Comcast Co. (NASDAQ:CMCSA) Shares Acquired by Pacer Advisors Inc.

Pacer Advisors Inc. boosted its holdings in Comcast Co. (NASDAQ:CMCSA - Free Report) by 2.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 476,352 shares of the cable giant's stock after buying an additional 12,009 shares during the quarter. Pacer Advisors Inc.'s holdings in Comcast were worth $19,897,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Fairscale Capital LLC bought a new position in shares of Comcast during the second quarter worth about $26,000. McClarren Financial Advisors Inc. boosted its holdings in shares of Comcast by 365.4% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant's stock worth $30,000 after buying an additional 570 shares in the last quarter. Iron Horse Wealth Management LLC grew its position 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 worth $32,000 after buying an additional 522 shares during the period. IAG Wealth Partners LLC grew its position in shares of Comcast by 204.7% during the 2nd 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 period. Finally, Archer Investment Corp lifted its position in shares of Comcast by 177.1% during the 2nd 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 period. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently commented on CMCSA. Deutsche Bank Aktiengesellschaft boosted their price objective on Comcast from $49.00 to $50.00 and gave the company a "buy" rating in a report on Friday, November 1st. Wells Fargo & Company upped their price objective on shares of Comcast from $43.00 to $46.00 and gave the stock an "equal weight" rating in a report on Friday, November 1st. Evercore ISI upgraded shares of Comcast to a "strong-buy" rating in a report on Thursday. StockNews.com downgraded Comcast from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, September 24th. Finally, Barclays upped their price objective on shares of Comcast from $40.00 to $42.00 and gave the stock an "equal weight" rating in a research report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $47.19.

Comcast Stock Down 0.1 %

CMCSA stock traded down $0.03 on Friday, hitting $43.47. 10,637,295 shares of the company's stock were exchanged, compared to its average volume of 20,840,952. The stock has a market cap of $166.34 billion, a P/E ratio of 11.69, a price-to-earnings-growth ratio of 1.65 and a beta of 1.00. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a 50 day moving average price of $41.98 and a two-hundred day moving average price of $40.03. Comcast Co. has a 12-month low of $36.43 and a 12-month high of $47.11.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.06 by $0.06. The company had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The firm's quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.08 earnings per share. As a group, equities research analysts expect that Comcast Co. will post 4.26 EPS for the current fiscal year.

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders 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 dividend payout ratio is currently 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.