Lavaca Capital LLC decreased its stake in Comcast Co. (NASDAQ:CMCSA) by 40.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,818 shares of the cable giant’s stock after selling 5,900 shares during the quarter. Lavaca Capital LLC’s holdings in Comcast were worth $462,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Rockbridge Investment Management LCC purchased a new stake in Comcast during the second quarter worth $29,000. Arlington Partners LLC acquired a new position in Comcast in the 4th quarter worth about $30,000. Planned Solutions Inc. acquired a new position in shares of Comcast during the 3rd quarter worth approximately $32,000. MBM Wealth Consultants LLC lifted its position in shares of Comcast by 79.6% during the 3rd quarter. MBM Wealth Consultants LLC now owns 817 shares of the cable giant’s stock valued at $38,000 after buying an additional 362 shares in the last quarter. Finally, Stuart Chaussee & Associates Inc. acquired a new stake in Comcast in the 3rd quarter valued at $41,000. 82.56% of the stock is currently owned by hedge funds and other institutional investors.

Shares of CMCSA traded up $0.15 during mid-day trading on Wednesday, hitting $50.16. 15,289,302 shares of the company’s stock were exchanged, compared to its average volume of 20,021,383. Comcast Co. has a twelve month low of $31.70 and a twelve month high of $52.49. The firm has a fifty day moving average of $51.17 and a two-hundred day moving average of $45.93. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.20. The stock has a market cap of $229.50 billion, a price-to-earnings ratio of 22.49, a P/E/G ratio of 1.77 and a beta of 0.99.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, October 29th. The cable giant reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.14. The firm had revenue of $25.53 billion during the quarter, compared to the consensus estimate of $24.73 billion. Comcast had a return on equity of 15.45% and a net margin of 9.90%. The firm’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.79 EPS. On average, equities analysts predict that Comcast Co. will post 2.55 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 27th. Stockholders of record on Wednesday, January 6th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend is Tuesday, January 5th. Comcast’s dividend payout ratio (DPR) is currently 29.39%.

Several equities research analysts recently commented on CMCSA shares. Smith Barney Citigroup increased their price target on Comcast from $52.00 to $54.00 in a report on Tuesday, November 10th. Citigroup lifted their target price on shares of Comcast from $49.00 to $52.00 and gave the company a “buy” rating in a report on Friday, October 16th. ValuEngine downgraded shares of Comcast from a “hold” rating to a “sell” rating in a research note on Friday, December 11th. Pivotal Research lifted their price target on shares of Comcast from $52.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, September 16th. Finally, Benchmark increased their target price on Comcast from $54.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, September 22nd. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Comcast currently has an average rating of “Buy” and an average price target of $50.57.

In other Comcast news, CEO Jeff Shell sold 5,582 shares of the stock in a transaction dated Wednesday, December 2nd. The stock was sold at an average price of $51.23, for a total value of $285,965.86. Following the transaction, the chief executive officer now owns 348,167 shares of the company’s stock, valued at $17,836,595.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.14% of the stock is owned by company insiders.

Comcast Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, wireless, and security and automation services to residential and business customers under the Xfinity brand; and advertising services.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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