Comcast Corporation $CMCSA Shares Acquired by WealthPlan Investment Management LLC

WealthPlan Investment Management LLC increased its stake in Comcast Corporation (NASDAQ:CMCSA) by 10.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,262 shares of the cable giant’s stock after buying an additional 955 shares during the quarter. WealthPlan Investment Management LLC’s holdings in Comcast were worth $366,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Inlight Wealth Management LLC acquired a new stake in Comcast during the 1st quarter valued at approximately $26,000. Cranbrook Wealth Management LLC grew its stake in Comcast by 86.0% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock valued at $27,000 after purchasing an additional 350 shares in the last quarter. Global Trust Asset Management LLC grew its stake in Comcast by 906.8% during the 2nd quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock valued at $27,000 after purchasing an additional 671 shares in the last quarter. Abound Financial LLC acquired a new stake in Comcast during the 1st quarter valued at approximately $29,000. Finally, Ransom Advisory Ltd acquired a new stake in Comcast during the 1st quarter valued at approximately $29,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

CMCSA has been the subject of a number of recent analyst reports. Benchmark restated a “buy” rating on shares of Comcast in a research note on Friday, July 18th. UBS Group set a $43.00 price objective on Comcast in a research note on Friday, October 3rd. Royal Bank Of Canada initiated coverage on Comcast in a research report on Monday, September 8th. They issued a “sector perform” rating and a $38.00 target price for the company. Rothschild & Co Redburn decreased their target price on Comcast from $44.00 to $35.00 in a research report on Friday, June 20th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Comcast from $46.00 to $44.00 and set a “buy” rating for the company in a research report on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $39.76.

Comcast Price Performance

Shares of CMCSA opened at $29.54 on Friday. The firm has a market cap of $109.07 billion, a price-to-earnings ratio of 4.88, a PEG ratio of 1.73 and a beta of 0.94. Comcast Corporation has a 52 week low of $29.15 and a 52 week high of $45.31. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.99. The stock has a 50 day moving average of $32.23 and a 200-day moving average of $33.70.

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. The business 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%. As a group, analysts forecast that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be issued a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $1.32 annualized dividend and a dividend yield of 4.5%. Comcast’s dividend payout ratio (DPR) is 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.