Mach 1 Financial Group LLC Purchases 45,093 Shares of Comcast Corporation $CMCSA

Mach 1 Financial Group LLC boosted its position in Comcast Corporation (NASDAQ:CMCSA) by 486.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 54,363 shares of the cable giant’s stock after buying an additional 45,093 shares during the period. Mach 1 Financial Group LLC’s holdings in Comcast were worth $1,625,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Imprint Wealth LLC bought a new stake in Comcast in the 3rd quarter valued at $26,000. United Financial Planning Group LLC bought a new stake in Comcast in the 3rd quarter valued at $28,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in Comcast in the 4th quarter valued at $27,000. Olistico Wealth LLC bought a new stake in Comcast in the 4th quarter valued at $29,000. Finally, Richardson Financial Services Inc. boosted its stake in Comcast by 212.6% in the 4th quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 691 shares during the period. 84.32% of the stock is currently owned by institutional investors.

Comcast Price Performance

Shares of CMCSA stock opened at $24.88 on Thursday. 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 twelve month low of $24.53 and a twelve month high of $36.66. The company has a market cap of $88.88 billion, a P/E ratio of 4.90, a P/E/G ratio of 1.99 and a beta of 0.71. The business has a fifty day simple moving average of $27.96 and a 200 day simple moving average of $28.66.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.06. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The business had revenue of $31.46 billion during the quarter, compared to the consensus estimate of $30.42 billion. During the same period in the prior year, the company earned $1.09 EPS. Comcast’s revenue for the quarter was up 5.3% on a year-over-year basis. On average, sell-side analysts forecast that Comcast Corporation will post 3.58 EPS for the current fiscal year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 1st will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 5.3%. The ex-dividend date is Wednesday, July 1st. Comcast’s dividend payout ratio is currently 25.98%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CMCSA. Evercore boosted their price target on Comcast from $35.00 to $36.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. UBS Group cut their target price on Comcast from $36.00 to $32.00 and set a “neutral” rating for the company in a research report on Friday, January 30th. Citigroup upped their target price on Comcast from $33.00 to $35.50 and gave the company a “buy” rating in a research report on Friday, April 24th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Comcast in a research report on Wednesday, April 8th. Finally, Scotiabank upped their target price on Comcast from $34.00 to $36.00 and gave the company a “sector perform” rating in a research report on Friday, April 24th. Nine investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $34.79.

Comcast Company 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.