Phillips Wealth Planners LLC Grows Position in Comcast Corporation (NASDAQ:CMCSA)

Phillips Wealth Planners LLC boosted its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 19.9% during the 1st quarter, Holdings Channel.com reports. The firm owned 20,106 shares of the cable giant’s stock after buying an additional 3,331 shares during the quarter. Phillips Wealth Planners LLC’s holdings in Comcast were worth $678,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of CMCSA. Promus Capital LLC bought a new stake in Comcast during the fourth quarter valued at about $25,000. Inlight Wealth Management LLC bought a new stake in Comcast during the first quarter valued at about $26,000. Retirement Wealth Solutions LLC raised its holdings in Comcast by 126.9% during the first quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 448 shares during the period. Mpwm Advisory Solutions LLC bought a new stake in Comcast during the fourth quarter valued at about $33,000. Finally, Global Wealth Strategies & Associates raised its holdings in Comcast by 203.4% during the first quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant’s stock valued at $33,000 after acquiring an additional 600 shares during the period. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Oppenheimer decreased their price target on Comcast from $55.00 to $38.00 and set an “outperform” rating on the stock in a report on Friday, April 25th. Barclays reduced their target price on Comcast from $37.00 to $35.00 and set an “equal weight” rating on the stock in a report on Monday, April 28th. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $36.00 target price on shares of Comcast in a report on Monday, April 28th. BNP Paribas cut Comcast from a “neutral” rating to an “underperform” rating and set a $31.00 target price on the stock. in a report on Thursday, April 10th. Finally, Scotiabank reaffirmed a “sector perform” rating and issued a $44.50 target price (down from $45.00) on shares of Comcast in a report on Friday, April 25th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Comcast has a consensus rating of “Moderate Buy” and an average price target of $42.10.

Comcast Trading Down 1.1%

Shares of NASDAQ CMCSA opened at $34.84 on Thursday. Comcast Corporation has a 1-year low of $31.44 and a 1-year high of $45.31. The business’s 50 day moving average is $34.55 and its two-hundred day moving average is $35.70. The stock has a market capitalization of $130.08 billion, a P/E ratio of 8.56, a PEG ratio of 1.70 and a beta of 0.95. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.65 and a quick ratio of 0.65.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.08. Comcast had a return on equity of 19.70% and a net margin of 12.72%. The business had revenue of $29.89 billion during the quarter, compared to analyst estimates of $29.82 billion. During the same quarter in the previous year, the business earned $1.04 earnings per share. The company’s revenue for the quarter was down .6% compared to the same quarter last year. As a group, research analysts expect that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 2nd will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.79%. Comcast’s dividend payout ratio (DPR) is presently 32.43%.

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.