LVW Advisors LLC Acquires 26,014 Shares of Comcast Co. (NASDAQ:CMCSA)

LVW Advisors LLC grew its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 176.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,759 shares of the cable giant’s stock after purchasing an additional 26,014 shares during the quarter. LVW Advisors LLC’s holdings in Comcast were worth $1,703,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Bontempo Ohly Capital Mgmt LLC lifted its position in Comcast by 2.3% during the fourth quarter. Bontempo Ohly Capital Mgmt LLC now owns 102,623 shares of the cable giant’s stock valued at $4,500,000 after purchasing an additional 2,285 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its position in Comcast by 215.7% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,622,246 shares of the cable giant’s stock valued at $158,835,000 after purchasing an additional 2,474,946 shares during the last quarter. Harris Associates L P lifted its position in Comcast by 10.9% during the fourth quarter. Harris Associates L P now owns 18,873,787 shares of the cable giant’s stock valued at $827,616,000 after purchasing an additional 1,854,671 shares during the last quarter. Profund Advisors LLC lifted its position in Comcast by 20.2% during the fourth quarter. Profund Advisors LLC now owns 355,086 shares of the cable giant’s stock valued at $15,571,000 after purchasing an additional 59,681 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its position in Comcast by 0.3% during the fourth quarter. Public Employees Retirement System of Ohio now owns 2,198,085 shares of the cable giant’s stock valued at $96,386,000 after purchasing an additional 6,091 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors.

Comcast Stock Performance

NASDAQ:CMCSA traded up $0.21 during mid-day trading on Friday, reaching $41.31. The company’s stock had a trading volume of 1,933,318 shares, compared to its average volume of 19,692,689. Comcast Co. has a 12-month low of $36.43 and a 12-month high of $47.11. The firm’s fifty day moving average price is $39.96 and its two-hundred day moving average price is $39.51. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.16. The stock has a market cap of $159.97 billion, a P/E ratio of 10.93, a PEG ratio of 1.10 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Tuesday, July 23rd. The cable giant reported $1.21 EPS for the quarter, beating the consensus estimate of $1.12 by $0.09. The firm had revenue of $29.69 billion during the quarter, compared to analyst estimates of $30.02 billion. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The business’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.13 EPS. On average, equities analysts forecast that Comcast Co. will post 4.23 EPS for the current fiscal year.

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd will be paid a $0.31 dividend. The ex-dividend date is Wednesday, October 2nd. This represents a $1.24 annualized dividend and a yield of 3.00%. Comcast’s payout ratio is 32.98%.

Analyst Ratings Changes

Several research firms have commented on CMCSA. Rosenblatt Securities reissued a “neutral” rating and set a $45.00 price target on shares of Comcast in a research note on Wednesday, July 24th. KeyCorp decreased their target price on shares of Comcast from $45.00 to $44.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. The Goldman Sachs Group began coverage on shares of Comcast in a research note on Tuesday, June 25th. They issued a “buy” rating and a $44.00 target price on the stock. Finally, StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $45.55.

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.