Lake Street Financial LLC boosted its holdings in Comcast Co. (NASDAQ:CMCSA) by 1.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,378 shares of the cable giant’s stock after purchasing an additional 726 shares during the quarter. Lake Street Financial LLC’s holdings in Comcast were worth $3,083,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Wagner Wealth Management LLC bought a new position in shares of Comcast during the 1st quarter valued at approximately $28,000. Newton One Investments LLC bought a new position in shares of Comcast during the 2nd quarter valued at approximately $28,000. Bogart Wealth LLC boosted its position in shares of Comcast by 274.7% during the 1st quarter. Bogart Wealth LLC now owns 562 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 412 shares during the last quarter. Lumature Wealth Partners LLC bought a new position in shares of Comcast during the 1st quarter valued at approximately $31,000. Finally, Retirement Group LLC raised its holdings in Comcast by 240.3% during the 1st quarter. Retirement Group LLC now owns 684 shares of the cable giant’s stock valued at $37,000 after buying an additional 483 shares during the period. Institutional investors and hedge funds own 82.89% of the company’s stock.
CMCSA stock traded down $0.35 during trading on Monday, hitting $58.48. 528,339 shares of the company traded hands, compared to its average volume of 17,025,648. The stock’s 50-day moving average is $57.29. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $267.88 billion, a P/E ratio of 21.95, a PEG ratio of 1.36 and a beta of 1.03. Comcast Co. has a 1 year low of $40.97 and a 1 year high of $59.70.
Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, July 29th. The cable giant reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.17. Comcast had a return on equity of 14.15% and a net margin of 11.44%. Research analysts predict that Comcast Co. will post 3.06 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 28th. Stockholders of record on Wednesday, July 7th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date was Tuesday, July 6th. Comcast’s dividend payout ratio (DPR) is presently 38.31%.
Several research firms recently weighed in on CMCSA. Wells Fargo & Company set a $57.55 price target on Comcast and gave the company a “sell” rating in a report on Monday, July 19th. HSBC increased their target price on Comcast from $56.00 to $64.00 and gave the stock a “buy” rating in a research note on Monday, May 24th. Citigroup increased their target price on Comcast from $59.00 to $62.00 in a research note on Friday, April 9th. Credit Suisse Group increased their target price on Comcast from $67.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Benchmark increased their target price on Comcast from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, July 12th. One analyst has rated the stock with a sell rating and eighteen have issued a buy rating to the company’s stock. Comcast presently has a consensus rating of “Buy” and an average target price of $64.93.
In other Comcast news, Director Kenneth J. Bacon sold 4,031 shares of the business’s stock in a transaction on Friday, June 4th. The stock was sold at an average price of $56.89, for a total transaction of $229,323.59. Following the transaction, the director now owns 29,580 shares of the company’s stock, valued at $1,682,806.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kenneth J. Bacon sold 3,966 shares of the business’s stock in a transaction on Monday, May 10th. The stock was sold at an average price of $58.83, for a total value of $233,319.78. Following the transaction, the director now directly owns 33,611 shares in the company, valued at approximately $1,977,335.13. The disclosure for this sale can be found here. Insiders own 1.04% of the company’s stock.
Comcast Company Profile
Comcast Corp. is a media, entertainment, and communications company, which engages in the provision of video, Internet, and phone services. It operates through the following segments: Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks and Sky. The Cable Communications segment provides video, Internet, voice, and security and automation services under the Xfinity brand.
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