Center for Financial Planning Inc. Increases Stock Holdings in Comcast Corporation $CMCSA

Center for Financial Planning Inc. raised its stake in Comcast Corporation (NASDAQ:CMCSA) by 4.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,886 shares of the cable giant’s stock after purchasing an additional 465 shares during the period. Center for Financial Planning Inc.’s holdings in Comcast were worth $389,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in CMCSA. Brighton Jones LLC increased its stake in Comcast by 150.9% in the fourth quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock valued at $6,240,000 after purchasing an additional 99,986 shares during the last quarter. Mutual Advisors LLC increased its stake in Comcast by 10.0% in the first quarter. Mutual Advisors LLC now owns 47,069 shares of the cable giant’s stock valued at $1,596,000 after purchasing an additional 4,260 shares during the last quarter. North Capital Inc. purchased a new position in Comcast in the first quarter valued at approximately $69,000. Davidson Trust Co. increased its stake in Comcast by 7.8% in the first quarter. Davidson Trust Co. now owns 8,462 shares of the cable giant’s stock valued at $312,000 after purchasing an additional 611 shares during the last quarter. Finally, Conning Inc. increased its stake in Comcast by 11.1% in the first quarter. Conning Inc. now owns 1,006,310 shares of the cable giant’s stock valued at $37,133,000 after purchasing an additional 100,435 shares during the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on CMCSA shares. KeyCorp lowered shares of Comcast from an “overweight” rating to a “sector weight” rating in a research note on Thursday. Bank of America decreased their price objective on Comcast from $38.00 to $36.00 and set a “neutral” rating for the company in a report on Monday, September 29th. Scotiabank decreased their price objective on Comcast from $45.50 to $41.50 and set a “sector perform” rating for the company in a report on Friday. Arete decreased their price objective on Comcast from $39.00 to $33.00 and set a “neutral” rating for the company in a report on Tuesday. Finally, UBS Group set a $34.00 price objective on Comcast in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seventeen have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $37.05.

Comcast Price Performance

Shares of NASDAQ CMCSA opened at $27.83 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.91. The stock has a fifty day moving average price of $31.40 and a 200 day moving average price of $33.33. Comcast Corporation has a 1-year low of $25.75 and a 1-year high of $45.31. The company has a market cap of $102.75 billion, a PE ratio of 4.63, a P/E/G ratio of 1.62 and a beta of 0.94.

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

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 14th will be given a $0.33 dividend. The ex-dividend date is Wednesday, January 14th. This represents a $1.32 annualized dividend and a yield of 4.7%. Comcast’s dividend payout ratio is presently 21.82%.

Comcast Company 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.