Comcast Co. (NASDAQ:CMCSA) Shares Acquired by McKinley Carter Wealth Services Inc.

McKinley Carter Wealth Services Inc. grew its position in Comcast Co. (NASDAQ:CMCSA) by 8.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 41,344 shares of the cable giant’s stock after acquiring an additional 3,046 shares during the quarter. McKinley Carter Wealth Services Inc.’s holdings in Comcast were worth $1,727,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of CMCSA. Scarborough Advisors LLC acquired a new position in shares of Comcast in the 4th quarter worth approximately $138,000. Los Angeles Capital Management LLC grew its position in shares of Comcast by 8.6% in the 1st quarter. Los Angeles Capital Management LLC now owns 412,741 shares of the cable giant’s stock worth $17,892,000 after acquiring an additional 32,561 shares in the last quarter. Rise Advisors LLC grew its position in shares of Comcast by 904.8% in the 1st quarter. Rise Advisors LLC now owns 2,522 shares of the cable giant’s stock worth $109,000 after acquiring an additional 2,271 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its position in Comcast by 8.4% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 318,778 shares of the cable giant’s stock valued at $13,819,000 after purchasing an additional 24,604 shares during the period. Finally, Farmers Trust Co. bought a new position in Comcast during the 1st quarter worth $203,000. 84.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. The Goldman Sachs Group initiated coverage on Comcast in a research note on Tuesday, June 25th. They set a “buy” rating and a $44.00 price objective for the company. Macquarie reiterated a “neutral” rating and issued a $40.00 price objective on shares of Comcast in a research report on Wednesday, July 24th. Evercore ISI cut their price objective on shares of Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 2nd. Rosenblatt Securities reiterated a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a research report on Wednesday, July 24th. Finally, StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Comcast currently has a consensus rating of “Hold” and an average price target of $45.55.

Comcast Price Performance

Shares of CMCSA stock traded up $0.44 during midday trading on Wednesday, reaching $42.55. 1,451,140 shares of the company were exchanged, compared to its average volume of 19,581,939. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.11. The company has a market cap of $166.95 billion, a P/E ratio of 11.26, a PEG ratio of 1.10 and a beta of 1.01. The company’s 50 day moving average price is $40.11 and its two-hundred day moving average price is $39.43. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.66 and a current ratio of 0.66.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.09. The company had revenue of $29.69 billion for the quarter, compared to analysts’ expectations of $30.02 billion. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The business’s revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.13 EPS. On average, sell-side analysts expect that Comcast Co. will post 4.23 earnings per share for the current year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 2.91%. The ex-dividend date is Wednesday, October 2nd. Comcast’s dividend payout ratio (DPR) is currently 32.80%.

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.