Comcast Co. (NASDAQ:CMCSA) Shares Acquired by First Commonwealth Financial Corp PA

First Commonwealth Financial Corp PA lifted its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 1.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,904 shares of the cable giant’s stock after purchasing an additional 354 shares during the period. First Commonwealth Financial Corp PA’s holdings in Comcast were worth $1,040,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of CMCSA. FMR LLC grew its stake in Comcast by 5.4% during the 3rd quarter. FMR LLC now owns 117,420,328 shares of the cable giant’s stock worth $4,904,647,000 after purchasing an additional 6,062,658 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Comcast by 2.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 38,329,384 shares of the cable giant’s stock worth $1,500,722,000 after buying an additional 1,000,626 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Comcast by 1.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 31,871,235 shares of the cable giant’s stock worth $1,331,192,000 after buying an additional 416,759 shares in the last quarter. Ontario Teachers Pension Plan Board increased its position in shares of Comcast by 5.4% in the third quarter. Ontario Teachers Pension Plan Board now owns 15,983,230 shares of the cable giant’s stock valued at $667,620,000 after buying an additional 822,936 shares in the last quarter. Finally, First Pacific Advisors LP lifted its stake in Comcast by 2.1% in the 2nd quarter. First Pacific Advisors LP now owns 10,818,009 shares of the cable giant’s stock valued at $423,633,000 after buying an additional 219,894 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CMCSA has been the subject of several research reports. Scotiabank raised shares of Comcast from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the company from $47.75 to $48.00 in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft upped their price target on shares of Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Evercore ISI upgraded Comcast to a “strong-buy” rating in a research note on Thursday, November 21st. Pivotal Research raised their target price on Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Rosenblatt Securities reiterated a “neutral” rating and set a $45.00 price objective on shares of Comcast in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Comcast presently has an average rating of “Moderate Buy” and an average target price of $47.19.

Comcast Stock Performance

NASDAQ:CMCSA traded up $0.34 during trading hours on Wednesday, reaching $42.98. 1,542,184 shares of the stock were exchanged, compared to its average volume of 19,546,352. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.11. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. The stock has a market capitalization of $164.46 billion, a P/E ratio of 11.46, a P/E/G ratio of 1.63 and a beta of 1.00. The firm has a 50 day simple moving average of $42.13 and a 200-day simple moving average of $40.11.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. The firm had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The firm’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.08 earnings per share. As a group, sell-side analysts forecast that Comcast Co. will post 4.26 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be issued a $0.31 dividend. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a yield of 2.89%. Comcast’s dividend payout ratio is currently 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.