Live Oak Investment Partners Purchases 384 Shares of Comcast Co. (NASDAQ:CMCSA)

Live Oak Investment Partners raised its position in Comcast Co. (NASDAQ:CMCSA) by 1.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 26,786 shares of the cable giant’s stock after acquiring an additional 384 shares during the quarter. Live Oak Investment Partners’ holdings in Comcast were worth $1,005,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of CMCSA. Wilmington Savings Fund Society FSB lifted its position in Comcast by 55,334.5% during the third quarter. Wilmington Savings Fund Society FSB now owns 8,273,052 shares of the cable giant’s stock valued at $345,565,000 after purchasing an additional 8,258,128 shares in the last quarter. FMR LLC raised its stake in shares of Comcast by 5.4% in the third quarter. FMR LLC now owns 117,420,328 shares of the cable giant’s stock worth $4,904,647,000 after buying an additional 6,062,658 shares during the period. Public Sector Pension Investment Board grew its stake in shares of Comcast by 530.5% during the 3rd 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 during the period. National Bank of Canada FI grew its stake in shares of Comcast by 31.7% during the 3rd quarter. National Bank of Canada FI now owns 7,613,977 shares of the cable giant’s stock valued at $318,036,000 after acquiring an additional 1,833,453 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Comcast by 6.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 30,364,136 shares of the cable giant’s stock worth $1,268,310,000 after acquiring an additional 1,717,762 shares during the period. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Trading Down 1.3 %

Shares of NASDAQ CMCSA opened at $35.50 on Wednesday. Comcast Co. has a fifty-two week low of $32.50 and a fifty-two week high of $45.31. The company has a market cap of $134.23 billion, a price-to-earnings ratio of 8.55, a PEG ratio of 1.78 and a beta of 1.00. The business’s 50 day moving average price is $36.23 and its 200-day moving average price is $39.42. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68.

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%. On average, sell-side analysts expect that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.32 annualized dividend and a yield of 3.72%. This is a boost from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio is 31.81%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. BNP Paribas upgraded shares of Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 price target for the company in a research report on Friday, January 31st. Macquarie cut their price target on Comcast from $42.00 to $36.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Loop Capital decreased their price target on Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, January 2nd. Barclays dropped their price objective on Comcast from $42.00 to $37.00 and set an “equal weight” rating for the company in a research note on Monday, February 3rd. Finally, Scotiabank downgraded Comcast from a “sector outperform” rating to a “sector perform” rating and decreased their target price for the company from $48.00 to $44.50 in a research note on Monday, February 3rd. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.