Horizon Financial Services LLC Has $205,000 Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Horizon Financial Services LLC boosted its stake in Comcast Co. (NASDAQ:CMCSA) by 42.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,899 shares of the cable giant’s stock after purchasing an additional 1,471 shares during the period. Horizon Financial Services LLC’s holdings in Comcast were worth $205,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Fairscale Capital LLC bought a new stake in shares of Comcast during the second quarter worth about $26,000. Strategic Financial Concepts LLC bought a new stake in Comcast during the 2nd quarter worth approximately $27,000. IAG Wealth Partners LLC increased its position in Comcast by 204.7% in the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 522 shares during the period. McClarren Financial Advisors Inc. raised its stake in shares of Comcast by 365.4% during the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 570 shares during the last quarter. Finally, Archer Investment Corp lifted its holdings in shares of Comcast by 177.1% during the second quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock worth $32,000 after purchasing an additional 519 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Pivotal Research increased their price objective on Comcast from $47.00 to $54.00 and gave the company a “buy” 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 company a “neutral” rating in a report on Monday, November 18th. Barclays raised their price target on shares of Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 24th. Finally, Benchmark reaffirmed a “buy” rating and set a $60.00 price objective on shares of Comcast in a report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Comcast has an average rating of “Moderate Buy” and a consensus target price of $47.19.

Comcast Price Performance

Shares of NASDAQ CMCSA opened at $43.66 on Monday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. The stock has a fifty day simple moving average of $41.98 and a two-hundred day simple moving average of $40.05. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.11. The firm has a market cap of $167.07 billion, a price-to-earnings ratio of 11.69, a price-to-earnings-growth ratio of 1.64 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The company had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. During the same quarter in the prior year, the company earned $1.08 EPS. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. Analysts anticipate that Comcast Co. will post 4.26 earnings per share for the current year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be paid a $0.31 dividend. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 annualized dividend and a dividend yield of 2.84%. Comcast’s payout ratio is 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.