Comcast Co. (NASDAQ:CMCSA) Shares Purchased by TFB Advisors LLC

TFB Advisors LLC raised its stake in Comcast Co. (NASDAQ:CMCSA) by 3.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,030 shares of the cable giant’s stock after buying an additional 292 shares during the quarter. TFB Advisors LLC’s holdings in Comcast were worth $393,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Bollard Group LLC grew its stake in Comcast by 0.7% during the 4th quarter. Bollard Group LLC now owns 36,996 shares of the cable giant’s stock valued at $1,622,000 after purchasing an additional 244 shares in the last quarter. Tortoise Investment Management LLC raised its holdings in Comcast by 4.5% in the fourth quarter. Tortoise Investment Management LLC now owns 5,801 shares of the cable giant’s stock valued at $254,000 after acquiring an additional 249 shares in the last quarter. Laraway Financial Advisors Inc boosted its stake in Comcast by 1.9% during the 4th quarter. Laraway Financial Advisors Inc now owns 13,150 shares of the cable giant’s stock valued at $577,000 after acquiring an additional 250 shares during the last quarter. Verum Partners LLC increased its position in shares of Comcast by 4.9% in the 2nd quarter. Verum Partners LLC now owns 5,663 shares of the cable giant’s stock worth $222,000 after purchasing an additional 267 shares during the last quarter. Finally, Moss Adams Wealth Advisors LLC lifted its position in shares of Comcast by 3.1% during the fourth quarter. Moss Adams Wealth Advisors LLC now owns 8,815 shares of the cable giant’s stock worth $387,000 after purchasing an additional 268 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Trading Up 0.3 %

NASDAQ:CMCSA opened at $39.57 on Friday. The stock has a fifty day simple moving average of $39.12 and a 200 day simple moving average of $39.94. The firm has a market capitalization of $155.26 billion, a price-to-earnings ratio of 10.47, a price-to-earnings-growth ratio of 1.07 and a beta of 1.00. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.30. 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 posted its quarterly earnings data on Tuesday, July 23rd. The cable giant reported $1.21 EPS 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 firm had revenue of $29.69 billion during the quarter, compared to analyst estimates of $30.02 billion. During the same quarter last year, the business posted $1.13 EPS. The company’s revenue was down 2.7% on a year-over-year basis. Sell-side analysts forecast that Comcast Co. will post 4.23 earnings per share for the current year.

Comcast Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Benchmark reaffirmed a “buy” rating and issued a $55.00 price objective on shares of Comcast in a report on Monday, May 13th. Macquarie reaffirmed a “neutral” rating and set a $40.00 price objective on shares of Comcast in a research report on Wednesday, July 24th. BNP Paribas lowered Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 target price for the company. in a report on Tuesday, June 11th. Barclays cut their price target on Comcast from $41.00 to $40.00 and set an “equal weight” rating on the stock in a report on Thursday, July 25th. Finally, KeyCorp reduced their price objective on Comcast from $45.00 to $44.00 and set an “overweight” rating for the company in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $45.78.

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.