Live Oak Private Wealth LLC Has $1.63 Million Stake in Comcast Co. (NASDAQ:CMCSA)

Live Oak Private Wealth LLC lessened its position in Comcast Co. (NASDAQ:CMCSA) by 69.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,431 shares of the cable giant’s stock after selling 99,834 shares during the period. Live Oak Private Wealth LLC’s holdings in Comcast were worth $1,630,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in CMCSA. Winch Advisory Services LLC increased its stake in shares of Comcast by 269.9% in the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after buying an additional 502 shares during the period. McClarren Financial Advisors Inc. boosted its holdings in Comcast by 365.4% in the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 570 shares during the last quarter. Safe Harbor Fiduciary LLC acquired a new stake in Comcast during the 3rd quarter valued at approximately $30,000. Iron Horse Wealth Management LLC raised its holdings in Comcast by 220.3% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock worth $32,000 after purchasing an additional 522 shares during the last quarter. Finally, Dunhill Financial LLC lifted its position in shares of Comcast by 54.8% in the 3rd quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock worth $34,000 after purchasing an additional 288 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Comcast Price Performance

Shares of Comcast stock opened at $34.47 on Friday. The business’s 50-day moving average price is $38.05 and its 200-day moving average price is $39.93. The firm has a market capitalization of $131.90 billion, a PE ratio of 8.31, a price-to-earnings-growth ratio of 1.23 and a beta of 1.00. Comcast Co. has a 12 month low of $32.50 and a 12 month high of $45.31. The company has a current ratio of 0.68, a quick ratio of 0.72 and a debt-to-equity ratio of 1.09.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, topping 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 forecast that Comcast Co. will post 4.4 EPS for the current fiscal year.

Comcast Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.83%. This is a positive change from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. Comcast’s dividend payout ratio (DPR) is presently 29.88%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on CMCSA shares. Barclays lowered their price objective on Comcast from $42.00 to $37.00 and set an “equal weight” rating for the company in a research report on Monday. BNP Paribas upgraded Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 target price for the company in a report on Friday, January 31st. Deutsche Bank Aktiengesellschaft increased their price target on Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, November 1st. JPMorgan Chase & Co. lowered 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. Finally, Scotiabank lowered shares of Comcast from a “sector outperform” rating to a “sector perform” rating and cut their target price for the stock from $48.00 to $44.50 in a research note on Monday. Ten equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Comcast has a consensus rating of “Moderate Buy” and an average price target of $44.13.

Comcast Company 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.