TFR Capital LLC. Takes $275,000 Position in Comcast Corporation (NASDAQ:CMCSA)

TFR Capital LLC. purchased a new position in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 7,457 shares of the cable giant's stock, valued at approximately $275,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Inlight Wealth Management LLC bought a new position in Comcast in the 1st quarter valued at about $26,000. Abound Financial LLC acquired a new stake in shares of Comcast during the 1st quarter worth approximately $29,000. Retirement Wealth Solutions LLC increased its stake in Comcast by 126.9% in the first quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock valued at $30,000 after acquiring an additional 448 shares during the last quarter. Mpwm Advisory Solutions LLC acquired a new position in Comcast during the fourth quarter valued at approximately $33,000. Finally, Global Wealth Strategies & Associates lifted its stake in Comcast by 203.4% during the first quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant's stock worth $33,000 after purchasing an additional 600 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company's stock.

Comcast Stock Performance

Shares of CMCSA stock traded down $0.43 during trading on Friday, hitting $34.99. The company's stock had a trading volume of 16,862,759 shares, compared to its average volume of 21,995,037. 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 company has a market cap of $130.64 billion, a PE ratio of 8.60, a P/E/G ratio of 1.69 and a beta of 0.95. The business has a fifty day moving average of $34.96 and a 200-day moving average of $35.41. Comcast Corporation has a 52 week low of $31.44 and a 52 week high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its 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. Comcast had a net margin of 12.72% and a return on equity of 19.70%. The business had revenue of $29.89 billion for the quarter, compared to analysts' expectations of $29.82 billion. During the same quarter in the previous year, the firm posted $1.04 EPS. The business's revenue for the quarter was down .6% compared to the same quarter last year. As a group, research analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 2nd will be paid a $0.33 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.77%. Comcast's dividend payout ratio is presently 32.43%.

Analyst Ratings Changes

CMCSA has been the subject of several research analyst reports. Arete Research upgraded shares of Comcast to a "hold" rating in a report on Tuesday, July 8th. Evercore ISI lowered their target price on Comcast from $44.00 to $40.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Barclays dropped their target price on Comcast from $37.00 to $35.00 and set an "equal weight" rating for the company in a research report on Monday, April 28th. JPMorgan Chase & Co. reduced their price target on Comcast from $39.00 to $37.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. Finally, Moffett Nathanson raised their price objective on shares of Comcast from $56.00 to $58.00 and gave the company a "buy" rating in a report on Thursday, June 12th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $40.98.

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.