GM Advisory Group LLC Has $457,000 Stock Position in Comcast Co. (NASDAQ:CMCSA)

GM Advisory Group LLC increased its stake in Comcast Co. (NASDAQ:CMCSA) by 5.3% during the third quarter, Holdings Channel.com reports. The fund owned 10,942 shares of the cable giant’s stock after buying an additional 547 shares during the period. GM Advisory Group LLC’s holdings in Comcast were worth $457,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Fairscale Capital LLC bought a new stake in Comcast in the second quarter worth approximately $26,000. Strategic Financial Concepts LLC bought a new stake in Comcast in the second quarter worth approximately $27,000. IAG Wealth Partners LLC increased its holdings in Comcast by 204.7% in the second quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock worth $30,000 after purchasing an additional 522 shares in the last quarter. McClarren Financial Advisors Inc. increased its holdings in Comcast by 365.4% in the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after purchasing an additional 570 shares in the last quarter. Finally, Archer Investment Corp increased its holdings in Comcast by 177.1% in the second quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock worth $32,000 after purchasing an additional 519 shares in the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CMCSA. Benchmark reiterated a “buy” rating and issued a $60.00 target price on shares of Comcast in a report on Tuesday. Wells Fargo & Company lifted their target price on Comcast from $43.00 to $46.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. TD Cowen decreased their price objective on Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a report on Friday, November 1st. Macquarie boosted their price objective on Comcast from $40.00 to $42.00 and gave the company a “neutral” rating in a report on Monday, November 18th. Finally, StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $47.19.

Comcast Trading Down 0.1 %

Shares of Comcast stock opened at $43.47 on Friday. The stock has a fifty day simple moving average of $41.98 and a 200 day simple moving average of $40.03. Comcast Co. has a 12-month low of $36.43 and a 12-month high of $47.11. The company has a market capitalization of $166.34 billion, a P/E ratio of 11.69, a price-to-earnings-growth ratio of 1.60 and a beta of 1.00. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results 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. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The business had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. During the same quarter in the prior year, the company posted $1.08 earnings per share. Comcast’s revenue was up 6.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Comcast Co. will post 4.26 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be paid a dividend of $0.31 per share. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.85%. Comcast’s payout ratio is 33.33%.

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.