Sigma Planning Corp Increases Stake in Comcast Co. (NASDAQ:CMCSA)

Sigma Planning Corp lifted its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 10.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 38,306 shares of the cable giant’s stock after buying an additional 3,477 shares during the quarter. Sigma Planning Corp’s holdings in Comcast were worth $2,184,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in Comcast by 16.7% during the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 275,912 shares of the cable giant’s stock worth $15,733,000 after acquiring an additional 39,500 shares in the last quarter. IFM Investors Pty Ltd boosted its stake in Comcast by 22.1% during the second quarter. IFM Investors Pty Ltd now owns 607,787 shares of the cable giant’s stock worth $34,656,000 after acquiring an additional 109,986 shares in the last quarter. V Wealth Advisors LLC boosted its stake in Comcast by 17.6% during the second quarter. V Wealth Advisors LLC now owns 26,802 shares of the cable giant’s stock worth $1,530,000 after acquiring an additional 4,012 shares in the last quarter. Penserra Capital Management LLC boosted its stake in Comcast by 23.5% during the second quarter. Penserra Capital Management LLC now owns 85,171 shares of the cable giant’s stock worth $4,856,000 after acquiring an additional 16,215 shares in the last quarter. Finally, Mount Yale Investment Advisors LLC boosted its stake in Comcast by 8.1% during the second quarter. Mount Yale Investment Advisors LLC now owns 126,531 shares of the cable giant’s stock worth $7,215,000 after acquiring an additional 9,482 shares in the last quarter. Institutional investors own 82.49% of the company’s stock.

Shares of NASDAQ CMCSA opened at $52.69 on Thursday. The firm has a fifty day moving average price of $57.97 and a 200-day moving average price of $56.98. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a market cap of $241.83 billion, a PE ratio of 19.66, a price-to-earnings-growth ratio of 1.06 and a beta of 1.04. Comcast Co. has a 1 year low of $40.97 and a 1 year high of $61.80.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, July 29th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.17. The firm had revenue of $28.55 billion during the quarter, compared to analysts’ expectations of $27.14 billion. Comcast had a net margin of 11.44% and a return on equity of 14.15%. On average, research analysts expect that Comcast Co. will post 3.13 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 27th. Stockholders of record on Wednesday, October 6th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, October 5th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.90%. Comcast’s dividend payout ratio (DPR) is presently 38.31%.

Several brokerages have recently issued reports on CMCSA. Morgan Stanley upped their target price on shares of Comcast from $70.00 to $72.00 and gave the stock an “overweight” rating in a research note on Friday, July 30th. Truist Securities increased their price objective on shares of Comcast from $65.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, July 30th. TD Securities increased their price objective on shares of Comcast from $70.00 to $73.00 and gave the company a “buy” rating in a research report on Friday, July 30th. Credit Suisse Group increased their price objective on shares of Comcast from $67.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, July 30th. Finally, Benchmark increased their price objective on shares of Comcast from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, July 12th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat, Comcast currently has an average rating of “Buy” and a consensus price target of $65.24.

About Comcast

Comcast Corp. is a media, entertainment, and communications company, which engages in the provision of video, Internet, and phone services. It operates through the following segments: Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks and Sky. The Cable Communications segment provides video, Internet, voice, and security and automation services under the Xfinity brand.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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