Live Oak Private Wealth LLC Has $2.22 Million Holdings in Comcast Corporation $CMCSA

Live Oak Private Wealth LLC cut its holdings in Comcast Corporation (NASDAQ:CMCSA) by 2.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 62,220 shares of the cable giant’s stock after selling 1,627 shares during the quarter. Live Oak Private Wealth LLC’s holdings in Comcast were worth $2,221,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Retirement Systems of Alabama boosted its stake in Comcast by 177.4% in the second quarter. Retirement Systems of Alabama now owns 2,247,932 shares of the cable giant’s stock valued at $80,229,000 after buying an additional 1,437,460 shares in the last quarter. Assetmark Inc. boosted its stake in Comcast by 16.1% in the second quarter. Assetmark Inc. now owns 3,165,365 shares of the cable giant’s stock valued at $112,972,000 after buying an additional 438,946 shares in the last quarter. HBK Sorce Advisory LLC boosted its stake in Comcast by 1.4% in the second quarter. HBK Sorce Advisory LLC now owns 357,736 shares of the cable giant’s stock valued at $12,768,000 after buying an additional 4,995 shares in the last quarter. Premier Path Wealth Partners LLC boosted its stake in Comcast by 3.0% in the second quarter. Premier Path Wealth Partners LLC now owns 55,260 shares of the cable giant’s stock valued at $1,972,000 after buying an additional 1,613 shares in the last quarter. Finally, Hantz Financial Services Inc. boosted its stake in Comcast by 0.5% in the second quarter. Hantz Financial Services Inc. now owns 341,104 shares of the cable giant’s stock valued at $12,174,000 after buying an additional 1,566 shares in the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Price Performance

Shares of CMCSA opened at $28.53 on Thursday. Comcast Corporation has a 1 year low of $28.46 and a 1 year high of $45.31. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market capitalization of $105.34 billion, a price-to-earnings ratio of 4.72, a price-to-earnings-growth ratio of 1.73 and a beta of 0.94. The business has a 50-day moving average of $31.65 and a 200-day moving average of $33.41.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) for the quarter. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The company had revenue of $30.34 billion during the quarter. As a group, equities research analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CMCSA. Moffett Nathanson raised their price objective on Comcast from $56.00 to $58.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Rosenblatt Securities cut their price target on Comcast from $38.00 to $33.00 and set a “neutral” rating on the stock in a research note on Friday, October 17th. The Goldman Sachs Group cut their price target on Comcast from $40.00 to $39.00 and set a “buy” rating on the stock in a research note on Wednesday, September 24th. Arete Research raised Comcast to a “hold” rating in a research note on Tuesday, July 8th. Finally, UBS Group set a $43.00 price target on Comcast in a research note on Friday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fifteen have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $39.52.

Comcast 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.