KAMES CAPITAL plc purchased a new stake in shares of Comcast Co. (NASDAQ:CMCSA) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 10,022 shares of the cable giant’s stock, valued at approximately $355,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. WP Advisors LLC bought a new stake in Comcast in the second quarter worth about $105,000. Prentiss Smith & Co. Inc. raised its position in Comcast by 229.5% in the second quarter. Prentiss Smith & Co. Inc. now owns 3,295 shares of the cable giant’s stock worth $108,000 after acquiring an additional 2,295 shares during the period. IMA Wealth Inc. bought a new stake in Comcast in the second quarter worth about $108,000. Acropolis Investment Management LLC bought a new stake in Comcast in the third quarter worth about $126,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in Comcast in the second quarter worth about $129,000. 80.15% of the stock is currently owned by institutional investors.

Shares of NASDAQ:CMCSA opened at $34.62 on Friday. The company has a market cap of $164.46 billion, a P/E ratio of 16.81, a PEG ratio of 1.12 and a beta of 1.19. Comcast Co. has a 12 month low of $30.43 and a 12 month high of $44.00. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.96 and a quick ratio of 0.96.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, July 26th. The cable giant reported $0.65 EPS for the quarter, beating the consensus estimate of $0.61 by $0.04. The company had revenue of $21.74 billion during the quarter, compared to analysts’ expectations of $21.85 billion. Comcast had a net margin of 27.42% and a return on equity of 15.92%. Comcast’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.52 earnings per share. As a group, equities research analysts anticipate that Comcast Co. will post 2.53 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 24th. Investors of record on Wednesday, October 3rd will be paid a dividend of $0.19 per share. The ex-dividend date is Tuesday, October 2nd. This represents a $0.76 annualized dividend and a yield of 2.20%. Comcast’s dividend payout ratio is currently 36.89%.

In other Comcast news, EVP Arthur R. Block sold 1,082 shares of the business’s stock in a transaction that occurred on Monday, September 24th. The shares were sold at an average price of $35.94, for a total value of $38,887.08. Following the completion of the transaction, the executive vice president now owns 62,476 shares of the company’s stock, valued at approximately $2,245,387.44. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Arthur R. Block sold 6,448 shares of the business’s stock in a transaction that occurred on Thursday, September 27th. The stock was sold at an average price of $35.48, for a total transaction of $228,775.04. Following the completion of the transaction, the executive vice president now directly owns 74,644 shares of the company’s stock, valued at approximately $2,648,369.12. The disclosure for this sale can be found here. 1.31% of the stock is currently owned by insiders.

Several analysts have recently issued reports on the stock. BidaskClub raised shares of Comcast from a “sell” rating to a “hold” rating in a research report on Friday, June 15th. Pivotal Research reissued a “buy” rating and issued a $45.00 price target on shares of Comcast in a research report on Tuesday, June 26th. Credit Suisse Group assumed coverage on shares of Comcast in a research report on Tuesday, July 10th. They issued a “neutral” rating and a $36.00 price target on the stock. Raymond James raised shares of Comcast from a “market perform” rating to an “outperform” rating in a research report on Thursday, July 19th. Finally, Robert W. Baird lowered their price target on shares of Comcast from $42.00 to $41.00 and set an “outperform” rating on the stock in a research report on Monday, July 30th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nineteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $44.96.

Comcast Profile

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

See Also: Understanding each part of a balance sheet

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.