WealthPLAN Partners LLC Has $466,000 Stake in Comcast Corporation (CMCSA)

WealthPLAN Partners LLC increased its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 6,341.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,982 shares of the cable giant’s stock after purchasing an additional 11,796 shares during the period. WealthPLAN Partners LLC’s holdings in Comcast were worth $466,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Connecticut Wealth Management LLC grew its stake in Comcast by 0.4% during the second quarter. Connecticut Wealth Management LLC now owns 6,602 shares of the cable giant’s stock worth $256,000 after purchasing an additional 24 shares during the period. Financial Consulate Inc. grew its stake in Comcast by 0.5% during the second quarter. Financial Consulate Inc. now owns 6,400 shares of the cable giant’s stock worth $249,000 after purchasing an additional 30 shares during the period. Clarius Group LLC grew its stake in Comcast by 0.4% during the second quarter. Clarius Group LLC now owns 8,041 shares of the cable giant’s stock worth $313,000 after purchasing an additional 32 shares during the period. GM Advisory Group Inc. grew its stake in Comcast by 0.9% during the second quarter. GM Advisory Group Inc. now owns 5,554 shares of the cable giant’s stock worth $217,000 after purchasing an additional 48 shares during the period. Finally, Peoples Bank OH grew its stake in Comcast by 0.9% in the second quarter. Peoples Bank OH now owns 6,340 shares of the cable giant’s stock valued at $247,000 after acquiring an additional 59 shares during the period. 82.50% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have commented on the company. ValuEngine cut Comcast from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Robert W. Baird reissued a “buy” rating and issued a $43.00 price objective on shares of Comcast in a research note on Friday, September 1st. BidaskClub raised Comcast from a “strong sell” rating to a “sell” rating in a research note on Tuesday. UBS reissued an “overweight” rating on shares of Comcast in a research note on Thursday, August 24th. Finally, Moffett Nathanson raised Comcast from a “neutral” rating to a “buy” rating and set a $45.00 price objective for the company in a research note on Tuesday, September 12th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $45.93.

In related news, EVP Arthur R. Block sold 4,091 shares of Comcast stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $38.36, for a total transaction of $156,930.76. Following the sale, the executive vice president now directly owns 68,478 shares in the company, valued at $2,626,816.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kenneth J. Bacon sold 2,232 shares of Comcast stock in a transaction on Friday, September 15th. The stock was sold at an average price of $37.27, for a total value of $83,186.64. Following the sale, the director now owns 24,580 shares in the company, valued at $916,096.60. The disclosure for this sale can be found here. Company insiders own 1.28% of the company’s stock.

Comcast Corporation (NASDAQ:CMCSA) opened at $39.52 on Wednesday. The stock has a market capitalization of $179,613.02, a P/E ratio of 19.07, a P/E/G ratio of 1.84 and a beta of 1.01. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.06. Comcast Corporation has a 1 year low of $34.03 and a 1 year high of $42.18.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.03. The company had revenue of $20.98 billion for the quarter, compared to analysts’ expectations of $21.05 billion. Comcast had a return on equity of 17.17% and a net margin of 11.99%. Comcast’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.92 earnings per share. research analysts forecast that Comcast Corporation will post 2.06 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Wednesday, January 3rd will be issued a dividend of $0.157 per share. The ex-dividend date is Tuesday, January 2nd. This represents a $0.63 dividend on an annualized basis and a yield of 1.59%. Comcast’s dividend payout ratio (DPR) is currently 30.36%.

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Comcast Company Profile

Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.

Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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