Empower Advisory Group LLC Has $79.64 Million Stake in Comcast Co. (NASDAQ:CMCSA)

Empower Advisory Group LLC grew its holdings in Comcast Co. (NASDAQ:CMCSA) by 4.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,906,515 shares of the cable giant’s stock after purchasing an additional 85,486 shares during the period. Empower Advisory Group LLC’s holdings in Comcast were worth $79,635,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of CMCSA. Fairscale Capital LLC purchased a new stake in Comcast in the 2nd quarter worth approximately $26,000. McClarren Financial Advisors Inc. increased its position in Comcast by 365.4% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after purchasing an additional 570 shares during the last quarter. Iron Horse Wealth Management LLC lifted its holdings in shares of Comcast by 220.3% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock valued at $32,000 after buying an additional 522 shares during the last quarter. 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 buying an additional 522 shares during the last quarter. Finally, Archer Investment Corp lifted its stake in Comcast by 177.1% in the second quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock valued at $32,000 after acquiring an additional 519 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Performance

CMCSA stock opened at $44.04 on Wednesday. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.11. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. The company has a market cap of $168.52 billion, a P/E ratio of 11.84, a price-to-earnings-growth ratio of 1.68 and a beta of 1.00. The business’s fifty day moving average is $41.36 and its 200-day moving average is $39.79.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The business had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. During the same quarter last year, the firm earned $1.08 EPS. Comcast’s quarterly revenue was up 6.5% compared to the same quarter last year. Equities research analysts forecast that Comcast Co. will post 4.25 EPS for the current year.

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 2.82%. The ex-dividend date is Wednesday, January 8th. Comcast’s dividend payout ratio is 33.33%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on CMCSA shares. StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 24th. Rosenblatt Securities reiterated a “neutral” rating and issued a $45.00 target price on shares of Comcast in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft raised their price target on Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Pivotal Research lifted their price target on Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Benchmark restated a “buy” rating and issued a $55.00 price objective on shares of Comcast in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $46.75.

About Comcast

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.