McKinley Carter Wealth Services Inc. Acquires 1,664 Shares of Comcast Corporation $CMCSA

McKinley Carter Wealth Services Inc. grew its holdings in Comcast Corporation (NASDAQ:CMCSA) by 3.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,392 shares of the cable giant’s stock after purchasing an additional 1,664 shares during the period. McKinley Carter Wealth Services Inc.’s holdings in Comcast were worth $1,620,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Foster Group Inc. boosted its position in Comcast by 4.0% during the 2nd quarter. Foster Group Inc. now owns 7,418 shares of the cable giant’s stock valued at $265,000 after acquiring an additional 282 shares in the last quarter. Argyle Capital Management LLC grew its stake in Comcast by 0.5% in the second quarter. Argyle Capital Management LLC now owns 61,186 shares of the cable giant’s stock worth $2,184,000 after purchasing an additional 300 shares during the period. Clearstead Trust LLC raised its holdings in Comcast by 5.2% in the first quarter. Clearstead Trust LLC now owns 6,142 shares of the cable giant’s stock worth $227,000 after purchasing an additional 305 shares in the last quarter. Webster Bank N. A. lifted its position in Comcast by 2.9% during the second quarter. Webster Bank N. A. now owns 10,809 shares of the cable giant’s stock valued at $386,000 after buying an additional 305 shares during the period. Finally, United Asset Strategies Inc. boosted its holdings in shares of Comcast by 2.2% during the 1st quarter. United Asset Strategies Inc. now owns 14,075 shares of the cable giant’s stock valued at $519,000 after buying an additional 308 shares in the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CMCSA shares. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Comcast from $46.00 to $44.00 and set a “buy” rating for the company in a research report on Monday. Morgan Stanley set a $35.00 price target on shares of Comcast and gave the stock an “equal weight” rating in a research note on Tuesday. KeyCorp decreased their target price on shares of Comcast from $45.00 to $43.00 and set an “overweight” rating for the company in a report on Friday, October 3rd. Rothschild & Co Redburn reduced their price target on shares of Comcast from $44.00 to $35.00 in a research report on Friday, June 20th. Finally, Moffett Nathanson increased their price objective on Comcast from $56.00 to $58.00 and gave the company a “buy” rating in a research report on Friday, September 12th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $39.94.

Comcast Price Performance

NASDAQ:CMCSA opened at $30.08 on Friday. The business’s 50-day simple moving average is $32.54 and its two-hundred day simple moving average is $34.00. Comcast Corporation has a 52 week low of $30.06 and a 52 week high of $45.31. The stock has a market cap of $111.06 billion, a PE ratio of 4.97, a P/E/G ratio of 1.83 and a beta of 0.94. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.99.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 earnings per share for the quarter. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The firm had revenue of $30.34 billion during the quarter. As a group, analysts forecast that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Wednesday, October 1st. Comcast’s payout ratio is currently 21.82%.

About Comcast

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.