict that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be issued a $0.33 dividend. This is a boost from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date of this dividend is Wednesday, April 2nd. Comcast’s dividend payout ratio is presently 31.81%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CMCSA. TD Cowen dropped their price target on Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. The Goldman Sachs Group dropped their price objective on shares of Comcast from $50.00 to $44.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Rosenblatt Securities lowered their price target on shares of Comcast from $45.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. StockNews.com cut shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 3rd. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Comcast from $45.00 to $39.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Nine research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $43.83.

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.