TFB Advisors LLC Has $366,000 Stock Holdings in Comcast Corporation $CMCSA

TFB Advisors LLC decreased its position in Comcast Corporation (NASDAQ:CMCSA) by 3.4% during the first quarter, HoldingsChannel reports. The firm owned 9,918 shares of the cable giant’s stock after selling 348 shares during the quarter. TFB Advisors LLC’s holdings in Comcast were worth $366,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of CMCSA. Nuveen LLC acquired a new position in Comcast during the 1st quarter worth $940,015,000. Pacer Advisors Inc. lifted its holdings in shares of Comcast by 1,959.3% during the first quarter. Pacer Advisors Inc. now owns 13,228,732 shares of the cable giant’s stock worth $488,140,000 after buying an additional 12,586,329 shares during the last quarter. KBC Group NV grew its stake in shares of Comcast by 724.7% in the first quarter. KBC Group NV now owns 10,160,649 shares of the cable giant’s stock worth $374,927,000 after acquiring an additional 8,928,641 shares during the last quarter. Ameriprise Financial Inc. increased its position in Comcast by 12.0% during the fourth quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant’s stock worth $1,890,027,000 after acquiring an additional 5,402,377 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Comcast by 16.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 35,356,027 shares of the cable giant’s stock valued at $1,326,912,000 after purchasing an additional 4,991,891 shares during the last quarter. 84.32% of the stock is owned by institutional investors.

Comcast Price Performance

NASDAQ:CMCSA opened at $33.29 on Thursday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.99. The firm has a market cap of $122.91 billion, a PE ratio of 5.50, a price-to-earnings-growth ratio of 2.03 and a beta of 0.92. Comcast Corporation has a 12 month low of $31.03 and a 12 month high of $45.31. The company’s 50-day moving average price is $34.26 and its two-hundred day moving average price is $34.76.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, July 31st. The cable giant reported $1.25 EPS for the quarter, topping the consensus estimate of $1.18 by $0.07. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The business had revenue of $30.31 billion for the quarter, compared to the consensus estimate of $29.81 billion. During the same period in the previous year, the business earned $1.21 EPS. Comcast’s revenue was up 2.1% compared to the same quarter last year. On average, equities analysts anticipate that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be issued a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.0%. Comcast’s dividend payout ratio (DPR) is currently 21.82%.

Wall Street Analyst Weigh In

CMCSA has been the subject of several research reports. Rothschild & Co Redburn reduced their target price on shares of Comcast from $44.00 to $35.00 in a research note on Friday, June 20th. Rosenblatt Securities upped their target price on Comcast from $37.00 to $38.00 and gave the company a “neutral” rating in a research note on Monday, August 4th. Benchmark reaffirmed a “buy” rating on shares of Comcast in a research report on Friday, July 18th. JPMorgan Chase & Co. lowered their price target on shares of Comcast from $39.00 to $37.00 and set a “neutral” rating on the stock in a report on Friday, April 25th. Finally, Scotiabank raised their price objective on shares of Comcast from $44.50 to $45.00 and gave the stock a “sector perform” rating in a report on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $40.73.

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.