Balefire LLC Boosts Stock Holdings in Comcast Corporation (NASDAQ:CMCSA)

Balefire LLC boosted its position in Comcast Corporation (NASDAQ:CMCSA) by 7.6% in the first quarter, Holdings Channel.com reports. The firm owned 22,728 shares of the cable giant’s stock after acquiring an additional 1,606 shares during the quarter. Balefire LLC’s holdings in Comcast were worth $839,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Promus Capital LLC acquired a new position in shares of Comcast during the 4th quarter worth $25,000. Inlight Wealth Management LLC purchased a new stake in Comcast during the first quarter worth about $26,000. Retirement Wealth Solutions LLC boosted its holdings in Comcast by 126.9% during the first quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant’s stock worth $30,000 after buying an additional 448 shares in the last quarter. Mpwm Advisory Solutions LLC acquired a new position in Comcast during the fourth quarter worth about $33,000. Finally, Global Wealth Strategies & Associates increased its holdings in Comcast by 203.4% in the first 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 in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

Shares of NASDAQ CMCSA opened at $34.84 on Thursday. The company has a 50-day simple moving average of $34.55 and a 200-day simple moving average of $35.70. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.65 and a quick ratio of 0.65. The company has a market cap of $130.08 billion, a PE ratio of 8.56, a price-to-earnings-growth ratio of 1.70 and a beta of 0.95. Comcast Corporation has a 12 month low of $31.44 and a 12 month high of $45.31.

Comcast (NASDAQ:CMCSA) last announced 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. The firm had revenue of $29.89 billion for the quarter, compared to analyst estimates of $29.82 billion. Comcast had a net margin of 12.72% and a return on equity of 19.70%. Comcast’s revenue was down .6% compared to the same quarter last year. During the same quarter last year, the business earned $1.04 earnings per share. On average, equities analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date of this dividend is Wednesday, July 2nd. Comcast’s dividend payout ratio is currently 32.43%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Oppenheimer reduced their price target on shares of Comcast from $55.00 to $38.00 and set an “outperform” rating for the company in a research report on Friday, April 25th. Citigroup reduced their price objective on Comcast from $44.00 to $39.00 and set a “buy” rating for the company in a report on Friday, April 25th. BNP Paribas downgraded 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. Wall Street Zen raised Comcast from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 27th. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and set a $36.00 price target on shares of Comcast in a research note on Monday, April 28th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $42.10.

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.