MGO One Seven LLC Has $3.99 Million Position in Comcast Corporation $CMCSA

MGO One Seven LLC lifted its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 2.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 111,890 shares of the cable giant’s stock after purchasing an additional 2,839 shares during the period. MGO One Seven LLC’s holdings in Comcast were worth $3,993,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Inlight Wealth Management LLC acquired a new position in shares of Comcast during the 1st quarter worth about $26,000. Global Trust Asset Management LLC increased its stake in shares of Comcast by 906.8% during the 2nd quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock worth $27,000 after purchasing an additional 671 shares during the last quarter. Cranbrook Wealth Management LLC increased its stake in shares of Comcast by 86.0% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock worth $27,000 after purchasing an additional 350 shares during the last quarter. Ransom Advisory Ltd acquired a new position in shares of Comcast during the 1st quarter worth about $29,000. Finally, Abound Financial LLC acquired a new position in shares of Comcast during the 1st quarter worth about $29,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on CMCSA. Rosenblatt Securities boosted their price objective on shares of Comcast from $37.00 to $38.00 and gave the stock a “neutral” rating in a research note on Monday, August 4th. Barclays reduced their target price on shares of Comcast from $35.00 to $34.00 and set an “equal weight” rating for the company in a report on Friday, August 1st. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Comcast from $46.00 to $44.00 and set a “buy” rating for the company in a report on Monday, October 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Comcast in a report on Saturday, September 27th. Finally, KeyCorp reduced their target price on shares of Comcast from $45.00 to $43.00 and set an “overweight” rating for the company in a report on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $39.94.

Comcast Stock Performance

NASDAQ CMCSA opened at $29.41 on Tuesday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $108.59 billion, a P/E ratio of 4.86, a P/E/G ratio of 1.74 and a beta of 0.94. Comcast Corporation has a 12-month low of $29.39 and a 12-month high of $45.31. The firm has a 50-day moving average price of $32.42 and a two-hundred day moving average price of $33.85.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) for the quarter. The firm had revenue of $30.34 billion during the quarter. Comcast had a net margin of 18.44% and a return on equity of 18.86%. Analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be issued a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $1.32 dividend on an annualized basis and a yield of 4.5%. Comcast’s payout ratio is currently 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.