Plato Investment Management Ltd Sells 27,637 Shares of Comcast Corporation $CMCSA

Plato Investment Management Ltd cut its position in Comcast Corporation (NASDAQ:CMCSA) by 17.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 128,451 shares of the cable giant’s stock after selling 27,637 shares during the period. Plato Investment Management Ltd’s holdings in Comcast were worth $4,791,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Sculati Wealth Management LLC grew its stake in Comcast by 0.9% in the fourth quarter. Sculati Wealth Management LLC now owns 30,792 shares of the cable giant’s stock valued at $1,156,000 after acquiring an additional 285 shares during the period. Toth Financial Advisory Corp raised its position in shares of Comcast by 9.0% during the first quarter. Toth Financial Advisory Corp now owns 3,630 shares of the cable giant’s stock worth $134,000 after purchasing an additional 300 shares during the period. Clearstead Trust LLC lifted its holdings in shares of Comcast by 5.2% in the 1st quarter. Clearstead Trust LLC now owns 6,142 shares of the cable giant’s stock worth $227,000 after purchasing an additional 305 shares in the last quarter. United Asset Strategies Inc. grew its position in Comcast by 2.2% in the 1st quarter. United Asset Strategies Inc. now owns 14,075 shares of the cable giant’s stock valued at $519,000 after purchasing an additional 308 shares during the period. Finally, Moors & Cabot Inc. increased its stake in Comcast by 0.6% during the 1st quarter. Moors & Cabot Inc. now owns 54,163 shares of the cable giant’s stock valued at $1,999,000 after purchasing an additional 310 shares in the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Stock Down 1.0%

Shares of NASDAQ CMCSA opened at $33.67 on Wednesday. The stock has a market capitalization of $124.32 billion, a P/E ratio of 5.57, a PEG ratio of 2.04 and a beta of 0.93. Comcast Corporation has a one year low of $31.03 and a one year high of $45.31. The firm’s 50 day simple moving average is $33.94 and its two-hundred day simple moving average is $34.64. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.91.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, July 31st. The cable giant reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.18 by $0.07. The company had revenue of $30.31 billion during the quarter, compared to analysts’ expectations of $29.81 billion. Comcast had a net margin of 18.44% and a return on equity of 18.86%. The firm’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.21 EPS. As a group, analysts expect that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 1st will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Wednesday, October 1st. Comcast’s payout ratio is 21.82%.

Analyst Ratings Changes

CMCSA has been the topic of several research reports. Royal Bank Of Canada assumed coverage on shares of Comcast in a report on Monday. They set a “sector perform” rating and a $38.00 price objective on the stock. Barclays decreased their target price on shares of Comcast from $35.00 to $34.00 and set an “equal weight” rating for the company in a research report on Friday, August 1st. UBS Group lowered their target price on shares of Comcast from $40.00 to $36.00 and set a “neutral” rating on the stock in a report on Friday, August 1st. Scotiabank lifted their price target on Comcast from $44.50 to $45.00 and gave the company a “sector perform” rating in a research note on Friday, July 11th. Finally, Moffett Nathanson boosted their price objective on Comcast from $56.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, June 12th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Comcast presently has an average rating of “Hold” and a consensus target price of $40.63.

About Comcast

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.