Afam Capital Inc. increased its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 2.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 249,810 shares of the cable giant’s stock after buying an additional 5,976 shares during the period. Comcast comprises approximately 1.2% of Afam Capital Inc.’s investment portfolio, making the stock its 16th largest holding. Afam Capital Inc.’s holdings in Comcast were worth $8,846,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in CMCSA. Acropolis Investment Management LLC acquired a new position in Comcast in the 3rd quarter valued at $126,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in shares of Comcast in the 2nd quarter worth $129,000. Signature Estate & Investment Advisors LLC acquired a new stake in shares of Comcast in the 3rd quarter worth $149,000. Stelac Advisory Services LLC acquired a new stake in shares of Comcast in the 3rd quarter worth $154,000. Finally, Resources Investment Advisors Inc. increased its stake in shares of Comcast by 51.4% in the 2nd quarter. Resources Investment Advisors Inc. now owns 4,465 shares of the cable giant’s stock worth $147,000 after acquiring an additional 1,516 shares during the last quarter. Hedge funds and other institutional investors own 79.99% of the company’s stock.

In related news, EVP Arthur R. Block sold 6,448 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $2,648,369.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Arthur R. Block sold 1,082 shares of the firm’s stock in a transaction dated Monday, September 24th. The shares were sold at an average price of $35.94, for a total value of $38,887.08. Following the transaction, the executive vice president now owns 62,476 shares of the company’s stock, valued at $2,245,387.44. The disclosure for this sale can be found here. 1.31% of the stock is currently owned by company insiders.

A number of brokerages have issued reports on CMCSA. ValuEngine raised Comcast from a “sell” rating to a “hold” rating in a research note on Wednesday, October 31st. Barclays began coverage on Comcast in a research note on Tuesday, November 13th. They issued an “overweight” rating and a $44.00 target price for the company. Oppenheimer reaffirmed a “market perform” rating and issued a $42.00 target price on shares of Comcast in a research note on Monday, September 24th. Pivotal Research cut their target price on Comcast from $48.00 to $45.00 and set a “buy” rating for the company in a research note on Tuesday, October 2nd. Finally, BidaskClub downgraded Comcast from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 5th. Nine investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $44.61.

Shares of NASDAQ:CMCSA opened at $37.41 on Monday. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.18 and a quick ratio of 1.18. The stock has a market cap of $173.75 billion, a P/E ratio of 18.16, a price-to-earnings-growth ratio of 1.18 and a beta of 0.92. Comcast Co. has a 12-month low of $30.43 and a 12-month high of $44.00.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, October 25th. The cable giant reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.04. The firm had revenue of $22.14 billion during the quarter, compared to the consensus estimate of $21.75 billion. Comcast had a return on equity of 15.79% and a net margin of 27.33%. On average, sell-side analysts forecast that Comcast Co. will post 2.54 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 23rd. Investors of record on Wednesday, January 2nd will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date is Monday, December 31st. Comcast’s payout ratio is 36.89%.

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About Comcast

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.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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