Sigma Planning Corp Has $1.43 Million Holdings in Comcast Co. (NASDAQ:CMCSA)

Sigma Planning Corp decreased its position in shares of Comcast Co. (NASDAQ:CMCSA) by 20.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 38,021 shares of the cable giant’s stock after selling 9,789 shares during the period. Sigma Planning Corp’s holdings in Comcast were worth $1,427,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of CMCSA. Winch Advisory Services LLC grew its holdings in Comcast by 269.9% during the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after acquiring an additional 502 shares during the last quarter. Roxbury Financial LLC bought a new stake in shares of Comcast during the fourth quarter valued at approximately $27,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Comcast in the fourth quarter valued at approximately $28,000. Safe Harbor Fiduciary LLC bought a new position in Comcast in the 3rd quarter worth approximately $30,000. Finally, Dunhill Financial LLC lifted its holdings in Comcast by 54.8% during the 3rd quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock worth $34,000 after buying an additional 288 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

CMCSA has been the subject of a number of research reports. TD Cowen lowered their price objective on Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Benchmark lowered their price target on shares of Comcast from $57.00 to $55.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Seaport Res Ptn upgraded shares of Comcast from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Macquarie lowered their target price on shares of Comcast from $42.00 to $36.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Finally, The Goldman Sachs Group cut their price target on Comcast from $50.00 to $44.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Nine research analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $43.83.

Comcast Price Performance

NASDAQ CMCSA opened at $36.30 on Tuesday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. The stock has a market cap of $137.25 billion, a price-to-earnings ratio of 8.75, a PEG ratio of 1.78 and a beta of 1.00. The business has a 50 day simple moving average of $36.52 and a 200 day simple moving average of $39.57. Comcast Co. has a 52-week low of $32.50 and a 52-week high of $45.31.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. Analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.64%. This is a positive change from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. Comcast’s payout ratio is 31.81%.

About Comcast

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.