True Link Financial Advisors LLC Invests $274,000 in Comcast Corporation (NASDAQ:CMCSA)

True Link Financial Advisors LLC acquired a new position in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 7,414 shares of the cable giant's stock, valued at approximately $274,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Promus Capital LLC bought a new stake in shares of Comcast in the 4th quarter valued at about $25,000. Retirement Wealth Solutions LLC grew its position in shares of Comcast by 126.9% in 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 last quarter. Mpwm Advisory Solutions LLC bought a new stake in shares of Comcast in the 4th quarter valued at about $33,000. Global Wealth Strategies & Associates boosted its position 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 purchasing an additional 600 shares in the last quarter. Finally, Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of Comcast during the 4th quarter valued at about $36,000. Institutional investors own 84.32% of the company's stock.

Comcast Stock Performance

NASDAQ:CMCSA traded up $0.27 during trading hours on Friday, reaching $34.53. The stock had a trading volume of 42,690,031 shares, compared to its average volume of 22,079,864. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a 50 day simple moving average of $34.50 and a 200 day simple moving average of $35.86. Comcast Corporation has a 12-month low of $31.44 and a 12-month high of $45.31. The stock has a market cap of $128.92 billion, a P/E ratio of 8.48, a price-to-earnings-growth ratio of 1.67 and a beta of 0.95.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.08. Comcast had a return on equity of 19.70% and a net margin of 12.72%. The business had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $29.82 billion. During the same period last year, the business posted $1.04 earnings per share. The business's revenue for the quarter was down .6% on a year-over-year basis. On average, research analysts forecast that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date of this dividend is Wednesday, July 2nd. Comcast's payout ratio is currently 32.43%.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of several research analyst reports. Wall Street Zen upgraded Comcast from a "buy" rating to a "strong-buy" rating in a research report on Thursday, February 27th. BNP Paribas lowered Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 target price on the stock. in a research report on Thursday, April 10th. UBS Group set a $44.50 target price on Comcast in a research report on Friday, April 25th. Scotiabank restated a "sector perform" rating and set a $44.50 target price (down previously from $45.00) on shares of Comcast in a research report on Friday, April 25th. Finally, Oppenheimer cut their target price on Comcast from $55.00 to $38.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $42.10.

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.