Planning Capital Management Corp Purchases 16,983 Shares of Comcast Co. (NASDAQ:CMCSA)

Planning Capital Management Corp increased its position in Comcast Co. (NASDAQ:CMCSA) by 156.1% during the third quarter, Holdings Channel reports. The firm owned 27,865 shares of the cable giant’s stock after buying an additional 16,983 shares during the quarter. Planning Capital Management Corp’s holdings in Comcast were worth $1,164,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of CMCSA. Koshinski Asset Management Inc. lifted its stake in Comcast by 0.8% in the 3rd quarter. Koshinski Asset Management Inc. now owns 30,584 shares of the cable giant’s stock valued at $1,277,000 after purchasing an additional 249 shares during the last quarter. Regent Peak Wealth Advisors LLC lifted its stake in Comcast by 3.1% in the 3rd 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 lifted its stake in Comcast by 4.7% in the 3rd 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 lifted its stake in Comcast by 2.7% in the 2nd 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. lifted its stake in Comcast by 2.0% in the 3rd 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. 84.32% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on CMCSA. Pivotal Research increased their price objective on shares of Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Macquarie reaffirmed a “neutral” rating and set a $40.00 price target on shares of Comcast in a research note on Friday, November 1st. KeyCorp raised their price target on shares of Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Scotiabank raised shares of Comcast from a “sector perform” rating to a “sector outperform” rating and raised their price target for the company from $47.75 to $48.00 in a research note on Friday, November 1st. Finally, Benchmark reaffirmed a “buy” rating and set a $55.00 price target on shares of Comcast in a research note on Wednesday, October 30th. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Comcast presently has a consensus rating of “Moderate Buy” and a consensus price target of $46.75.

Comcast Trading Down 0.3 %

NASDAQ:CMCSA opened at $43.91 on Thursday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. The stock has a market capitalization of $168.02 billion, a price-to-earnings ratio of 11.80, a PEG ratio of 1.67 and a beta of 1.00. The firm has a fifty day simple moving average of $41.47 and a two-hundred day simple moving average of $39.82. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.11.

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

Comcast Dividend Announcement

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

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.