Plancorp LLC Sells 37,438 Shares of Comcast Co. (NASDAQ:CMCSA)

Plancorp LLC lessened its position in Comcast Co. (NASDAQ:CMCSA - Free Report) by 50.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 37,057 shares of the cable giant's stock after selling 37,438 shares during the period. Plancorp LLC's holdings in Comcast were worth $1,391,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of CMCSA. Mizuho Securities USA LLC boosted its position in shares of Comcast by 44.4% during the fourth quarter. Mizuho Securities USA LLC now owns 361,774 shares of the cable giant's stock valued at $13,577,000 after buying an additional 111,275 shares during the last quarter. Fi3 FINANCIAL ADVISORS LLC grew its stake in shares of Comcast by 17.7% in the 4th quarter. Fi3 FINANCIAL ADVISORS LLC now owns 6,086 shares of the cable giant's stock worth $228,000 after acquiring an additional 916 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Comcast in the fourth quarter valued at about $5,035,000. Sciencast Management LP lifted its position in shares of Comcast by 18.3% during the fourth quarter. Sciencast Management LP now owns 75,498 shares of the cable giant's stock valued at $2,833,000 after purchasing an additional 11,674 shares in the last quarter. Finally, Summit Global Investments boosted its holdings in Comcast by 112.4% during the fourth quarter. Summit Global Investments now owns 38,310 shares of the cable giant's stock worth $1,438,000 after purchasing an additional 20,272 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CMCSA has been the subject of several analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Comcast from $45.00 to $39.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. StockNews.com raised Comcast from a "buy" rating to a "strong-buy" rating in a research report on Thursday, February 27th. Loop Capital decreased their target price on Comcast from $54.00 to $53.00 and set a "buy" rating for the company in a research report on Thursday, January 2nd. Bank of America downgraded shares of Comcast from a "buy" rating to a "neutral" rating and cut their price target for the stock from $50.00 to $38.00 in a report on Friday, January 31st. Finally, Citigroup decreased their price objective on shares of Comcast from $47.00 to $44.00 and set a "buy" rating for the company in a report on Friday, January 31st. Ten research analysts have rated the stock with a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $43.64.

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Comcast Price Performance

Shares of Comcast stock traded up $0.43 on Wednesday, reaching $37.37. The stock had a trading volume of 25,941,135 shares, compared to its average volume of 19,897,066. The business's 50 day moving average is $35.85 and its two-hundred day moving average is $39.04. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. The company has a market cap of $141.30 billion, a P/E ratio of 9.00, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00. Comcast Co. has a 1 year low of $32.50 and a 1 year high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, beating the consensus estimate of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. As a group, research analysts anticipate that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be paid a $0.33 dividend. This is a positive change from Comcast's previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date of this dividend is Wednesday, April 2nd. Comcast's dividend payout ratio is currently 31.81%.

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.