Lokken Investment Group LLC Acquires 3,346 Shares of Comcast Co. (NASDAQ:CMCSA)

Lokken Investment Group LLC raised its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 14.0% in the second quarter, Holdings Channel reports. The fund owned 27,282 shares of the cable giant’s stock after acquiring an additional 3,346 shares during the period. Lokken Investment Group LLC’s holdings in Comcast were worth $1,068,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CMCSA. Blair William & Co. IL grew its holdings in shares of Comcast by 197.4% during the second quarter. Blair William & Co. IL now owns 378,175 shares of the cable giant’s stock worth $14,809,000 after purchasing an additional 251,008 shares during the last quarter. O Brien Greene & Co. Inc grew its position in shares of Comcast by 2.1% during the 2nd quarter. O Brien Greene & Co. Inc now owns 13,513 shares of the cable giant’s stock worth $529,000 after buying an additional 283 shares during the period. Vanguard Personalized Indexing Management LLC raised its position in shares of Comcast by 8.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 381,579 shares of the cable giant’s stock valued at $14,407,000 after acquiring an additional 29,480 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its stake in Comcast by 2.0% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 137,085 shares of the cable giant’s stock valued at $5,368,000 after buying an additional 2,629 shares during the period. Finally, Argent Trust Co raised its position in shares of Comcast by 0.4% in the 2nd quarter. Argent Trust Co now owns 379,571 shares of the cable giant’s stock valued at $14,864,000 after acquiring an additional 1,645 shares during the period. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Stock Performance

NASDAQ CMCSA opened at $39.28 on Wednesday. The company has a market cap of $154.12 billion, a P/E ratio of 10.39, a PEG ratio of 1.03 and a beta of 1.01. The company has a fifty day simple moving average of $39.43 and a 200 day simple moving average of $39.67. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.16. Comcast Co. has a 12-month low of $36.43 and a 12-month high of $47.11.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Tuesday, July 23rd. The cable giant reported $1.21 EPS for the quarter, topping the consensus estimate of $1.12 by $0.09. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The company had revenue of $29.69 billion during the quarter, compared to the consensus estimate of $30.02 billion. During the same period in the previous year, the firm posted $1.13 earnings per share. The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. Sell-side analysts predict that Comcast Co. will post 4.23 earnings per share for the current fiscal year.

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd will be issued a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.16%. Comcast’s dividend payout ratio is presently 32.80%.

Analysts Set New Price Targets

CMCSA has been the topic of several recent analyst reports. Seaport Res Ptn lowered Comcast from a “strong-buy” rating to a “hold” rating in a report on Monday, June 24th. BNP Paribas downgraded Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 target price on the stock. in a research report on Tuesday, June 11th. Barclays cut their price target on shares of Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a research note on Thursday, July 25th. The Goldman Sachs Group assumed coverage on Comcast in a report on Tuesday, June 25th. They set a “buy” rating and a $44.00 target price on the stock. Finally, StockNews.com cut shares of Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, September 13th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $45.78.

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.