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

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

Other institutional investors and hedge funds have also bought and sold shares of the company. Capital World Investors grew its position in shares of Comcast by 7.4% in the 1st quarter. Capital World Investors now owns 115,703,280 shares of the cable giant’s stock valued at $5,015,737,000 after acquiring an additional 7,929,963 shares during the period. Dimensional Fund Advisors LP increased its position in Comcast by 2.7% during the second quarter. Dimensional Fund Advisors LP now owns 38,329,384 shares of the cable giant’s stock worth $1,500,722,000 after buying an additional 1,000,626 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Comcast by 41.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 28,016,389 shares of the cable giant’s stock valued at $1,214,512,000 after buying an additional 8,243,302 shares during the period. Ontario Teachers Pension Plan Board boosted its stake in shares of Comcast by 25,881.7% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 10,850,995 shares of the cable giant’s stock worth $470,391,000 after acquiring an additional 10,809,231 shares during the period. Finally, First Pacific Advisors LP increased its holdings in shares of Comcast by 2.1% during the 2nd quarter. First Pacific Advisors LP now owns 10,818,009 shares of the cable giant’s stock worth $423,633,000 after acquiring an additional 219,894 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

Shares of NASDAQ:CMCSA opened at $44.04 on Wednesday. The company’s 50 day simple moving average is $41.36 and its 200 day simple moving average is $39.79. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.11. The stock has a market capitalization of $168.52 billion, a price-to-earnings ratio of 11.84, a price-to-earnings-growth ratio of 1.68 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. The company had revenue of $32.07 billion during the quarter, compared to analysts’ expectations of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. Comcast’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.08 EPS. As a group, research analysts predict that Comcast Co. will post 4.25 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be issued 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 (DPR) is presently 33.33%.

Wall Street Analysts Forecast Growth

CMCSA has been the subject of a number of research analyst reports. TD Cowen reduced their price objective on shares of Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Friday, November 1st. KeyCorp lifted their target price on shares of Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Barclays increased their price target on shares of Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Rosenblatt Securities restated a “neutral” rating and set a $45.00 price objective on shares of Comcast in a report on Wednesday, November 6th. Finally, Wells Fargo & Company upped their target price on Comcast from $43.00 to $46.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. 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 stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $46.75.

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.