Vest Financial LLC Purchases 22,194 Shares of Comcast Corporation $CMCSA

Key Points

• Vest Financial LLC increased its stake in Comcast Corporation by 32.3% during the second quarter, acquiring an additional 22,194 shares, raising its total holdings to 90,953 shares valued at approximately $3.25 million.
• Recent equity research shows a mix of ratings for Comcast stock, with one Strong Buy, twelve Buy, fourteen Hold, and three Sell ratings; the average target price is $39.94.
• Comcast Corporation has declared a quarterly dividend of $0.33 per share, which equates to an annualized yield of 4.4%, reflecting a payout ratio of 21.82%.

Vest Financial LLC increased its position in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 32.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 90,953 shares of the cable giant's stock after buying 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 Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of CMCSA. Brighton Jones LLC increased its stake in Comcast by 150.9% in the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant's stock worth $6,240,000 after purchasing an additional 99,986 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of Comcast by 19.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 883,677 shares of the cable giant's stock valued at $32,608,000 after buying an additional 143,593 shares during the period. Dynamic Advisor Solutions LLC increased its stake in shares of Comcast by 74.3% during the first quarter. Dynamic Advisor Solutions LLC now owns 51,932 shares of the cable giant's stock valued at $1,916,000 after buying an additional 22,135 shares during the period. Sound Income Strategies LLC increased its stake in shares of Comcast by 66.6% during the first quarter. Sound Income Strategies LLC now owns 5,671 shares of the cable giant's stock valued at $209,000 after buying an additional 2,267 shares during the period. Finally, Mission Wealth Management LP increased its stake in shares of Comcast by 13.0% during the first quarter. Mission Wealth Management LP now owns 49,177 shares of the cable giant's stock valued at $1,815,000 after buying an additional 5,668 shares during the period. 84.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CMCSA shares. Morgan Stanley set a $35.00 target price on Comcast and gave the company an "equal weight" rating in a research note on Tuesday, October 7th. UBS Group set a $43.00 price target on Comcast in a research note on Friday, October 3rd. The Goldman Sachs Group reduced their price target on Comcast from $40.00 to $39.00 and set a "buy" rating on the stock in a research note on Wednesday, September 24th. Loop Capital reduced their price target on Comcast from $44.00 to $43.00 and set a "buy" rating on the stock in a research note on Wednesday, October 1st. Finally, Rothschild & Co Redburn reduced their price target on Comcast from $44.00 to $35.00 in a research note on Friday, June 20th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Comcast has an average rating of "Hold" and an average target price of $39.94.

Comcast Trading Up 2.0%

Comcast stock opened at $29.99 on Wednesday. The company has a market capitalization of $110.73 billion, a price-to-earnings ratio of 4.96, a price-to-earnings-growth 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 Corporation has a 12 month low of $29.39 and a 12 month high of $45.31. The business's fifty day simple moving average is $32.37 and its two-hundred day simple moving average is $33.83.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) for the quarter. The firm had revenue of $30.34 billion for the quarter. Comcast had a return on equity of 18.86% and a net margin of 18.44%. As a group, equities analysts predict that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

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

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.

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