MGO One Seven LLC Acquires 7,594 Shares of Comcast Co. (NASDAQ:CMCSA)

MGO One Seven LLC increased its holdings in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 6.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 120,233 shares of the cable giant's stock after acquiring an additional 7,594 shares during the quarter. MGO One Seven LLC's holdings in Comcast were worth $4,512,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CMCSA. Promus Capital LLC acquired a new stake in Comcast in the 4th quarter valued at approximately $25,000. Winch Advisory Services LLC boosted its position in Comcast by 269.9% during the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant's stock worth $26,000 after acquiring an additional 502 shares during the period. Roxbury Financial LLC acquired a new position in Comcast during the 4th quarter worth $27,000. Wingate Wealth Advisors Inc. acquired a new position in Comcast during the 4th quarter worth $28,000. Finally, Noble Wealth Management PBC acquired a new position in Comcast during the 4th quarter worth $38,000. Institutional investors and hedge funds own 84.32% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on CMCSA shares. UBS Group set a $44.50 price objective on Comcast in a report on Friday. Wells Fargo & Company lowered Comcast from an "equal weight" rating to an "underweight" rating and cut their price objective for the company from $37.00 to $31.00 in a report on Monday, April 14th. Citigroup reduced their target price on Comcast from $44.00 to $39.00 and set a "buy" rating for the company in a report on Friday. The Goldman Sachs Group decreased their price target on Comcast from $50.00 to $44.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Finally, Scotiabank reiterated a "sector perform" rating and issued a $44.50 price target (down previously from $45.00) on shares of Comcast in a research report on Friday. Two analysts have rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $42.10.

Comcast Stock Performance

Shares of CMCSA stock traded up $0.13 during trading on Tuesday, reaching $33.90. The company had a trading volume of 7,161,589 shares, compared to its average volume of 21,786,834. The firm's 50 day simple moving average is $35.30 and its two-hundred day simple moving average is $37.98. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. Comcast Co. has a one year low of $31.44 and a one year high of $45.31. The company has a market capitalization of $128.16 billion, a PE ratio of 8.17, a PEG ratio of 1.78 and a beta of 0.94.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The business had revenue of $29.89 billion for the quarter, compared to the consensus estimate of $29.82 billion. During the same period last year, the business earned $1.04 EPS. The firm's revenue was down .6% compared to the same quarter last year. Sell-side analysts forecast that Comcast Co. will post 4.33 earnings per share for the current year.

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, sky-branded entertainment television networks, and advertising.