Comcast Co. (NASDAQ:CMCSA) Shares Sold by Mach 1 Financial Group LLC

Mach 1 Financial Group LLC reduced its stake in Comcast Co. (NASDAQ:CMCSA) by 4.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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.

Other large investors have also recently added to or reduced their stakes in the company. NewSquare Capital LLC grew its stake in shares of Comcast by 94.1% during the third quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock valued at $28,000 after acquiring an additional 302 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. grew its stake in shares of Comcast by 299.1% during the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock valued at $28,000 after acquiring an additional 475,675 shares in the last quarter. Tennessee Valley Asset Management Partners acquired a new stake in shares of Comcast during the fourth quarter valued at about $34,000. Lipe & Dalton acquired a new stake in shares of Comcast during the fourth quarter valued at about $37,000. Finally, Valued Wealth Advisors LLC acquired a new stake in shares of Comcast during the fourth quarter valued at about $44,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on CMCSA shares. Citigroup reduced their price target on shares of Comcast from $53.00 to $48.00 and set a “buy” rating on the stock in a research report on Monday. Evercore ISI reaffirmed an “outperform” rating and set a $50.00 price target on shares of Comcast in a research report on Tuesday, March 26th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Comcast from $55.00 to $53.00 in a report on Friday, April 5th. BNP Paribas reissued a “neutral” rating and issued a $45.00 target price on shares of Comcast in a report on Tuesday, April 9th. Finally, Oppenheimer reissued an “outperform” rating and issued a $55.00 target price on shares of Comcast in a report on Wednesday, April 3rd. Ten analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $49.60.

Comcast Price Performance

Comcast stock traded down $0.74 during mid-day trading on Tuesday, hitting $38.11. The company’s stock had a trading volume of 20,201,195 shares, compared to its average volume of 20,876,318. The stock’s fifty day moving average price is $41.47 and its two-hundred day moving average price is $42.47. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.46. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.13. The stock has a market capitalization of $151.37 billion, a P/E ratio of 10.08, a P/E/G ratio of 0.95 and a beta of 0.98.

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

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.