Investment Management Associates Inc. ADV Acquires 2,696 Shares of Comcast Co. (NASDAQ:CMCSA)

Investment Management Associates Inc. ADV raised its holdings in Comcast Co. (NASDAQ:CMCSA) by 1.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 221,933 shares of the cable giant’s stock after acquiring an additional 2,696 shares during the period. Comcast makes up 3.6% of Investment Management Associates Inc. ADV’s investment portfolio, making the stock its 11th largest position. Investment Management Associates Inc. ADV’s holdings in Comcast were worth $8,329,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Winch Advisory Services LLC grew its position in Comcast by 269.9% during the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after acquiring an additional 502 shares during the last quarter. Roxbury Financial LLC purchased a new position in Comcast in the 4th quarter worth $27,000. Wingate Wealth Advisors Inc. bought a new stake in Comcast in the fourth quarter worth $28,000. Safe Harbor Fiduciary LLC purchased a new stake in Comcast during the third quarter valued at about $30,000. Finally, Dunhill Financial LLC grew its stake in shares of Comcast by 54.8% during the third quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock valued at $34,000 after buying an additional 288 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Analyst Ratings Changes

CMCSA has been the subject of several recent research reports. Loop Capital lowered their price objective on Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, January 2nd. Pivotal Research upped their price target on shares of Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a report on Friday, November 1st. Wells Fargo & Company cut their price target on shares of Comcast from $45.00 to $37.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Evercore ISI raised shares of Comcast to a “strong-buy” rating in a research note on Thursday, November 21st. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Nine analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $44.13.

Insiders Place Their Bets

In other news, President Michael J. Cavanagh sold 25,537 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total value of $1,087,620.83. Following the transaction, the president now directly owns 534,849 shares in the company, valued at $22,779,218.91. The trade was a 4.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Brian L. Roberts sold 234,464 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total value of $10,002,234.24. Following the completion of the transaction, the chief executive officer now directly owns 6,669,928 shares of the company’s stock, valued at approximately $284,539,128.48. This trade represents a 3.40 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.26% of the company’s stock.

Comcast Trading Down 0.2 %

Shares of CMCSA stock opened at $36.41 on Friday. The stock has a market capitalization of $137.67 billion, a P/E ratio of 8.77, a P/E/G ratio of 1.78 and a beta of 1.00. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. The firm’s 50 day moving average is $36.65 and its 200 day moving average is $39.60. Comcast Co. has a 12-month low of $32.50 and a 12-month high of $45.31.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, topping the consensus estimate of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. Research analysts expect that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.63%. The ex-dividend date is Wednesday, April 2nd. This is a positive change from Comcast’s previous quarterly dividend of $0.31. Comcast’s payout ratio is currently 29.88%.

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.