9,738 Shares in Comcast Co. (NASDAQ:CMCSA) Purchased by TFB Advisors LLC

TFB Advisors LLC bought a new position in shares of Comcast Co. (NASDAQ:CMCSAFree Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 9,738 shares of the cable giant’s stock, valued at approximately $422,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Luken Investment Analytics LLC boosted its position in shares of 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 acquiring an additional 418 shares during the period. Steph & Co. boosted its position in shares of 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 acquiring an additional 371 shares during the period. Leith Wheeler Investment Counsel Ltd. boosted its position in shares of Comcast by 299.1% in the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock valued at $28,000 after acquiring an additional 475,675 shares during the period. OLD Point Trust & Financial Services N A bought a new position in shares of Comcast in the fourth quarter valued at approximately $28,000. Finally, Pineridge Advisors LLC bought a new position in shares of Comcast in the fourth quarter valued at approximately $32,000. Institutional investors own 84.32% of the company’s stock.

Analyst Ratings Changes

CMCSA has been the topic of several research reports. Evercore ISI decreased their price target on shares of Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 2nd. Macquarie decreased their price target on shares of Comcast from $43.00 to $40.00 and set a “neutral” rating on the stock in a research note on Monday, May 13th. Seaport Res Ptn downgraded shares of Comcast from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 24th. Wells Fargo & Company cut their price target on shares of Comcast from $47.00 to $43.00 and set an “equal weight” rating on the stock in a report on Friday, April 26th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $55.00 price target on shares of Comcast in a report on Wednesday, April 3rd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $48.53.

Read Our Latest Stock Report on Comcast

Insider Buying and Selling at Comcast

In other news, major shareholder Corp Comcast sold 3,176,923 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $3.19, for a total transaction of $10,134,384.37. Following the sale, the insider now owns 2,000,000 shares in the company, valued at $6,380,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.26% of the stock is owned by insiders.

Comcast Trading Down 0.2 %

CMCSA traded down $0.08 during trading on Wednesday, reaching $37.43. The company had a trading volume of 19,193,874 shares, compared to its average volume of 20,410,691. The stock has a market cap of $146.86 billion, a P/E ratio of 9.92, a PEG ratio of 0.93 and a beta of 1.00. The business has a 50 day simple moving average of $38.52 and a 200-day simple moving average of $41.05. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.46. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.13.

Comcast (NASDAQ:CMCSAGet Free Report) last released its quarterly earnings data on Thursday, April 25th. The cable giant reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.06. The firm had revenue of $30.06 billion during the quarter, compared to the consensus estimate of $29.83 billion. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.92 earnings per share. On average, equities analysts anticipate that Comcast Co. will post 4.21 EPS for the current fiscal year.

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Wednesday, July 3rd will be paid a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $1.24 annualized dividend and a yield of 3.31%. Comcast’s dividend payout ratio (DPR) is presently 32.80%.

Comcast Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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