Trek Financial LLC Buys New Position in Comcast Co. (NASDAQ:CMCSA)

Trek Financial LLC acquired a new stake in Comcast Co. (NASDAQ:CMCSA) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 6,156 shares of the cable giant’s stock, valued at approximately $233,000.

A number of other hedge funds also recently made changes to their positions in CMCSA. Corrado Advisors LLC acquired a new stake in Comcast in the fourth quarter valued at $25,000. Kalos Management Inc. acquired a new stake in shares of Comcast in the 1st quarter valued at about $28,000. NewSquare Capital LLC lifted its position in shares of Comcast by 134.3% during the first quarter. NewSquare Capital LLC now owns 752 shares of the cable giant’s stock worth $29,000 after purchasing an additional 431 shares during the last quarter. GW&K Investment Management LLC acquired a new position in shares of Comcast in the 1st quarter worth approximately $29,000. Finally, Fortis Capital Advisors LLC acquired a new position in Comcast in the fourth quarter worth $29,000. Hedge funds and other institutional investors own 82.85% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on CMCSA. Bank of America raised their price target on Comcast from $49.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, July 28th. Macquarie upgraded shares of Comcast from an “underperform” rating to a “neutral” rating and set a $46.00 price target for the company in a research report on Friday, July 28th. Barclays lifted their price objective on shares of Comcast from $42.00 to $47.00 and gave the company an “equal weight” rating in a research report on Monday, July 31st. KeyCorp upped their target price on shares of Comcast from $46.00 to $51.00 and gave the stock an “overweight” rating in a research report on Friday, July 28th. Finally, Rosenblatt Securities lifted their price target on Comcast from $39.00 to $43.00 and gave the company a “neutral” rating in a report on Monday, July 31st. Seven analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Comcast currently has an average rating of “Moderate Buy” and a consensus price target of $47.88.

Comcast Stock Performance

NASDAQ:CMCSA opened at $45.03 on Monday. The firm has a market capitalization of $185.75 billion, a PE ratio of 28.50, a PEG ratio of 1.24 and a beta of 0.99. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 1.12. Comcast Co. has a 1 year low of $28.39 and a 1 year high of $47.46. The firm’s fifty day simple moving average is $44.45 and its 200 day simple moving average is $40.77.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, July 27th. The cable giant reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.15. Comcast had a return on equity of 19.79% and a net margin of 5.40%. The company had revenue of $30.51 billion during the quarter, compared to analyst estimates of $30.11 billion. During the same period in the previous year, the company earned $1.01 earnings per share. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Comcast Co. will post 3.81 EPS for the current year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 4th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date is Tuesday, October 3rd. Comcast’s dividend payout ratio is presently 73.42%.

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, advertising sales, and Sky channels.