Creative Planning Sells 52,816 Shares of Comcast Corporation $CMCSA

Creative Planning lowered its holdings in Comcast Corporation (NASDAQ:CMCSA) by 4.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,219,698 shares of the cable giant’s stock after selling 52,816 shares during the quarter. Creative Planning’s holdings in Comcast were worth $43,531,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the company. Dodge & Cox raised its stake in shares of Comcast by 19.1% in the first quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant’s stock worth $3,476,635,000 after buying an additional 15,115,074 shares during the period. First Eagle Investment Management LLC lifted its position in Comcast by 1.4% in the second quarter. First Eagle Investment Management LLC now owns 35,905,236 shares of the cable giant’s stock worth $1,281,458,000 after buying an additional 490,923 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Comcast by 2.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 33,636,264 shares of the cable giant’s stock valued at $1,240,955,000 after acquiring an additional 926,663 shares during the last quarter. Nuveen LLC purchased a new position in Comcast during the 1st quarter worth $940,015,000. Finally, Harris Associates L P raised its stake in Comcast by 0.5% in the first quarter. Harris Associates L P now owns 20,594,519 shares of the cable giant’s stock worth $759,938,000 after buying an additional 111,662 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

CMCSA stock opened at $27.51 on Friday. The company has a market cap of $100.24 billion, a price-to-earnings ratio of 4.58, a PEG ratio of 1.79 and a beta of 0.92. Comcast Corporation has a 12-month low of $25.75 and a 12-month high of $44.03. The firm has a 50 day moving average of $30.12 and a 200-day moving average of $32.87. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96.

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

Comcast Dividend Announcement

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

Analysts Set New Price Targets

CMCSA has been the topic of several research reports. Zacks Research downgraded Comcast from a “hold” rating to a “strong sell” rating in a research report on Monday, November 10th. Rosenblatt Securities reduced their target price on Comcast from $38.00 to $33.00 and set a “neutral” rating for the company in a report on Friday, October 17th. Seaport Res Ptn lowered Comcast from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 31st. Bank of America reduced their target price on Comcast from $38.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday, September 29th. Finally, Moffett Nathanson lowered their target price on Comcast from $58.00 to $53.00 and set a “buy” rating for the company in a report on Thursday. Ten analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $36.12.

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.