Sigma Planning Corp Purchases 33,926 Shares of Comcast Corporation $CMCSA

Sigma Planning Corp increased its position in Comcast Corporation (NASDAQ:CMCSA) by 131.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 59,645 shares of the cable giant’s stock after acquiring an additional 33,926 shares during the quarter. Sigma Planning Corp’s holdings in Comcast were worth $1,300,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Cedar Mountain Advisors LLC lifted its position in Comcast by 48.2% during the 1st quarter. Cedar Mountain Advisors LLC now owns 1,196 shares of the cable giant’s stock worth $34,000 after acquiring an additional 389 shares during the last quarter. PFG Investments LLC grew its position in shares of Comcast by 0.9% in the first quarter. PFG Investments LLC now owns 41,771 shares of the cable giant’s stock valued at $1,199,000 after purchasing an additional 391 shares during the last quarter. Simmons Bank grew its position in shares of Comcast by 2.3% in the first quarter. Simmons Bank now owns 17,795 shares of the cable giant’s stock valued at $511,000 after purchasing an additional 400 shares during the last quarter. Whipplewood Advisors LLC grew its position in shares of Comcast by 75.5% in the first quarter. Whipplewood Advisors LLC now owns 932 shares of the cable giant’s stock valued at $27,000 after purchasing an additional 401 shares during the last quarter. Finally, Bollard Group LLC increased its stake in shares of Comcast by 1.1% in the first quarter. Bollard Group LLC now owns 37,607 shares of the cable giant’s stock worth $1,080,000 after purchasing an additional 405 shares during the period. Institutional investors own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on CMCSA shares. Citigroup dropped their price objective on Comcast from $30.00 to $27.50 and set a “buy” rating on the stock in a research note on Thursday, September 24th. Barclays set a $24.00 target price on Comcast and gave the company an “equal weight” rating in a research note on Tuesday, September 29th. Wells Fargo & Company set a $23.00 target price on Comcast and gave the company an “underweight” rating in a report on Friday, July 24th. Freedom Broker lowered their target price on Comcast from $29.00 to $25.00 and set a “hold” rating on the stock in a report on Monday. Finally, Morgan Stanley dropped their price target on Comcast from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Friday, September 25th. Eleven investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $30.37.

Comcast Price Performance

Shares of CMCSA stock opened at $21.57 on Thursday. Comcast Corporation has a 52 week low of $20.48 and a 52 week high of $32.85. The stock has a market capitalization of $76.54 billion, a PE ratio of 6.83, a PEG ratio of 1.61 and a beta of 0.68. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.82 and a current ratio of 0.82. The stock’s fifty day moving average is $23.55 and its 200-day moving average is $26.15.

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

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 27th. Shareholders of record on Wednesday, January 6th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 6.1%. The ex-dividend date is Wednesday, January 6th. Comcast’s dividend payout ratio (DPR) is presently 41.77%.

Comcast Company Profile

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.