Lake Street Private Wealth LLC Decreases Stake in Comcast Co. (NASDAQ:CMCSA)

Lake Street Private Wealth LLC decreased its stake in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 12.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 67,623 shares of the cable giant's stock after selling 9,875 shares during the period. Lake Street Private Wealth LLC's holdings in Comcast were worth $2,538,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CMCSA. Koshinski Asset Management Inc. boosted its holdings in Comcast by 0.8% in the third quarter. Koshinski Asset Management Inc. now owns 30,584 shares of the cable giant's stock valued at $1,277,000 after acquiring an additional 249 shares during the last quarter. Taurus Asset Management LLC boosted its stake in shares of Comcast by 2.9% in the 3rd quarter. Taurus Asset Management LLC now owns 9,125 shares of the cable giant's stock valued at $381,000 after purchasing an additional 253 shares during the last quarter. Regent Peak Wealth Advisors LLC increased its position in shares of Comcast by 3.1% during the third quarter. Regent Peak Wealth Advisors LLC now owns 8,445 shares of the cable giant's stock worth $353,000 after buying an additional 257 shares during the period. Abich Financial Wealth Management LLC raised its stake in Comcast by 4.7% during the third quarter. Abich Financial Wealth Management LLC now owns 5,829 shares of the cable giant's stock worth $243,000 after buying an additional 260 shares during the last quarter. Finally, Saxon Interests Inc. lifted its holdings in Comcast by 2.0% in the third quarter. Saxon Interests Inc. now owns 13,554 shares of the cable giant's stock valued at $566,000 after buying an additional 262 shares during the period. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Comcast

In other Comcast news, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the completion of the sale, the president now directly owns 534,849 shares in the company, valued at $22,779,218.91. The trade was a 4.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Brian L. Roberts sold 234,464 shares of the firm's stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total transaction of $10,002,234.24. Following the sale, the chief executive officer now owns 6,669,928 shares in the company, valued at approximately $284,539,128.48. This trade represents 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.

Analyst Ratings Changes

CMCSA has been the topic of a number of research reports. Evercore ISI upgraded shares of Comcast to a "strong-buy" rating in a research report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Comcast from $49.00 to $50.00 and gave the company a "buy" rating in a report on Friday, November 1st. Seaport Res Ptn raised Comcast from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, December 11th. Scotiabank raised Comcast from a "sector perform" rating to a "sector outperform" rating and raised their price objective for the company from $47.75 to $48.00 in a research note on Friday, November 1st. Finally, Wells Fargo & Company lowered their price objective on shares of Comcast from $46.00 to $45.00 and set an "equal weight" rating on the stock in a report on Monday, January 6th. One analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $47.33.

Comcast Stock Performance

Comcast stock traded up $0.27 during midday trading on Friday, reaching $36.58. The stock had a trading volume of 21,859,674 shares, compared to its average volume of 18,748,178. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $139.97 billion, a PE ratio of 9.83, a P/E/G ratio of 1.33 and a beta of 1.01. Comcast Co. has a 12 month low of $36.15 and a 12 month high of $47.11. The firm's 50-day moving average price is $39.97 and its 200 day moving average price is $40.18.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The business had revenue of $32.07 billion for the quarter, compared to analysts' expectations of $31.78 billion. During the same quarter in the previous year, the firm posted $1.08 EPS. The business's revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, research analysts predict that Comcast Co. will post 4.25 earnings per share for the current fiscal year.

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be given a dividend of $0.31 per share. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.39%. Comcast's dividend payout ratio (DPR) is currently 33.33%.

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.