West Family Investments Inc. Purchases 1,358 Shares of Comcast Co. (NASDAQ:CMCSA)

West Family Investments Inc. increased its holdings in Comcast Co. (NASDAQ:CMCSA) by 9.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,480 shares of the cable giant’s stock after purchasing an additional 1,358 shares during the period. West Family Investments Inc.’s holdings in Comcast were worth $688,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of CMCSA. Koshinski Asset Management Inc. lifted its stake in Comcast by 0.8% during the 3rd quarter. Koshinski Asset Management Inc. now owns 30,584 shares of the cable giant’s stock valued at $1,277,000 after acquiring an additional 249 shares during the period. Taurus Asset Management LLC increased its stake in shares of Comcast by 2.9% in the third quarter. Taurus Asset Management LLC now owns 9,125 shares of the cable giant’s stock worth $381,000 after purchasing an additional 253 shares in the last quarter. Regent Peak Wealth Advisors LLC grew its position in shares of Comcast by 3.1% during the third quarter. Regent Peak Wealth Advisors LLC now owns 8,445 shares of the cable giant’s stock worth $353,000 after purchasing an additional 257 shares in the last quarter. Abich Financial Wealth Management LLC raised its position in shares of Comcast by 4.7% during the third quarter. Abich Financial Wealth Management LLC now owns 5,829 shares of the cable giant’s stock valued at $243,000 after buying an additional 260 shares during the last quarter. Finally, Greenwich Wealth Management LLC grew its position in shares of Comcast by 2.7% during the second quarter. Greenwich Wealth Management LLC now owns 9,754 shares of the cable giant’s stock valued at $382,000 after purchasing an additional 261 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on CMCSA shares. Benchmark reiterated a “buy” rating and set a $60.00 price objective on shares of Comcast in a research report on Tuesday. KeyCorp lifted their price objective on Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Macquarie lifted their price objective on shares of Comcast from $40.00 to $42.00 and gave the stock a “neutral” rating in a research report on Monday. Scotiabank raised shares of Comcast from a “sector perform” rating to a “sector outperform” rating and raised their price target for the stock from $47.75 to $48.00 in a report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Comcast currently has an average rating of “Moderate Buy” and an average price target of $47.19.

Comcast Trading Up 0.3 %

Shares of Comcast stock opened at $43.00 on Tuesday. The stock has a 50 day moving average of $41.67 and a 200 day moving average of $39.93. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a market capitalization of $164.54 billion, a price-to-earnings ratio of 11.56, a PEG ratio of 1.63 and a beta of 1.00. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.11.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06. The firm had revenue of $32.07 billion during the quarter, compared to analysts’ expectations of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.08 earnings per share. As a group, research analysts predict that Comcast Co. will post 4.25 earnings per share for the current year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 2.88%. The ex-dividend date is Wednesday, January 8th. Comcast’s dividend payout ratio (DPR) is presently 33.33%.

Comcast Company 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.