First Commonwealth Financial Corp PA Has $1.04 Million Holdings in Comcast Co. (NASDAQ:CMCSA)

First Commonwealth Financial Corp PA grew its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 1.4% during the third quarter, according to the company in its most recent 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 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the stock. Koshinski Asset Management Inc. lifted its position in Comcast by 0.8% during the third quarter. Koshinski Asset Management Inc. now owns 30,584 shares of the cable giant’s stock valued at $1,277,000 after purchasing an additional 249 shares during the last quarter. Taurus Asset Management LLC lifted its position in Comcast by 2.9% in the 3rd quarter. Taurus Asset Management LLC now owns 9,125 shares of the cable giant’s stock worth $381,000 after buying an additional 253 shares during the last quarter. Regent Peak Wealth Advisors LLC boosted its stake in Comcast by 3.1% in the third quarter. Regent Peak Wealth Advisors LLC now owns 8,445 shares of the cable giant’s stock worth $353,000 after buying an additional 257 shares in the last quarter. Abich Financial Wealth Management LLC grew its holdings in shares of Comcast by 4.7% during the 3rd quarter. Abich Financial Wealth Management LLC now owns 5,829 shares of the cable giant’s stock valued at $243,000 after purchasing an additional 260 shares during the last quarter. Finally, Greenwich Wealth Management LLC boosted its position in 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 buying an additional 261 shares during the period. 84.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CMCSA has been the subject of a number of recent analyst reports. Barclays upped their target price on Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. TD Cowen lowered their price target on Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Pivotal Research boosted their price target on Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Scotiabank upgraded Comcast from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the company from $47.75 to $48.00 in a research report on Friday, November 1st. Finally, Macquarie upped their price target on shares of Comcast from $40.00 to $42.00 and gave the stock a “neutral” rating in a research report on Monday, November 18th. One research analyst has rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $47.19.

Comcast Trading Up 0.8 %

Shares of Comcast stock traded up $0.34 on Wednesday, hitting $42.98. The stock had a trading volume of 1,542,184 shares, compared to its average volume of 19,546,352. The firm has a market capitalization of $164.46 billion, a P/E ratio of 11.46, a PEG ratio of 1.63 and a beta of 1.00. The stock has a 50 day moving average of $42.13 and a 200 day moving average of $40.11. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.11.

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

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date is Wednesday, January 8th. 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.