Vest Financial LLC Buys 29,822 Shares of Comcast Co. (NASDAQ:CMCSA)

Vest Financial LLC lifted its stake in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 76.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 68,759 shares of the cable giant's stock after purchasing an additional 29,822 shares during the period. Vest Financial LLC's holdings in Comcast were worth $2,537,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Capital World Investors lifted its position in shares of Comcast by 8.6% during the fourth quarter. Capital World Investors now owns 141,680,277 shares of the cable giant's stock worth $5,317,167,000 after acquiring an additional 11,255,683 shares in the last quarter. Norges Bank bought a new stake in shares of Comcast during the 4th quarter valued at $3,835,226,000. Geode Capital Management LLC lifted its holdings in Comcast by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 85,812,139 shares of the cable giant's stock worth $3,212,244,000 after purchasing an additional 1,006,272 shares in the last quarter. Dodge & Cox grew its holdings in Comcast by 6.8% during the 4th quarter. Dodge & Cox now owns 79,102,667 shares of the cable giant's stock valued at $2,968,723,000 after buying an additional 5,039,823 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Comcast by 12.0% in the fourth quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant's stock worth $1,890,027,000 after buying an additional 5,402,377 shares in the last quarter. Institutional investors own 84.32% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Argus lowered shares of Comcast from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. KeyCorp decreased their price target on shares of Comcast from $47.00 to $45.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Wells Fargo & Company lowered Comcast from an "equal weight" rating to an "underweight" rating and dropped their price objective for the company from $37.00 to $31.00 in a research note on Monday, April 14th. Scotiabank restated a "sector perform" rating and set a $44.50 target price (down from $45.00) on shares of Comcast in a research report on Friday, April 25th. Finally, UBS Group set a $44.50 price target on Comcast in a report on Friday, April 25th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $42.10.

Comcast Trading Down 0.3%

Shares of CMCSA traded down $0.10 during trading hours on Monday, hitting $34.60. The company had a trading volume of 15,049,806 shares, compared to its average volume of 22,036,600. Comcast Co. has a 52-week low of $31.44 and a 52-week high of $45.31. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. The stock's 50 day moving average price is $34.39 and its 200 day moving average price is $36.33. The firm has a market cap of $129.19 billion, a P/E ratio of 8.34, a P/E/G ratio of 1.78 and a beta of 0.95.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.08. The business had revenue of $29.89 billion for the quarter, compared to analysts' expectations of $29.82 billion. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The business's quarterly revenue was down .6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.04 EPS. On average, research analysts predict that Comcast Co. will post 4.33 EPS for the current year.

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 2nd will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.32 annualized dividend and a yield of 3.82%. Comcast's payout ratio is currently 32.43%.

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.