Abacus Planning Group Inc. Has $583,000 Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Abacus Planning Group Inc. increased its position in shares of Comcast Co. (NASDAQ:CMCSA) by 47.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,879 shares of the cable giant’s stock after acquiring an additional 4,779 shares during the period. Abacus Planning Group Inc.’s holdings in Comcast were worth $583,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Luken Investment Analytics LLC boosted its position in Comcast by 258.0% in the first quarter. Luken Investment Analytics LLC now owns 580 shares of the cable giant’s stock valued at $25,000 after buying an additional 418 shares in the last quarter. Steph & Co. boosted its position in Comcast by 154.6% in the first quarter. Steph & Co. now owns 611 shares of the cable giant’s stock valued at $26,000 after buying an additional 371 shares in the last quarter. OLD Point Trust & Financial Services N A acquired a new stake in Comcast in the fourth quarter valued at approximately $28,000. IAG Wealth Partners LLC boosted its position in Comcast by 204.7% in the second quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after buying an additional 522 shares in the last quarter. Finally, Pineridge Advisors LLC acquired a new stake in Comcast in the fourth quarter valued at approximately $32,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Price Performance

Shares of NASDAQ CMCSA opened at $39.57 on Friday. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.30. The firm has a fifty day simple moving average of $39.14 and a 200 day simple moving average of $39.92. The company has a market capitalization of $153.23 billion, a PE ratio of 10.47, a P/E/G ratio of 1.05 and a beta of 1.00. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.16.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The business had revenue of $29.69 billion during the quarter, compared to the consensus estimate of $30.02 billion. During the same quarter last year, the firm earned $1.13 earnings per share. Comcast’s quarterly revenue was down 2.7% on a year-over-year basis. On average, sell-side analysts forecast that Comcast Co. will post 4.23 EPS for the current year.

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend is Wednesday, October 2nd. Comcast’s dividend payout ratio (DPR) is currently 32.80%.

Analysts Set New Price Targets

CMCSA has been the topic of a number of research analyst reports. Seaport Res Ptn lowered shares of Comcast from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 24th. Evercore ISI cut their price target on shares of Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a report on Tuesday, July 2nd. Benchmark reiterated a “buy” rating and set a $55.00 price target on shares of Comcast in a report on Monday, May 13th. The Goldman Sachs Group began coverage on shares of Comcast in a report on Tuesday, June 25th. They set a “buy” rating and a $44.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Comcast has an average rating of “Hold” and an average price target of $45.78.

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.