Comcast Corporation $CMCSA Stock Holdings Increased by WealthPlan Investment Management LLC

WealthPlan Investment Management LLC raised its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 10.3% during the 2nd quarter, Holdings Channel reports. The fund owned 10,262 shares of the cable giant’s stock after purchasing an additional 955 shares during the period. WealthPlan Investment Management LLC’s holdings in Comcast were worth $366,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in CMCSA. Brighton Jones LLC raised its stake in Comcast by 150.9% during the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock valued at $6,240,000 after acquiring an additional 99,986 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Comcast by 19.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 883,677 shares of the cable giant’s stock valued at $32,608,000 after acquiring an additional 143,593 shares in the last quarter. Cornerstone Wealth Management LLC raised its stake in Comcast by 4.0% during the 1st quarter. Cornerstone Wealth Management LLC now owns 8,440 shares of the cable giant’s stock valued at $311,000 after acquiring an additional 323 shares in the last quarter. Kingswood Wealth Advisors LLC raised its stake in Comcast by 26.7% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 17,046 shares of the cable giant’s stock valued at $628,000 after acquiring an additional 3,588 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in Comcast by 26.4% during the 1st quarter. Blue Trust Inc. now owns 33,752 shares of the cable giant’s stock valued at $1,245,000 after acquiring an additional 7,041 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on CMCSA. UBS Group set a $43.00 target price on Comcast in a research note on Friday, October 3rd. Rothschild & Co Redburn dropped their price objective on Comcast from $44.00 to $35.00 in a research note on Friday, June 20th. Deutsche Bank Aktiengesellschaft dropped their price objective on Comcast from $46.00 to $44.00 and set a “buy” rating on the stock in a research note on Monday, October 6th. Bank of America dropped their price objective on Comcast from $38.00 to $36.00 and set a “neutral” rating on the stock in a research note on Monday, September 29th. Finally, KeyCorp dropped their price objective on Comcast from $45.00 to $43.00 and set an “overweight” rating on the stock in a research note on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $39.76.

Comcast Stock Up 1.0%

Shares of Comcast stock opened at $29.54 on Friday. The stock’s fifty day moving average is $32.23 and its 200-day moving average is $33.70. The firm has a market capitalization of $109.07 billion, a PE ratio of 4.88, a price-to-earnings-growth ratio of 1.73 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 Corporation has a 12-month low of $29.15 and a 12-month high of $45.31.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) for the quarter. The company had revenue of $30.34 billion for the quarter. Comcast had a return on equity of 18.86% and a net margin of 18.44%. Equities analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 1st will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.5%. Comcast’s payout ratio is 21.82%.

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.