Investment Management Associates Inc. ADV Has $9.16 Million Position in Comcast Co. (NASDAQ:CMCSA)

Investment Management Associates Inc. ADV lessened its position in Comcast Co. (NASDAQ:CMCSA) by 6.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 219,237 shares of the cable giant’s stock after selling 14,003 shares during the period. Comcast comprises approximately 3.6% of Investment Management Associates Inc. ADV’s holdings, making the stock its 12th biggest holding. Investment Management Associates Inc. ADV’s holdings in Comcast were worth $9,158,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Fairscale Capital LLC bought a new stake in Comcast during the 2nd quarter worth about $26,000. McClarren Financial Advisors Inc. increased its stake in shares of Comcast by 365.4% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 570 shares during the last quarter. Iron Horse Wealth Management LLC increased its stake in shares of Comcast by 220.3% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock valued at $32,000 after acquiring an additional 522 shares during the last quarter. IAG Wealth Partners LLC increased its stake in shares of Comcast by 204.7% in the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 522 shares during the last quarter. Finally, Archer Investment Corp increased its stake in shares of Comcast by 177.1% in the 2nd quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock valued at $32,000 after acquiring an additional 519 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Up 0.7 %

Shares of NASDAQ CMCSA opened at $44.20 on Tuesday. Comcast Co. has a 12-month low of $36.43 and a 12-month high of $47.11. The stock’s fifty day simple moving average is $41.18 and its two-hundred day simple moving average is $39.70. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. The stock has a market capitalization of $169.13 billion, a PE ratio of 11.88, a price-to-earnings-growth ratio of 1.66 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.06. The company had revenue of $32.07 billion for the quarter, compared to analysts’ expectations of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. Comcast’s revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.08 EPS. As a group, analysts expect that Comcast Co. will post 4.25 EPS for the current fiscal year.

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 annualized dividend and a yield of 2.81%. Comcast’s dividend payout ratio is currently 33.33%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Scotiabank upgraded Comcast from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the company from $47.75 to $48.00 in a research report on Friday, November 1st. Rosenblatt Securities reaffirmed a “neutral” rating and set a $45.00 price target on shares of Comcast in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft increased their price objective on Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a report on Friday, November 1st. KeyCorp increased their price objective on Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Finally, Macquarie reissued a “neutral” rating and issued a $40.00 price objective on shares of Comcast in a report on Friday, November 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, Comcast currently has a consensus rating of “Moderate Buy” and an average target price of $46.75.

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.