Sigma Planning Corp Sells 9,175 Shares of Comcast Corporation $CMCSA

Sigma Planning Corp cut its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 30.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,927 shares of the cable giant’s stock after selling 9,175 shares during the quarter. Sigma Planning Corp’s holdings in Comcast were worth $747,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Nuveen LLC purchased a new position in shares of Comcast during the first quarter worth approximately $940,015,000. Dodge & Cox boosted its stake in shares of Comcast by 19.1% in the 1st quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant’s stock valued at $3,476,635,000 after purchasing an additional 15,115,074 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of Comcast by 1,959.3% during the 1st quarter. Pacer Advisors Inc. now owns 13,228,732 shares of the cable giant’s stock valued at $488,140,000 after purchasing an additional 12,586,329 shares during the last quarter. Acadian Asset Management LLC raised its position in Comcast by 119.1% in the 1st quarter. Acadian Asset Management LLC now owns 7,595,322 shares of the cable giant’s stock worth $280,238,000 after purchasing an additional 4,128,434 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its stake in Comcast by 76.6% in the first quarter. The Manufacturers Life Insurance Company now owns 9,440,738 shares of the cable giant’s stock worth $348,363,000 after purchasing an additional 4,096,382 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on CMCSA shares. Benchmark decreased their price objective on Comcast from $48.00 to $46.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Arete reduced their price target on Comcast from $39.00 to $33.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 28th. BNP Paribas upgraded Comcast from an “underperform” rating to a “neutral” rating and set a $28.00 price objective for the company in a research report on Tuesday. Weiss Ratings restated a “hold (c-)” rating on shares of Comcast in a report on Tuesday, October 14th. Finally, BNP Paribas Exane upgraded shares of Comcast from an “underperform” rating to a “neutral” rating and set a $28.00 price target for the company in a report on Tuesday. Ten equities research analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Comcast currently has an average rating of “Hold” and a consensus price target of $36.29.

Comcast Price Performance

Shares of CMCSA stock opened at $27.35 on Friday. The company has a market capitalization of $100.98 billion, a P/E ratio of 4.55, a P/E/G ratio of 1.77 and a beta of 0.92. The company’s 50-day simple moving average is $30.76 and its two-hundred day simple moving average is $33.10. Comcast Corporation has a one year low of $25.75 and a one year high of $44.63. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) for the quarter. Comcast had a return on equity of 18.06% and a net margin of 18.33%.The firm had revenue of $30.34 billion during the quarter. As a group, equities analysts anticipate that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 14th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 4.8%. The ex-dividend date is Wednesday, January 14th. Comcast’s dividend payout ratio is currently 21.96%.

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.