First Commonwealth Financial Corp PA Has $972,000 Stake in Comcast Co. (NASDAQ:CMCSA)

First Commonwealth Financial Corp PA increased its stake in Comcast Co. (NASDAQ:CMCSA) by 3.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,887 shares of the cable giant’s stock after purchasing an additional 983 shares during the period. First Commonwealth Financial Corp PA’s holdings in Comcast were worth $972,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Morse Asset Management Inc bought a new position in Comcast in the third quarter valued at approximately $451,000. Invst LLC grew its holdings in Comcast by 8.4% during the third quarter. Invst LLC now owns 39,839 shares of the cable giant’s stock worth $1,664,000 after purchasing an additional 3,077 shares during the period. McIlrath & Eck LLC increased its position in Comcast by 14.8% during the third quarter. McIlrath & Eck LLC now owns 2,183 shares of the cable giant’s stock worth $91,000 after buying an additional 282 shares during the last quarter. SkyView Investment Advisors LLC raised its stake in Comcast by 6.4% in the third quarter. SkyView Investment Advisors LLC now owns 12,580 shares of the cable giant’s stock valued at $525,000 after buying an additional 759 shares during the period. Finally, Tudor Financial Inc. acquired a new stake in shares of Comcast in the third quarter valued at approximately $1,301,000. Institutional investors own 84.32% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CMCSA shares. Loop Capital dropped their price target on Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, January 2nd. BNP Paribas lowered shares of Comcast from a “neutral” rating to an “underperform” rating and set a $31.00 price objective on the stock. in a research report on Thursday, April 10th. Wells Fargo & Company downgraded shares of Comcast from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $37.00 to $31.00 in a report on Monday. UBS Group lowered their price target on shares of Comcast from $47.00 to $40.00 and set a “neutral” rating on the stock in a report on Tuesday, March 25th. Finally, The Goldman Sachs Group decreased their target price on Comcast from $50.00 to $44.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, Comcast presently has an average rating of “Moderate Buy” and a consensus price target of $42.50.

Comcast Stock Down 2.5 %

Shares of CMCSA opened at $33.55 on Thursday. The firm has a 50 day simple moving average of $35.55 and a two-hundred day simple moving average of $38.43. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. Comcast Co. has a one year low of $32.20 and a one year high of $45.31. The company has a market cap of $126.85 billion, a P/E ratio of 8.08, a P/E/G ratio of 1.78 and a beta of 0.94.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. Research analysts forecast that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, April 2nd. This is a positive change from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 3.93%. Comcast’s payout ratio is 31.81%.

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.