Keystone Financial Services Has $1.05 Million Holdings in Comcast Co. (NASDAQ:CMCSA)

Keystone Financial Services raised its holdings in Comcast Co. (NASDAQ:CMCSA) by 6.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,139 shares of the cable giant’s stock after buying an additional 1,623 shares during the period. Comcast comprises approximately 0.4% of Keystone Financial Services’ investment portfolio, making the stock its 27th biggest holding. Keystone Financial Services’ holdings in Comcast were worth $1,050,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in CMCSA. Fairscale Capital LLC bought a new stake in shares of Comcast during the 2nd quarter worth about $26,000. Strategic Financial Concepts LLC acquired a new stake in Comcast during the second quarter worth approximately $27,000. IAG Wealth Partners LLC boosted its holdings in shares of Comcast by 204.7% during the second quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock worth $30,000 after acquiring an additional 522 shares during the period. McClarren Financial Advisors Inc. grew its position in shares of Comcast by 365.4% in the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 570 shares during the last quarter. Finally, Archer Investment Corp increased its stake 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. 84.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Benchmark reaffirmed a “buy” rating and issued a $55.00 price objective on shares of Comcast in a report on Wednesday, October 30th. StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 24th. Wells Fargo & Company lifted their price objective on shares of Comcast from $43.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. Rosenblatt Securities reissued a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a report on Wednesday, November 6th. Finally, Barclays raised their target price on shares of Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, Comcast presently has a consensus rating of “Moderate Buy” and an average target price of $46.75.

Comcast Trading Up 0.7 %

Shares of CMCSA opened at $44.20 on Tuesday. 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 52-week low of $36.43 and a 52-week high of $47.11. The firm has a market cap of $169.13 billion, a price-to-earnings ratio of 11.88, a PEG ratio of 1.66 and a beta of 1.00. The business’s fifty day moving average is $41.18 and its 200-day moving average is $39.70.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06. The firm 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 business’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.08 earnings per share. Equities analysts anticipate that Comcast Co. will post 4.25 EPS for the current fiscal year.

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be paid 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 2.81%. Comcast’s payout ratio is presently 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.