Wesbanco Bank Inc. Purchases 33,028 Shares of Comcast Corporation $CMCSA

Wesbanco Bank Inc. raised its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 106.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 64,182 shares of the cable giant’s stock after purchasing an additional 33,028 shares during the period. Wesbanco Bank Inc.’s holdings in Comcast were worth $2,017,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Norges Bank bought a new stake in shares of Comcast during the second quarter worth approximately $3,528,361,000. Dodge & Cox grew its holdings in Comcast by 18.1% during the 2nd quarter. Dodge & Cox now owns 111,272,320 shares of the cable giant’s stock worth $3,971,309,000 after acquiring an additional 17,054,579 shares during the period. First Trust Advisors LP raised its position in shares of Comcast by 133.1% during the 2nd quarter. First Trust Advisors LP now owns 10,187,177 shares of the cable giant’s stock valued at $363,580,000 after acquiring an additional 5,817,614 shares during the last quarter. Worldquant Millennium Advisors LLC raised its position in shares of Comcast by 554.9% during the 2nd quarter. Worldquant Millennium Advisors LLC now owns 5,005,158 shares of the cable giant’s stock valued at $178,634,000 after acquiring an additional 4,240,876 shares during the last quarter. Finally, State Street Corp lifted its stake in shares of Comcast by 2.5% in the 2nd quarter. State Street Corp now owns 172,769,800 shares of the cable giant’s stock valued at $6,166,154,000 after purchasing an additional 4,231,140 shares during the period. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

Shares of CMCSA opened at $32.30 on Wednesday. The firm has a market cap of $117.68 billion, a P/E ratio of 6.01, a PEG ratio of 2.41 and a beta of 0.81. Comcast Corporation has a twelve month low of $25.75 and a twelve month high of $37.97. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88. The firm’s 50 day moving average price is $29.00 and its two-hundred day moving average price is $30.09.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, January 29th. The cable giant reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.09. The business had revenue of $32.31 billion for the quarter, compared to analyst estimates of $32.35 billion. Comcast had a net margin of 16.17% and a return on equity of 16.86%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period last year, the business posted $0.96 earnings per share. On average, analysts forecast that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 1st will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 4.1%. The ex-dividend date is Wednesday, April 1st. Comcast’s payout ratio is presently 24.58%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on CMCSA shares. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $30.00 price objective (down from $39.00) on shares of Comcast in a research note on Friday, October 31st. Daiwa Securities Group reduced their target price on Comcast from $38.00 to $30.00 and set an “outperform” rating on the stock in a report on Tuesday, November 18th. UBS Group decreased their target price on Comcast from $36.00 to $32.00 and set a “neutral” rating for the company in a research report on Friday, January 30th. Royal Bank Of Canada cut their price target on shares of Comcast from $32.00 to $31.00 and set a “sector perform” rating on the stock in a research report on Friday, January 16th. Finally, Benchmark reduced their price objective on shares of Comcast from $46.00 to $44.00 and set a “buy” rating on the stock in a research note on Monday, January 5th. Ten analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $34.90.

About Comcast

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.