Mach 1 Financial Group LLC Has $2.05 Million Position in Comcast Co. (NASDAQ:CMCSA)

Mach 1 Financial Group LLC lessened its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 4.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 46,660 shares of the cable giant’s stock after selling 1,950 shares during the period. Mach 1 Financial Group LLC’s holdings in Comcast were worth $2,046,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of CMCSA. Brookstone Capital Management raised its holdings in Comcast by 8.4% during the third quarter. Brookstone Capital Management now owns 148,778 shares of the cable giant’s stock worth $6,408,000 after buying an additional 11,489 shares during the last quarter. Corundum Trust Company INC acquired a new position in Comcast during the third quarter worth $210,000. Edmp Inc. raised its holdings in Comcast by 7.1% during the third quarter. Edmp Inc. now owns 24,187 shares of the cable giant’s stock worth $1,072,000 after buying an additional 1,612 shares during the last quarter. Accurate Wealth Management LLC raised its holdings in Comcast by 17.9% during the third quarter. Accurate Wealth Management LLC now owns 14,466 shares of the cable giant’s stock worth $642,000 after buying an additional 2,193 shares during the last quarter. Finally, Vicus Capital raised its holdings in Comcast by 133.4% during the third quarter. Vicus Capital now owns 14,001 shares of the cable giant’s stock worth $621,000 after buying an additional 8,002 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Performance

NASDAQ:CMCSA traded down $0.74 on Tuesday, reaching $38.11. 20,201,195 shares of the company’s stock were exchanged, compared to its average volume of 20,876,318. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.59 and a quick ratio of 0.59. The firm has a market cap of $151.37 billion, a price-to-earnings ratio of 10.08, a P/E/G ratio of 0.95 and a beta of 0.98. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.46. The stock has a fifty day simple moving average of $41.47 and a 200-day simple moving average of $42.47.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.06. The firm had revenue of $30.06 billion during the quarter, compared to analyst estimates of $29.83 billion. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The company’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the business earned $0.92 earnings per share. As a group, sell-side analysts predict that Comcast Co. will post 4.21 earnings per share for the current year.

Wall Street Analyst Weigh In

CMCSA has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Comcast from $55.00 to $53.00 in a report on Friday, April 5th. StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, March 22nd. Rosenblatt Securities reiterated a “neutral” rating and issued a $45.00 target price on shares of Comcast in a report on Friday. Scotiabank lowered their target price on shares of Comcast from $50.00 to $47.25 and set a “sector perform” rating for the company in a report on Friday. Finally, Oppenheimer reiterated an “outperform” rating and issued a $55.00 target price on shares of Comcast in a report on Wednesday, April 3rd. Ten research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $49.60.

Comcast 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.