Comcast Co. (NASDAQ:CMCSA) Shares Acquired by West Family Investments Inc.

West Family Investments Inc. grew its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 9.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 16,480 shares of the cable giant’s stock after buying an additional 1,358 shares during the period. West Family Investments Inc.’s holdings in Comcast were worth $688,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CMCSA. Fairscale Capital LLC acquired a new position in shares of Comcast in the second quarter valued at approximately $26,000. Strategic Financial Concepts LLC acquired a new position in shares of Comcast during the second quarter worth $27,000. IAG Wealth Partners LLC boosted its position in Comcast by 204.7% in the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after buying an additional 522 shares during the last quarter. McClarren Financial Advisors Inc. grew its stake in Comcast by 365.4% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 570 shares in the last quarter. Finally, Archer Investment Corp increased its holdings in Comcast by 177.1% during the 2nd quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock worth $32,000 after purchasing an additional 519 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Trading Up 0.3 %

NASDAQ CMCSA opened at $43.00 on Tuesday. The firm’s 50 day moving average price is $41.67 and its two-hundred day moving average price is $39.93. The stock has a market cap of $164.54 billion, a price-to-earnings ratio of 11.56, a PEG ratio of 1.63 and a beta of 1.00. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.11. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS 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 during the quarter, compared to analysts’ expectations of $31.78 billion. During the same period last year, the company posted $1.08 earnings per share. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. Equities analysts anticipate that Comcast Co. will post 4.25 EPS for the current year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 2.88%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s dividend payout ratio is 33.33%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CMCSA. StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 24th. Pivotal Research lifted their price target on Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Benchmark reaffirmed a “buy” rating and set a $60.00 target price on shares of Comcast in a report on Tuesday. TD Cowen reduced their price objective on Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Finally, Macquarie raised their price target on shares of Comcast from $40.00 to $42.00 and gave the stock a “neutral” rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Comcast presently has an average rating of “Moderate Buy” and a consensus price target of $47.19.

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.