Platform Technology Partners Buys 429 Shares of Comcast Corporation (NASDAQ:CMCSA)

Platform Technology Partners boosted its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 6.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,009 shares of the cable giant’s stock after purchasing an additional 429 shares during the period. Platform Technology Partners’ holdings in Comcast were worth $259,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Capital World Investors lifted its stake in Comcast by 8.6% during the fourth quarter. Capital World Investors now owns 141,680,277 shares of the cable giant’s stock worth $5,317,167,000 after purchasing an additional 11,255,683 shares during the period. Norges Bank acquired a new stake in shares of Comcast during the fourth quarter worth approximately $3,835,226,000. Geode Capital Management LLC increased its holdings in shares of Comcast by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 85,812,139 shares of the cable giant’s stock worth $3,212,244,000 after buying an additional 1,006,272 shares in the last quarter. Dodge & Cox increased its holdings in shares of Comcast by 6.8% during the fourth quarter. Dodge & Cox now owns 79,102,667 shares of the cable giant’s stock worth $2,968,723,000 after buying an additional 5,039,823 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Comcast by 12.0% during the fourth quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant’s stock worth $1,890,027,000 after buying an additional 5,402,377 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on CMCSA shares. Argus lowered shares of Comcast from a “buy” rating to a “hold” rating in a report on Tuesday, May 6th. Citigroup dropped their price objective on shares of Comcast from $44.00 to $39.00 and set a “buy” rating for the company in a report on Friday, April 25th. BNP Paribas lowered shares of Comcast from a “neutral” rating to an “underperform” rating and set a $31.00 price objective for the company. in a report on Thursday, April 10th. The Goldman Sachs Group dropped their price objective on shares of Comcast from $44.00 to $40.00 and set a “buy” rating for the company in a report on Friday, April 25th. Finally, TD Cowen dropped their price objective on shares of Comcast from $46.00 to $45.00 and set a “buy” rating for the company in a report on Friday, April 25th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $40.98.

Comcast Price Performance

Shares of CMCSA stock opened at $34.99 on Friday. Comcast Corporation has a 52-week low of $31.44 and a 52-week high of $45.31. The stock has a market cap of $130.64 billion, a PE ratio of 8.60, a PEG ratio of 1.69 and a beta of 0.95. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.65 and a current ratio of 0.65. The firm’s 50 day moving average price is $34.96 and its two-hundred day moving average price is $35.41.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.08. Comcast had a net margin of 12.72% and a return on equity of 19.70%. The firm had revenue of $29.89 billion for the quarter, compared to analysts’ expectations of $29.82 billion. During the same period last year, the firm earned $1.04 earnings per share. The business’s revenue for the quarter was down .6% on a year-over-year basis. As a group, analysts forecast that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 2nd will be paid a $0.33 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.77%. Comcast’s payout ratio is presently 32.43%.

Comcast 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.