Comcast Corporation $CMCSA Shares Bought by MGO One Seven LLC

MGO One Seven LLC raised its stake in Comcast Corporation (NASDAQ:CMCSA) by 103.5% during the 3rd quarter, HoldingsChannel reports. The firm owned 227,662 shares of the cable giant’s stock after acquiring an additional 115,772 shares during the period. MGO One Seven LLC’s holdings in Comcast were worth $7,153,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Foster Group Inc. increased its stake in Comcast by 4.0% in the 2nd quarter. Foster Group Inc. now owns 7,418 shares of the cable giant’s stock valued at $265,000 after buying an additional 282 shares during the period. Argyle Capital Management LLC increased its stake in shares of Comcast by 0.5% during the second quarter. Argyle Capital Management LLC now owns 61,186 shares of the cable giant’s stock worth $2,184,000 after acquiring an additional 300 shares during the period. Webster Bank N. A. raised its holdings in Comcast by 2.9% during the second quarter. Webster Bank N. A. now owns 10,809 shares of the cable giant’s stock worth $386,000 after purchasing an additional 305 shares in the last quarter. Cape Investment Advisory Inc. lifted its position in Comcast by 2.6% in the second quarter. Cape Investment Advisory Inc. now owns 12,275 shares of the cable giant’s stock valued at $438,000 after purchasing an additional 307 shares during the period. Finally, Coign Capital Advisors LLC boosted its holdings in Comcast by 2.1% in the 2nd quarter. Coign Capital Advisors LLC now owns 15,919 shares of the cable giant’s stock valued at $568,000 after purchasing an additional 324 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Seaport Res Ptn downgraded Comcast from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 31st. JPMorgan Chase & Co. reduced their target price on Comcast from $38.00 to $33.00 and set a “neutral” rating for the company in a report on Friday, October 31st. Arete Research set a $23.00 price target on shares of Comcast in a research note on Tuesday, January 6th. Moffett Nathanson reduced their price objective on shares of Comcast from $58.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, November 13th. Finally, Evercore ISI decreased their price objective on shares of Comcast from $40.00 to $35.00 and set an “outperform” rating on the stock in a report on Friday, October 31st. Twelve investment analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $35.05.

Comcast Stock Up 2.4%

Shares of NASDAQ:CMCSA opened at $29.06 on Tuesday. The company has a market capitalization of $105.89 billion, a P/E ratio of 4.84, a P/E/G ratio of 1.98 and a beta of 0.81. The stock’s fifty day simple moving average is $28.04 and its 200-day simple moving average is $30.96. Comcast Corporation has a 52-week low of $25.75 and a 52-week high of $38.40. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.96.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, October 30th. The cable giant reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.02. Comcast had a net margin of 18.33% and a return on equity of 18.06%. The firm had revenue of $31.20 billion during the quarter, compared to the consensus estimate of $30.74 billion. During the same quarter in the previous year, the company posted $1.12 EPS. The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. As a group, equities research analysts forecast that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 14th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, January 14th. This represents a $1.32 annualized dividend and a dividend yield of 4.5%. Comcast’s dividend payout ratio is presently 21.96%.

Comcast Profile

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.