Comcast Corporation $CMCSA Holdings Raised by Vest Financial LLC

Vest Financial LLC increased its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 48.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 135,282 shares of the cable giant’s stock after purchasing an additional 44,329 shares during the quarter. Vest Financial LLC’s holdings in Comcast were worth $4,251,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in CMCSA. Vanguard Group Inc. boosted its holdings in shares of Comcast by 0.3% in the 2nd quarter. Vanguard Group Inc. now owns 369,438,921 shares of the cable giant’s stock valued at $13,185,275,000 after buying an additional 1,257,196 shares during the period. State Street Corp boosted its stake in Comcast by 2.5% in the second quarter. State Street Corp now owns 172,769,800 shares of the cable giant’s stock valued at $6,166,154,000 after acquiring an additional 4,231,140 shares during the period. Dodge & Cox boosted its stake in Comcast by 18.1% in the second quarter. Dodge & Cox now owns 111,272,320 shares of the cable giant’s stock valued at $3,971,309,000 after acquiring an additional 17,054,579 shares during the period. Norges Bank bought a new position in shares of Comcast during the second quarter valued at approximately $3,528,361,000. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Comcast by 7.5% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 36,154,170 shares of the cable giant’s stock worth $1,289,984,000 after purchasing an additional 2,517,906 shares during the period. Institutional investors own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CMCSA. Loop Capital lowered their price objective on Comcast from $43.00 to $40.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Oppenheimer set a $38.00 price target on shares of Comcast in a report on Tuesday, November 4th. Morgan Stanley dropped their price objective on shares of Comcast from $32.00 to $31.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 10th. Evercore ISI reduced their target price on shares of Comcast from $40.00 to $35.00 and set an “outperform” rating for the company in a research note on Friday, October 31st. Finally, Pivotal Research dropped their price target on shares of Comcast from $40.00 to $36.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Eleven research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $35.53.

Comcast Price Performance

NASDAQ CMCSA opened at $29.23 on Friday. Comcast Corporation has a 12 month low of $25.75 and a 12 month high of $38.40. The firm has a market capitalization of $106.51 billion, a PE ratio of 4.86, a P/E/G ratio of 2.06 and a beta of 0.81. The company’s 50 day simple moving average is $28.17 and its 200 day simple moving average is $30.62. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, October 30th. The cable giant reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.02. Comcast had a return on equity of 18.06% and a net margin of 18.33%.The firm had revenue of $31.20 billion during the quarter, compared to analyst estimates of $30.74 billion. During the same period last year, the company posted $1.12 EPS. The firm’s quarterly revenue was down 2.7% on a year-over-year basis. As a group, equities research analysts forecast that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 14th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Wednesday, January 14th. Comcast’s payout ratio is presently 21.96%.

Comcast Profile

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.