Trilogy Capital Inc. Has $2.92 Million Stock Position in Comcast Corporation (NASDAQ:CMCSA)

Key Points

• Trilogy Capital Inc. increased its stake in Comcast Corporation by 10.6%, acquiring an additional 7,559 shares to hold a total of 79,108 shares, valued at approximately $2,919,000.
• Comcast recently reported earnings of $1.09 per share, exceeding analysts' expectations, with revenue of $29.89 billion for the quarter, a slight decrease of 0.6% year-over-year.
• The company announced a quarterly dividend of $0.33 per share, leading to an annualized dividend of $1.32 and a yield of 3.73%.

Trilogy Capital Inc. raised its position in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 10.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,108 shares of the cable giant's stock after purchasing an additional 7,559 shares during the quarter. Trilogy Capital Inc.'s holdings in Comcast were worth $2,919,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Inlight Wealth Management LLC purchased a new stake in shares of Comcast during the 1st quarter valued at about $26,000. Abound Financial LLC purchased a new stake in shares of Comcast during the 1st quarter valued at about $29,000. Retirement Wealth Solutions LLC raised its holdings in shares of Comcast by 126.9% during the 1st quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock valued at $30,000 after buying an additional 448 shares during the period. Mpwm Advisory Solutions LLC purchased a new stake in shares of Comcast during the 4th quarter valued at about $33,000. Finally, Global Wealth Strategies & Associates raised its holdings in shares of Comcast by 203.4% during the 1st quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant's stock valued at $33,000 after buying an additional 600 shares during the period. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Price Performance

NASDAQ CMCSA traded down $0.27 during trading hours on Tuesday, reaching $33.27. 11,240,854 shares of the company's stock were exchanged, compared to its average volume of 24,193,424. The stock has a market cap of $124.20 billion, a PE ratio of 8.17, a price-to-earnings-growth ratio of 1.63 and a beta of 0.95. Comcast Corporation has a one year low of $31.44 and a one year high of $45.31. The firm has a fifty day moving average of $34.97 and a 200-day moving average of $35.20. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.06.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 2nd were given a $0.33 dividend. The ex-dividend date was Wednesday, July 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.97%. Comcast's payout ratio is 32.43%.

Wall Street Analyst Weigh In

Several research firms have issued reports on CMCSA. Bernstein Bank dropped their price objective on Comcast from $38.00 to $37.00 and set a "market perform" rating on the stock in a report on Friday, April 25th. Wells Fargo & Company lowered Comcast from an "equal weight" rating to an "underweight" rating and decreased their target price for the stock from $37.00 to $31.00 in a research report on Monday, April 14th. Arete Research upgraded Comcast to a "hold" rating in a research report on Tuesday, July 8th. Rothschild & Co Redburn reduced their price objective on Comcast from $44.00 to $35.00 in a research report on Friday, June 20th. Finally, Evercore ISI cut their target price on Comcast from $44.00 to $40.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $41.13.

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.