Comcast Corporation (NASDAQ:CMCSA) Shares Sold by MGO One Seven LLC

Key Points

• MGO One Seven LLC reduced its stake in Comcast Corporation by 9.3%, currently holding 109,051 shares worth approximately $4 million.
• Comcast reported an earnings per share (EPS) of $1.25 for the last quarter, exceeding analysts' expectations of $1.18, with revenues also beating estimates by reaching $30.31 billion.
• The company recently announced a quarterly dividend of $0.33 per share, resulting in an annualized yield of 4.0% and a payout ratio of 32.43%.

MGO One Seven LLC reduced its stake in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 9.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 109,051 shares of the cable giant's stock after selling 11,182 shares during the period. MGO One Seven LLC's holdings in Comcast were worth $4,024,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CMCSA. Brighton Jones LLC boosted its stake in Comcast by 150.9% during the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant's stock valued at $6,240,000 after purchasing an additional 99,986 shares during the last quarter. Bryce Point Capital LLC bought a new stake in Comcast during the 4th quarter valued at $470,000. OneAscent Financial Services LLC raised its holdings in Comcast by 30.6% during the 4th quarter. OneAscent Financial Services LLC now owns 14,447 shares of the cable giant's stock valued at $542,000 after acquiring an additional 3,385 shares during the period. World Investment Advisors grew its position in shares of Comcast by 1.5% during the 4th quarter. World Investment Advisors now owns 258,466 shares of the cable giant's stock valued at $9,700,000 after purchasing an additional 3,921 shares in the last quarter. Finally, Arete Wealth Advisors LLC grew its position in shares of Comcast by 7.6% during the 4th quarter. Arete Wealth Advisors LLC now owns 50,206 shares of the cable giant's stock valued at $1,883,000 after purchasing an additional 3,531 shares in the last quarter. 84.32% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CMCSA has been the topic of a number of research analyst reports. Wells Fargo & Company cut Comcast from an "equal weight" rating to an "underweight" rating and reduced their target price for the company from $37.00 to $31.00 in a research note on Monday, April 14th. The Goldman Sachs Group decreased their price target on shares of Comcast from $44.00 to $40.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Moffett Nathanson increased their price target on shares of Comcast from $56.00 to $58.00 and gave the stock a "buy" rating in a research note on Thursday, June 12th. New Street Research decreased their target price on shares of Comcast from $44.00 to $38.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Finally, Oppenheimer dropped their target price on shares of Comcast from $55.00 to $38.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $40.77.

Comcast Trading Down 2.1%

Shares of CMCSA stock traded down $0.71 during mid-day trading on Friday, reaching $32.52. The company's stock had a trading volume of 22,392,993 shares, compared to its average volume of 19,415,812. The company's 50 day simple moving average is $34.79 and its 200-day simple moving average is $35.10. Comcast Corporation has a 12-month low of $31.44 and a 12-month high of $45.31. The company has a quick ratio of 0.65, a current ratio of 0.91 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $121.42 billion, a PE ratio of 5.38, a price-to-earnings-growth ratio of 1.58 and a beta of 0.92.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The cable giant reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.07. Comcast had a net margin of 18.44% and a return on equity of 18.86%. The firm had revenue of $30.31 billion for the quarter, compared to the consensus estimate of $29.81 billion. During the same quarter in the previous year, the firm posted $1.21 EPS. The firm's quarterly revenue was up 2.1% on a year-over-year basis. On average, research analysts predict that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 1st will be given a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $1.32 annualized dividend and a dividend yield of 4.1%. Comcast's payout ratio is presently 21.82%.

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.