Retirement Planning Co of New England Inc. Invests $297,000 in Comcast Corporation (NASDAQ:CMCSA)

Retirement Planning Co of New England Inc. purchased a new position in Comcast Corporation (NASDAQ:CMCSA - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 8,048 shares of the cable giant's stock, valued at approximately $297,000.

Other large investors have also made changes to their positions in the company. Brighton Jones LLC raised its position in Comcast by 150.9% in the fourth quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant's stock worth $6,240,000 after purchasing an additional 99,986 shares in the last quarter. Proficio Capital Partners LLC grew its stake in shares of Comcast by 42.9% in the 4th quarter. Proficio Capital Partners LLC now owns 15,930 shares of the cable giant's stock valued at $598,000 after purchasing an additional 4,781 shares during the period. Harbour Investments Inc. boosted its stake in Comcast by 2.6% in the 4th quarter. Harbour Investments Inc. now owns 23,493 shares of the cable giant's stock valued at $882,000 after buying an additional 605 shares in the last quarter. Evoke Wealth LLC grew its position in Comcast by 7.6% in the fourth quarter. Evoke Wealth LLC now owns 7,293 shares of the cable giant's stock valued at $274,000 after acquiring an additional 516 shares during the period. Finally, Royal London Asset Management Ltd. raised its stake in Comcast by 0.7% during the fourth quarter. Royal London Asset Management Ltd. now owns 2,165,713 shares of the cable giant's stock worth $81,279,000 after acquiring an additional 14,590 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CMCSA. TD Cowen lowered their target price on shares of Comcast from $46.00 to $45.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Argus lowered shares of Comcast from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Wells Fargo & Company cut shares of Comcast from an "equal weight" rating to an "underweight" rating and cut their target price for the company from $37.00 to $31.00 in a research note on Monday, April 14th. Morgan Stanley set a $40.00 target price on Comcast and gave the stock an "equal weight" rating in a report on Wednesday. Finally, Scotiabank raised their price target on Comcast from $44.50 to $45.00 and gave the company a "sector perform" rating in a report on Friday, July 11th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Comcast presently has a consensus rating of "Hold" and an average price target of $41.10.

Comcast Stock Performance

Shares of CMCSA stock opened at $34.70 on Friday. The stock has a market cap of $129.56 billion, a PE ratio of 8.53, a price-to-earnings-growth ratio of 1.66 and a beta of 0.95. The stock has a 50-day moving average of $35.00 and a 200-day moving average of $35.35. 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 Corporation has a one year low of $31.44 and a one year high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.08. Comcast had a net margin of 12.72% and a return on equity of 19.70%. The company had revenue of $29.89 billion for the quarter, compared to analyst estimates of $29.82 billion. During the same period last year, the business posted $1.04 earnings per share. The business's revenue for the quarter was down .6% compared to the same quarter last year. As a group, sell-side analysts expect that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 2nd will be issued 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 yield of 3.80%. Comcast's dividend payout ratio (DPR) is currently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.