MGO One Seven LLC Has $7.78 Million Stock Holdings in Comcast Corporation $CMCSA

MGO One Seven LLC lifted its position in Comcast Corporation (NASDAQ:CMCSA) by 14.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 260,328 shares of the cable giant’s stock after purchasing an additional 32,666 shares during the period. MGO One Seven LLC’s holdings in Comcast were worth $7,781,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of CMCSA. Cassaday & Co Wealth Management LLC boosted its holdings in Comcast by 18.5% during the fourth quarter. Cassaday & Co Wealth Management LLC now owns 17,982 shares of the cable giant’s stock valued at $537,000 after acquiring an additional 2,809 shares during the period. Allegiance Financial Group Advisory Services LLC bought a new position in shares of Comcast in the fourth quarter worth about $241,000. Sequoia Financial Advisors LLC lifted its position in shares of Comcast by 23.9% during the 4th quarter. Sequoia Financial Advisors LLC now owns 542,082 shares of the cable giant’s stock worth $16,203,000 after purchasing an additional 104,483 shares during the last quarter. Encompass More Asset Management lifted its position in shares of Comcast by 20.9% during the 4th quarter. Encompass More Asset Management now owns 19,430 shares of the cable giant’s stock worth $581,000 after purchasing an additional 3,362 shares during the last quarter. Finally, Manske Wealth Management boosted its stake in Comcast by 35.1% during the 4th quarter. Manske Wealth Management now owns 47,879 shares of the cable giant’s stock valued at $1,431,000 after purchasing an additional 12,429 shares during the period. 84.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of several recent analyst reports. UBS Group dropped their price target on Comcast from $36.00 to $32.00 and set a “neutral” rating on the stock in a research report on Friday, January 30th. BNP Paribas Exane reduced their price objective on Comcast from $26.00 to $25.00 and set an “underperform” rating for the company in a research report on Wednesday, April 8th. TD Cowen lowered their price objective on shares of Comcast from $40.00 to $39.00 and set a “buy” rating on the stock in a research note on Friday, January 30th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $29.00 target price on shares of Comcast in a research report on Thursday, April 23rd. Finally, Bank of America raised shares of Comcast from a “neutral” rating to a “buy” rating and increased their price target for the company from $31.00 to $37.00 in a report on Monday, January 12th. Eight analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $34.94.

Insider Transactions at Comcast

In other Comcast news, CEO Michael J. Cavanagh sold 57,947 shares of the business’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $32.66, for a total value of $1,892,549.02. Following the sale, the chief executive officer owned 622,336 shares of the company’s stock, valued at $20,325,493.76. The trade was a 8.52% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.40% of the stock is owned by company insiders.

Comcast Trading Down 3.2%

Comcast stock opened at $25.39 on Friday. The business has a 50 day moving average price of $29.08 and a two-hundred day moving average price of $28.93. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.01. Comcast Corporation has a 12 month low of $25.35 and a 12 month high of $36.66. The stock has a market cap of $90.71 billion, a price-to-earnings ratio of 5.00, a price-to-earnings-growth ratio of 2.11 and a beta of 0.71.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.06. The business had revenue of $31.46 billion for the quarter, compared to analysts’ expectations of $30.42 billion. Comcast had a return on equity of 15.47% and a net margin of 15.00%.Comcast’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.09 earnings per share. As a group, equities analysts forecast that Comcast Corporation will post 3.58 EPS for the current year.

About Comcast

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.