Live Oak Investment Partners Buys 2,209 Shares of Comcast Co. (NASDAQ:CMCSA)

Live Oak Investment Partners lifted its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 9.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 26,402 shares of the cable giant’s stock after acquiring an additional 2,209 shares during the quarter. Live Oak Investment Partners’ holdings in Comcast were worth $1,103,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Entropy Technologies LP bought a new stake in Comcast during the 1st quarter valued at approximately $1,932,000. Koshinski Asset Management Inc. bought a new stake in shares of Comcast in the 1st quarter worth approximately $1,352,000. Dearborn Partners LLC lifted its position in shares of Comcast by 4.6% in the 1st quarter. Dearborn Partners LLC now owns 9,748 shares of the cable giant’s stock worth $423,000 after acquiring an additional 426 shares during the period. TBH Global Asset Management LLC lifted its position in shares of Comcast by 6.6% in the 1st quarter. TBH Global Asset Management LLC now owns 14,763 shares of the cable giant’s stock worth $640,000 after acquiring an additional 918 shares during the period. Finally, Kingsview Wealth Management LLC lifted its position in shares of Comcast by 6.6% in the 1st quarter. Kingsview Wealth Management LLC now owns 304,035 shares of the cable giant’s stock worth $13,180,000 after acquiring an additional 18,802 shares during the period. Institutional investors own 84.32% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on CMCSA. TD Cowen cut their target price on Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Friday, November 1st. KeyCorp raised their price target on Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Benchmark reaffirmed a “buy” rating and set a $55.00 price target on shares of Comcast in a report on Wednesday, October 30th. Macquarie reaffirmed a “neutral” rating and set a $40.00 price target on shares of Comcast in a report on Friday, November 1st. Finally, Scotiabank raised Comcast from a “sector perform” rating to a “sector outperform” rating and raised their price target for the company from $47.75 to $48.00 in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Comcast presently has a consensus rating of “Moderate Buy” and an average target price of $46.75.

Comcast Stock Performance

Shares of Comcast stock opened at $44.04 on Wednesday. The firm has a market cap of $168.52 billion, a price-to-earnings ratio of 11.84, a price-to-earnings-growth ratio of 1.68 and a beta of 1.00. The stock’s 50-day moving average is $41.27 and its 200-day moving average is $39.75. Comcast Co. has a one year low of $36.43 and a one year high of $47.11. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72.

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

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date is Wednesday, January 8th. Comcast’s dividend payout ratio (DPR) is presently 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.