Wesbanco Bank Inc. Has $1.16 Million Holdings in Comcast Co. (NASDAQ:CMCSA)

Wesbanco Bank Inc. trimmed its position in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 19.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,377 shares of the cable giant's stock after selling 7,486 shares during the period. Wesbanco Bank Inc.'s holdings in Comcast were worth $1,158,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Promus Capital LLC bought a new position in shares of Comcast during the fourth quarter worth about $25,000. Roxbury Financial LLC acquired a new stake in Comcast during the 4th quarter valued at $27,000. Wingate Wealth Advisors Inc. purchased a new stake in shares of Comcast in the fourth quarter worth approximately $28,000. Retirement Wealth Solutions LLC boosted its position in Comcast by 126.9% during the first quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock valued at $30,000 after purchasing an additional 448 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC bought a new stake in Comcast in the fourth quarter worth approximately $33,000. Hedge funds and other institutional investors own 84.32% of the company's stock.

Comcast Trading Up 2.9%

Comcast stock traded up $1.02 during trading on Tuesday, hitting $35.62. The company had a trading volume of 21,239,281 shares, compared to its average volume of 22,033,424. The stock has a market cap of $132.99 billion, a price-to-earnings ratio of 8.58, a price-to-earnings-growth ratio of 1.78 and a beta of 0.95. Comcast Co. has a 1-year low of $31.44 and a 1-year high of $45.31. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. The company's 50 day simple moving average is $34.35 and its 200-day simple moving average is $36.27.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its earnings results on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, beating 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 net margin of 13.09% and a return on equity of 19.98%. The company's quarterly revenue was down .6% on a year-over-year basis. During the same period in the previous year, the company posted $1.04 EPS. As a group, analysts expect that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 3.71%. The ex-dividend date is Wednesday, July 2nd. Comcast's dividend payout ratio (DPR) is 32.43%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CMCSA. Morgan Stanley set a $37.00 price objective on shares of Comcast in a research report on Friday, April 25th. UBS Group set a $44.50 price target on shares of Comcast in a research report on Friday, April 25th. Wells Fargo & Company downgraded Comcast from an "equal weight" rating to an "underweight" rating and reduced their target price for the stock from $37.00 to $31.00 in a report on Monday, April 14th. Barclays cut their price objective on Comcast from $37.00 to $35.00 and set an "equal weight" rating for the company in a research report on Monday, April 28th. Finally, Argus lowered Comcast from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, Comcast currently has a consensus rating of "Moderate Buy" and a consensus target price of $42.10.

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.