Lakeshore Capital Group Inc. Has $474,000 Stock Position in Comcast Corporation $CMCSA

Lakeshore Capital Group Inc. increased its holdings in Comcast Corporation (NASDAQ:CMCSA) by 31.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,293 shares of the cable giant’s stock after acquiring an additional 3,181 shares during the period. Lakeshore Capital Group Inc.’s holdings in Comcast were worth $474,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of CMCSA. Nuveen LLC purchased a new stake in Comcast in the 1st quarter worth about $940,015,000. Dodge & Cox lifted its stake in Comcast by 19.1% in the 1st quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant’s stock worth $3,476,635,000 after acquiring an additional 15,115,074 shares in the last quarter. Pacer Advisors Inc. lifted its stake in Comcast by 1,959.3% in the 1st quarter. Pacer Advisors Inc. now owns 13,228,732 shares of the cable giant’s stock worth $488,140,000 after acquiring an additional 12,586,329 shares in the last quarter. KBC Group NV lifted its stake in Comcast by 724.7% in the 1st quarter. KBC Group NV now owns 10,160,649 shares of the cable giant’s stock worth $374,927,000 after acquiring an additional 8,928,641 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its stake in Comcast by 119.1% in the 1st quarter. Acadian Asset Management LLC now owns 7,595,322 shares of the cable giant’s stock worth $280,238,000 after acquiring an additional 4,128,434 shares in the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Stock Down 1.6%

Shares of CMCSA stock opened at $30.60 on Wednesday. The stock’s 50 day simple moving average is $32.64 and its 200 day simple moving average is $34.07. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.91 and a current ratio of 0.91. Comcast Corporation has a twelve month low of $30.30 and a twelve month high of $45.31. The company has a market capitalization of $112.98 billion, a price-to-earnings ratio of 5.06, a PEG ratio of 1.83 and a beta of 0.94.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, July 31st. The cable giant reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.18 by $0.07. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The business had revenue of $30.31 billion for the quarter, compared to the consensus estimate of $29.81 billion. During the same period last year, the business earned $1.21 EPS. The firm’s revenue was up 2.1% compared to the same quarter last year. As a group, research analysts predict that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Wednesday, October 1st. Comcast’s dividend payout ratio (DPR) is presently 21.82%.

Analysts Set New Price Targets

Several brokerages recently issued reports on CMCSA. Sanford C. Bernstein reduced their price objective on Comcast from $37.00 to $36.00 and set a “market perform” rating for the company in a research note on Wednesday, September 10th. UBS Group set a $43.00 price target on Comcast in a research note on Friday. Bank of America cut their price target on Comcast from $38.00 to $36.00 and set a “neutral” rating for the company in a research note on Monday, September 29th. Citigroup reaffirmed a “buy” rating on shares of Comcast in a research note on Tuesday, August 26th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Comcast from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $39.94.

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.