Comcast Co. (NASDAQ:CMCSA) Shares Bought by Planning Capital Management Corp

Planning Capital Management Corp grew its holdings in Comcast Co. (NASDAQ:CMCSA) by 156.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,865 shares of the cable giant’s stock after purchasing an additional 16,983 shares during the period. Planning Capital Management Corp’s holdings in Comcast were worth $1,164,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Koshinski Asset Management Inc. boosted its holdings in Comcast by 0.8% during the third quarter. Koshinski Asset Management Inc. now owns 30,584 shares of the cable giant’s stock valued at $1,277,000 after acquiring an additional 249 shares during the period. Regent Peak Wealth Advisors LLC grew its position in shares of Comcast by 3.1% in the third quarter. Regent Peak Wealth Advisors LLC now owns 8,445 shares of the cable giant’s stock valued at $353,000 after purchasing an additional 257 shares during the last quarter. Abich Financial Wealth Management LLC grew its position in shares of Comcast by 4.7% in the third quarter. Abich Financial Wealth Management LLC now owns 5,829 shares of the cable giant’s stock valued at $243,000 after purchasing an additional 260 shares during the last quarter. Greenwich Wealth Management LLC grew its position in shares of Comcast by 2.7% in the second quarter. Greenwich Wealth Management LLC now owns 9,754 shares of the cable giant’s stock valued at $382,000 after purchasing an additional 261 shares during the last quarter. Finally, Saxon Interests Inc. grew its position in shares of Comcast by 2.0% in the third quarter. Saxon Interests Inc. now owns 13,554 shares of the cable giant’s stock valued at $566,000 after purchasing an additional 262 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Price Performance

CMCSA opened at $43.91 on Thursday. The company has a fifty day moving average price of $41.47 and a two-hundred day moving average price of $39.82. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.11. The firm has a market capitalization of $168.02 billion, a PE ratio of 11.80, a P/E/G ratio of 1.67 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The company had revenue of $32.07 billion during the quarter, compared to analyst estimates of $31.78 billion. During the same quarter in the previous year, the business earned $1.08 EPS. The firm’s revenue was up 6.5% on a year-over-year basis. As a group, analysts anticipate that Comcast Co. will post 4.25 earnings per share for the current year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be given a $0.31 dividend. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 annualized dividend and a yield of 2.82%. Comcast’s dividend payout ratio is currently 33.33%.

Analysts Set New Price Targets

A number of research firms recently weighed in on CMCSA. Wells Fargo & Company lifted their target price on Comcast from $43.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted their target price on Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Benchmark reissued a “buy” rating and set a $55.00 target price on shares of Comcast in a research report on Wednesday, October 30th. Barclays lifted their target price on Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Finally, Rosenblatt Securities restated a “neutral” rating and set a $45.00 price target on shares of Comcast in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Comcast has an average rating of “Moderate Buy” and an average price target of $46.75.

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.