Total Wealth Planning & Management Inc. Purchases 18,320 Shares of Comcast Corporation (NASDAQ:CMCSA)

Total Wealth Planning & Management Inc. grew its position in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 85.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 39,712 shares of the cable giant's stock after buying an additional 18,320 shares during the quarter. Comcast accounts for 1.4% of Total Wealth Planning & Management Inc.'s portfolio, making the stock its 11th largest position. Total Wealth Planning & Management Inc.'s holdings in Comcast were worth $1,465,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the company. Sculati Wealth Management LLC increased its position in shares of Comcast by 0.9% in the 4th quarter. Sculati Wealth Management LLC now owns 30,792 shares of the cable giant's stock valued at $1,156,000 after acquiring an additional 285 shares during the period. Kovack Advisors Inc. grew its stake in Comcast by 1.1% during the 4th quarter. Kovack Advisors Inc. now owns 26,470 shares of the cable giant's stock valued at $993,000 after purchasing an additional 300 shares during the last quarter. Beck Mack & Oliver LLC grew its stake in Comcast by 2.0% during the 4th quarter. Beck Mack & Oliver LLC now owns 15,539 shares of the cable giant's stock valued at $583,000 after purchasing an additional 300 shares during the last quarter. Toth Financial Advisory Corp increased its holdings in shares of Comcast by 9.0% in the first quarter. Toth Financial Advisory Corp now owns 3,630 shares of the cable giant's stock valued at $134,000 after purchasing an additional 300 shares during the period. Finally, Cypress Wealth Services LLC raised its stake in shares of Comcast by 1.7% in the first quarter. Cypress Wealth Services LLC now owns 18,706 shares of the cable giant's stock worth $690,000 after purchasing an additional 318 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on CMCSA shares. Wall Street Zen upgraded Comcast from a "buy" rating to a "strong-buy" rating in a research report on Thursday, February 27th. Morgan Stanley set a $37.00 price objective on shares of Comcast in a research note on Friday, April 25th. Scotiabank reiterated a "sector perform" rating and issued a $44.50 price objective (down previously from $45.00) on shares of Comcast in a research note on Friday, April 25th. Argus cut shares of Comcast from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Finally, Wells Fargo & Company lowered shares of Comcast from an "equal weight" rating to an "underweight" rating and lowered their price target for the company from $37.00 to $31.00 in a report on Monday, April 14th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Comcast has a consensus rating of "Moderate Buy" and an average price target of $42.10.

Comcast Stock Up 1.1%

Shares of CMCSA opened at $35.21 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.06. The firm has a market cap of $131.46 billion, a P/E ratio of 8.65, a PEG ratio of 1.68 and a beta of 0.95. The stock's 50 day moving average is $34.58 and its two-hundred day moving average is $35.67. Comcast Corporation has a 12 month low of $31.44 and a 12 month high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.08. The firm had revenue of $29.89 billion for the quarter, compared to analysts' expectations of $29.82 billion. Comcast had a net margin of 12.72% and a return on equity of 19.70%. The firm's revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter last year, the company earned $1.04 EPS. Analysts predict that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 2nd will be given 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 dividend yield of 3.75%. 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.

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