Vest Financial LLC Boosts Position in Comcast Corporation $CMCSA

Vest Financial LLC boosted its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 32.3% in the second quarter, Holdings Channel reports. The fund owned 90,953 shares of the cable giant’s stock after purchasing an additional 22,194 shares during the quarter. Vest Financial LLC’s holdings in Comcast were worth $3,246,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of CMCSA. Brighton Jones LLC increased its position in Comcast by 150.9% in the fourth quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock worth $6,240,000 after buying an additional 99,986 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Comcast by 19.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 883,677 shares of the cable giant’s stock worth $32,608,000 after buying an additional 143,593 shares in the last quarter. Dynamic Advisor Solutions LLC increased its position in Comcast by 74.3% in the first quarter. Dynamic Advisor Solutions LLC now owns 51,932 shares of the cable giant’s stock worth $1,916,000 after buying an additional 22,135 shares in the last quarter. Sound Income Strategies LLC increased its position in Comcast by 66.6% in the first quarter. Sound Income Strategies LLC now owns 5,671 shares of the cable giant’s stock worth $209,000 after buying an additional 2,267 shares in the last quarter. Finally, Mission Wealth Management LP increased its position in Comcast by 13.0% in the first quarter. Mission Wealth Management LP now owns 49,177 shares of the cable giant’s stock worth $1,815,000 after buying an additional 5,668 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Ratings Changes

CMCSA has been the subject of a number of analyst reports. Loop Capital reduced their price target on Comcast from $44.00 to $43.00 and set a “buy” rating for the company in a research report on Wednesday, October 1st. Scotiabank restated a “sector perform” rating and issued a $45.50 price target (up previously from $45.00) on shares of Comcast in a research report on Monday, October 6th. Weiss Ratings restated a “hold (c-)” rating on shares of Comcast in a research report on Tuesday. Citigroup reiterated a “buy” rating on shares of Comcast in a research report on Tuesday, August 26th. Finally, Benchmark reiterated a “buy” rating on shares of Comcast in a research report on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $39.94.

Comcast Price Performance

Shares of Comcast stock opened at $29.99 on Wednesday. The stock has a 50 day moving average of $32.37 and a 200 day moving average of $33.83. Comcast Corporation has a 12 month low of $29.39 and a 12 month high of $45.31. The firm has a market cap of $110.73 billion, a PE ratio of 4.96, a PEG ratio of 1.74 and a beta of 0.94. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.99.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The company had revenue of $30.34 billion during the quarter. On average, research analysts expect that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $1.32 dividend on an annualized basis and a yield of 4.4%. Comcast’s dividend payout ratio is presently 21.82%.

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.