IAM Advisory LLC Buys Shares of 16,831 Comcast Co. (NASDAQ:CMCSA)

IAM Advisory LLC acquired a new stake in Comcast Co. (NASDAQ:CMCSA) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 16,831 shares of the cable giant’s stock, valued at approximately $879,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of Comcast by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 391,480,518 shares of the cable giant’s stock valued at $22,322,220,000 after buying an additional 3,978,161 shares in the last quarter. Capital International Investors increased its position in shares of Comcast by 2.9% in the 2nd quarter. Capital International Investors now owns 226,174,387 shares of the cable giant’s stock valued at $12,895,902,000 after buying an additional 6,432,001 shares in the last quarter. State Street Corp increased its position in shares of Comcast by 2.3% in the 2nd quarter. State Street Corp now owns 170,761,419 shares of the cable giant’s stock valued at $9,736,816,000 after buying an additional 3,795,262 shares in the last quarter. FMR LLC boosted its stake in Comcast by 12.0% in the 2nd quarter. FMR LLC now owns 112,683,895 shares of the cable giant’s stock worth $6,425,236,000 after purchasing an additional 12,066,751 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Comcast by 3.1% in the 2nd quarter. Geode Capital Management LLC now owns 75,017,749 shares of the cable giant’s stock worth $4,265,121,000 after purchasing an additional 2,228,592 shares during the period. Institutional investors and hedge funds own 82.48% of the company’s stock.

A number of equities analysts recently weighed in on the stock. BNP Paribas assumed coverage on shares of Comcast in a research note on Monday, September 27th. They issued an “outperform” rating and a $72.00 target price for the company. Morgan Stanley upped their target price on shares of Comcast from $70.00 to $72.00 and gave the stock an “overweight” rating in a research note on Friday, July 30th. Barclays reduced their target price on shares of Comcast from $65.00 to $60.00 and set an “overweight” rating for the company in a research note on Monday, November 1st. Exane BNP Paribas assumed coverage on shares of Comcast in a research note on Monday, September 27th. They issued an “outperform” rating and a $72.00 target price for the company. Finally, Citigroup reduced their target price on shares of Comcast from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Monday, November 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat, Comcast presently has a consensus rating of “Buy” and a consensus price target of $65.87.

Shares of NASDAQ:CMCSA opened at $51.88 on Thursday. Comcast Co. has a 52-week low of $48.15 and a 52-week high of $61.80. The company has a market capitalization of $237.04 billion, a P/E ratio of 16.74, a price-to-earnings-growth ratio of 1.06 and a beta of 0.96. The company has a 50-day simple moving average of $54.21 and a 200 day simple moving average of $56.61. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.03 and a current ratio of 1.03.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, October 28th. The cable giant reported $0.87 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.12. The business had revenue of $30.30 billion during the quarter, compared to the consensus estimate of $29.87 billion. Comcast had a net margin of 12.73% and a return on equity of 14.88%. Comcast’s revenue was up 18.7% on a year-over-year basis. During the same period last year, the business posted $0.65 EPS. As a group, equities analysts forecast that Comcast Co. will post 3.15 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 26th. Shareholders of record on Wednesday, January 5th will be issued a $0.25 dividend. The ex-dividend date is Tuesday, January 4th. This represents a $1.00 annualized dividend and a yield of 1.93%. Comcast’s dividend payout ratio is currently 32.26%.

Comcast Company Profile

Comcast Corp. is a media, entertainment, and communications company, which engages in the provision of video, Internet, and phone services. It operates through the following segments: Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks and Sky. The Cable Communications segment provides video, Internet, voice, and security and automation services under the Xfinity brand.

Recommended Story: Investing strategies using the yield curve

Want to see what other hedge funds are holding CMCSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comcast Co. (NASDAQ:CMCSA).

Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

Receive News & Ratings for Comcast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast and related companies with MarketBeat.com's FREE daily email newsletter.