IMS Capital Management bought a new position in Comcast Co. (NASDAQ:CMCSA) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 11,578 shares of the cable giant’s stock, valued at approximately $522,000.

A number of other hedge funds have also recently modified their holdings of CMCSA. Nuveen Asset Management LLC increased its position in Comcast by 1,088.1% in the 2nd quarter. Nuveen Asset Management LLC now owns 40,918,884 shares of the cable giant’s stock worth $1,730,050,000 after purchasing an additional 37,474,814 shares during the last quarter. APG Asset Management N.V. boosted its stake in shares of Comcast by 89.7% during the 2nd quarter. APG Asset Management N.V. now owns 19,074,628 shares of the cable giant’s stock worth $708,180,000 after acquiring an additional 9,020,100 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Comcast by 2.7% during the 2nd quarter. BlackRock Inc. now owns 325,166,060 shares of the cable giant’s stock worth $13,748,022,000 after acquiring an additional 8,635,296 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Comcast by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 391,492,214 shares of the cable giant’s stock worth $16,552,290,000 after acquiring an additional 7,792,136 shares in the last quarter. Finally, Rothschild & Co Wealth Management UK Ltd bought a new stake in shares of Comcast during the 2nd quarter worth about $305,744,000. 82.75% of the stock is currently owned by institutional investors.

In other Comcast news, Director Kenneth J. Bacon sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $45.03, for a total value of $180,120.00. Following the completion of the sale, the director now owns 29,603 shares in the company, valued at approximately $1,333,023.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Daniel C. Murdock sold 848 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $44.23, for a total value of $37,507.04. Following the completion of the sale, the senior vice president now owns 3,419 shares of the company’s stock, valued at approximately $151,222.37. The disclosure for this sale can be found here. 1.35% of the stock is currently owned by company insiders.

NASDAQ:CMCSA traded up $0.27 during mid-day trading on Wednesday, hitting $44.38. 9,368,583 shares of the company’s stock traded hands, compared to its average volume of 18,132,676. The firm has a 50 day moving average of $45.05 and a two-hundred day moving average of $43.13. Comcast Co. has a 12 month low of $32.61 and a 12 month high of $47.27. The firm has a market capitalization of $202.66 billion, a price-to-earnings ratio of 17.40, a price-to-earnings-growth ratio of 1.22 and a beta of 1.08. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 1.30.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, July 25th. The cable giant reported $0.78 EPS for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.03. Comcast had a return on equity of 17.50% and a net margin of 11.64%. The company had revenue of $26.86 billion during the quarter, compared to the consensus estimate of $27.08 billion. During the same quarter last year, the company earned $0.65 EPS. The company’s quarterly revenue was up 23.6% on a year-over-year basis. As a group, equities research analysts expect that Comcast Co. will post 3.07 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd will be given a $0.21 dividend. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.89%. Comcast’s dividend payout ratio is currently 32.94%.

CMCSA has been the subject of several recent analyst reports. Citigroup upped their price target on Comcast from $50.00 to $56.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Macquarie initiated coverage on Comcast in a research note on Wednesday, June 19th. They set a “buy” rating and a $50.00 price target for the company. BidaskClub upgraded Comcast from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. Bank of America set a $58.00 price target on Comcast and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Finally, Benchmark initiated coverage on Comcast in a research note on Wednesday, September 25th. They set a “buy” rating and a $64.00 price target for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-three have assigned a buy rating to the company. Comcast has a consensus rating of “Buy” and a consensus target price of $48.70.

Comcast Company 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, and security and automation services to residential and business customers under the Xfinity name; and advertising services.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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