Horizon Financial Services LLC Purchases 1,471 Shares of Comcast Co. (NASDAQ:CMCSA)

Horizon Financial Services LLC grew its position in Comcast Co. (NASDAQ:CMCSA) by 42.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 institutional investors and hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its stake in Comcast by 2.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 38,329,384 shares of the cable giant’s stock valued at $1,500,722,000 after buying an additional 1,000,626 shares during the last quarter. Charles Schwab Investment Management Inc. raised 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 acquiring an additional 416,759 shares in the last quarter. Ontario Teachers Pension Plan Board boosted its position in Comcast by 5.4% during 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 purchasing an additional 822,936 shares during the last quarter. First Pacific Advisors LP increased its position in shares of Comcast by 2.1% during the 2nd quarter. First Pacific Advisors LP now owns 10,818,009 shares of the cable giant’s stock worth $423,633,000 after purchasing an additional 219,894 shares during the last quarter. Finally, Van ECK Associates Corp lifted its stake in Comcast by 7.8% in the second quarter. Van ECK Associates Corp now owns 9,886,479 shares of the cable giant’s stock valued at $387,155,000 after acquiring an additional 713,330 shares during the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Benchmark reaffirmed a “buy” rating and set a $60.00 price objective on shares of Comcast in a research report on Tuesday, November 19th. StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 24th. Barclays lifted their price target on Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Evercore ISI raised Comcast to a “strong-buy” rating in a report on Thursday. Finally, TD Cowen dropped their target price on Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Comcast presently has an average rating of “Moderate Buy” and an average target price of $47.19.

Comcast Trading Up 0.4 %

Shares of Comcast stock opened at $43.66 on Monday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. Comcast Co. has a 12-month low of $36.43 and a 12-month high of $47.11. The company has a market capitalization of $167.07 billion, a price-to-earnings ratio of 11.69, a PEG ratio of 1.64 and a beta of 1.00. The firm’s 50-day moving average price is $41.98 and its two-hundred day moving average price is $40.05.

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

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.84%. Comcast’s dividend payout ratio (DPR) is currently 33.33%.

Comcast 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.