33,926 Comcast Corporation $CMCSA Shares Acquired by Sigma Planning Corp

Sigma Planning Corp boosted its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 131.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 59,645 shares of the cable giant’s stock after purchasing an additional 33,926 shares during the period. Sigma Planning Corp’s holdings in Comcast were worth $1,300,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE grew its holdings in shares of Comcast by 10.2% during the 1st quarter. Bank of America Corp DE now owns 40,864,921 shares of the cable giant’s stock valued at $1,173,232,000 after acquiring an additional 3,783,234 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Comcast by 1.8% during the first quarter. Dimensional Fund Advisors LP now owns 29,461,308 shares of the cable giant’s stock worth $845,919,000 after acquiring an additional 507,097 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of Comcast by 4.9% during the first quarter. First Trust Advisors LP now owns 13,592,149 shares of the cable giant’s stock worth $390,231,000 after acquiring an additional 630,902 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of Comcast by 824.4% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 11,616,490 shares of the cable giant’s stock worth $333,509,000 after acquiring an additional 10,359,800 shares in the last quarter. Finally, Swiss National Bank boosted its position in Comcast by 5.7% during the first quarter. Swiss National Bank now owns 10,666,200 shares of the cable giant’s stock valued at $306,227,000 after purchasing an additional 574,300 shares during the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Trading Down 1.2%

Shares of NASDAQ:CMCSA opened at $21.57 on Thursday. The stock has a market capitalization of $76.54 billion, a PE ratio of 6.83, a P/E/G ratio of 1.61 and a beta of 0.68. Comcast Corporation has a 1 year low of $20.48 and a 1 year high of $32.85. The firm has a fifty day moving average price of $23.55 and a 200 day moving average price of $26.15. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.91.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, October 22nd. The cable giant reported $1.07 EPS for the quarter, topping the consensus estimate of $0.99 by $0.08. Comcast had a net margin of 9.20% and a return on equity of 14.64%. The firm had revenue of $29.30 billion for the quarter, compared to the consensus estimate of $29.22 billion. During the same period in the prior year, the business posted $1.12 earnings per share. The business’s quarterly revenue was down 6.1% on a year-over-year basis. Analysts expect that Comcast Corporation will post 3.54 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 27th. Stockholders of record on Wednesday, January 6th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 6.1%. The ex-dividend date is Wednesday, January 6th. Comcast’s dividend payout ratio is 41.77%.

Analyst Ratings Changes

CMCSA has been the topic of several research reports. Freedom Broker dropped their target price on Comcast from $29.00 to $25.00 and set a “hold” rating on the stock in a research report on Monday. UBS Group reaffirmed a “neutral” rating and set a $27.00 price target (down from $32.00) on shares of Comcast in a research note on Tuesday, September 15th. Morgan Stanley reduced their price target on Comcast from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Friday, September 25th. Weiss Ratings cut Comcast from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, October 23rd. Finally, KeyCorp cut Comcast from a “sector weight” rating to an “underweight” rating and set a $18.00 price target for the company. in a research note on Thursday, September 24th. Eleven equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and six have given a Sell rating to the stock. Based on data from MarketBeat.com, Comcast presently has an average rating of “Hold” and a consensus price target of $30.37.

About Comcast

Comcast Corporation is a global media and communications company headquartered in Philadelphia, Pennsylvania. Founded in 1963 as American Cable Systems, the company grew through the expansion of cable television and broadband services and adopted the Comcast name in 1969.

Through its Connectivity & Platforms businesses, Comcast provides residential and business customers with broadband internet, video, voice, mobile and related services. Its Xfinity brand offers internet, television, streaming and wireless products in the United States, while Comcast Business serves commercial and enterprise customers with connectivity, communications and technology solutions.