Total Wealth Planning & Management Inc. Acquires Shares of 21,392 Comcast Co. (NASDAQ:CMCSA)

Total Wealth Planning & Management Inc. bought a new stake in Comcast Co. (NASDAQ:CMCSA - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 21,392 shares of the cable giant's stock, valued at approximately $803,000. Comcast comprises 0.7% of Total Wealth Planning & Management Inc.'s holdings, making the stock its 29th biggest holding.

A number of other hedge funds also recently made changes to their positions in the business. Sculati Wealth Management LLC raised its holdings in shares of Comcast by 0.9% during the 4th quarter. Sculati Wealth Management LLC now owns 30,792 shares of the cable giant's stock worth $1,156,000 after buying an additional 285 shares in the last quarter. Five Oceans Advisors grew its position in Comcast by 2.5% in the fourth quarter. Five Oceans Advisors now owns 12,336 shares of the cable giant's stock valued at $463,000 after acquiring an additional 298 shares during the last quarter. Kovack Advisors Inc. grew its position in Comcast by 1.1% in the fourth quarter. Kovack Advisors Inc. now owns 26,470 shares of the cable giant's stock valued at $993,000 after acquiring an additional 300 shares during the last quarter. Beck Mack & Oliver LLC raised its stake in Comcast by 2.0% during the fourth quarter. Beck Mack & Oliver LLC now owns 15,539 shares of the cable giant's stock worth $583,000 after acquiring an additional 300 shares in the last quarter. Finally, Avitas Wealth Management LLC lifted its holdings in shares of Comcast by 0.6% in the fourth quarter. Avitas Wealth Management LLC now owns 58,490 shares of the cable giant's stock worth $2,195,000 after acquiring an additional 328 shares during the last quarter. Institutional investors own 84.32% of the company's stock.

Wall Street Analysts Forecast Growth

CMCSA has been the subject of a number of research analyst reports. The Goldman Sachs Group lowered their price objective on shares of Comcast from $50.00 to $44.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Wells Fargo & Company downgraded shares of Comcast from an "equal weight" rating to an "underweight" rating and lowered their price target for the stock from $37.00 to $31.00 in a report on Monday, April 14th. Sanford C. Bernstein set a $38.00 target price on Comcast in a research report on Friday, January 31st. Rosenblatt Securities reissued a "neutral" rating and set a $36.00 price target on shares of Comcast in a research note on Monday, April 28th. Finally, JPMorgan Chase & Co. decreased their price objective on Comcast from $45.00 to $39.00 and set a "neutral" rating for the company in a report on Friday, January 31st. Two analysts have rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $42.10.

Comcast Price Performance

NASDAQ:CMCSA traded up $0.30 during midday trading on Friday, hitting $34.58. The company had a trading volume of 31,649,940 shares, compared to its average volume of 21,989,998. The company has a market capitalization of $129.11 billion, a PE ratio of 8.33, a P/E/G ratio of 1.78 and a beta of 0.97. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. Comcast Co. has a 52-week low of $31.44 and a 52-week high of $45.31. The stock's fifty day moving average price is $34.69 and its 200-day moving average price is $36.79.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.08. The firm had revenue of $29.89 billion during the quarter, compared to analysts' expectations of $29.82 billion. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The company's revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.04 EPS. As a group, research analysts expect that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 2nd will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 3.82%. The ex-dividend date is Wednesday, July 2nd. Comcast's dividend payout ratio (DPR) is presently 32.43%.

Comcast Company 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.