Magnolia Capital Advisors LLC Buys 1,671 Shares of Comcast Co. (NASDAQ:CMCSA)

Magnolia Capital Advisors LLC lifted its stake in Comcast Co. (NASDAQ:CMCSA) by 5.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,136 shares of the cable giant’s stock after buying an additional 1,671 shares during the quarter. Comcast comprises 1.1% of Magnolia Capital Advisors LLC’s portfolio, making the stock its 29th biggest holding. Magnolia Capital Advisors LLC’s holdings in Comcast were worth $1,499,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. NewSquare Capital LLC raised its stake in Comcast by 94.1% during the 3rd quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock valued at $28,000 after purchasing an additional 302 shares during the period. Leith Wheeler Investment Counsel Ltd. raised its stake in Comcast by 299.1% during the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock valued at $28,000 after purchasing an additional 475,675 shares during the period. Tennessee Valley Asset Management Partners bought a new stake in Comcast during the 4th quarter valued at approximately $34,000. Lipe & Dalton bought a new stake in Comcast in the 4th quarter worth approximately $37,000. Finally, First Personal Financial Services bought a new stake in Comcast in the 3rd quarter worth approximately $39,000. Institutional investors own 84.32% of the company’s stock.

Insider Buying and Selling at Comcast

In other Comcast news, President Michael J. Cavanagh sold 114,749 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $46.10, for a total transaction of $5,289,928.90. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.18% of the company’s stock.

Comcast Stock Down 0.4 %

Shares of CMCSA traded down $0.15 during trading hours on Wednesday, hitting $40.21. The company had a trading volume of 19,571,827 shares, compared to its average volume of 20,632,486. The company’s fifty day moving average price is $41.72 and its two-hundred day moving average price is $42.64. Comcast Co. has a one year low of $36.38 and a one year high of $47.46. The company has a market capitalization of $159.71 billion, a PE ratio of 10.81, a price-to-earnings-growth ratio of 0.99 and a beta of 0.98. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.14.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, January 25th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.04. Comcast had a return on equity of 19.75% and a net margin of 12.66%. The company had revenue of $31.25 billion for the quarter, compared to analyst estimates of $30.41 billion. As a group, equities analysts forecast that Comcast Co. will post 4.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on CMCSA shares. Deutsche Bank Aktiengesellschaft reduced their price objective on Comcast from $55.00 to $53.00 in a research note on Friday, April 5th. Wells Fargo & Company reduced their price objective on Comcast from $50.00 to $47.00 and set an “equal weight” rating on the stock in a research note on Friday, April 5th. StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, March 22nd. Oppenheimer reiterated an “outperform” rating and issued a $55.00 target price on shares of Comcast in a report on Wednesday, April 3rd. Finally, Benchmark reiterated a “buy” rating and issued a $55.00 target price on shares of Comcast in a report on Wednesday, April 10th. Ten research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $49.74.

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.