Lifeworks Advisors LLC Increases Stake in Comcast Corporation $CMCSA

Lifeworks Advisors LLC lifted its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 10.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,088 shares of the cable giant’s stock after buying an additional 1,876 shares during the quarter. Lifeworks Advisors LLC’s holdings in Comcast were worth $717,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of CMCSA. Brighton Jones LLC grew its holdings in Comcast by 150.9% in the fourth quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock worth $6,240,000 after purchasing an additional 99,986 shares during the period. Mutual Advisors LLC grew its holdings in Comcast by 10.0% in the first quarter. Mutual Advisors LLC now owns 47,069 shares of the cable giant’s stock worth $1,596,000 after purchasing an additional 4,260 shares during the period. OneDigital Investment Advisors LLC grew its holdings in Comcast by 6.1% in the first quarter. OneDigital Investment Advisors LLC now owns 69,514 shares of the cable giant’s stock worth $2,565,000 after purchasing an additional 4,015 shares during the period. Strategic Blueprint LLC grew its holdings in Comcast by 10.8% in the first quarter. Strategic Blueprint LLC now owns 8,584 shares of the cable giant’s stock worth $317,000 after purchasing an additional 836 shares during the period. Finally, Capital Investment Advisory Services LLC grew its holdings in Comcast by 20.1% in the first quarter. Capital Investment Advisory Services LLC now owns 17,714 shares of the cable giant’s stock worth $654,000 after purchasing an additional 2,964 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of a number of recent research reports. Williams Trading set a $40.00 price objective on shares of Comcast in a report on Friday. Arete cut their price objective on shares of Comcast from $39.00 to $33.00 and set a “neutral” rating on the stock in a report on Tuesday, October 28th. UBS Group set a $34.00 price objective on shares of Comcast in a report on Friday. TD Cowen cut their price objective on shares of Comcast from $46.00 to $40.00 and set a “buy” rating on the stock in a report on Friday. Finally, Cowen reiterated a “buy” rating on shares of Comcast in a report on Friday. Eleven equities research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $36.74.

Comcast Trading Up 1.9%

NASDAQ:CMCSA opened at $27.83 on Friday. The company’s 50 day moving average price is $31.40 and its 200-day moving average price is $33.32. Comcast Corporation has a 52 week low of $25.75 and a 52 week high of $45.31. The company has a quick ratio of 0.91, a current ratio of 0.88 and a debt-to-equity ratio of 0.96. The stock has a market cap of $102.75 billion, a price-to-earnings ratio of 4.63, a PEG ratio of 1.65 and a beta of 0.94.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 earnings per share for the quarter. The company had revenue of $30.34 billion for the quarter. Comcast had a net margin of 18.33% and a return on equity of 18.06%. On average, equities research analysts forecast that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 14th will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, January 14th. This represents a $1.32 dividend on an annualized basis and a yield of 4.7%. Comcast’s dividend payout ratio is 21.82%.

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.