Comcast Co. (NASDAQ:CMCSA) Shares Purchased by Magnolia Capital Advisors LLC

Magnolia Capital Advisors LLC increased its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 5.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,136 shares of the cable giant’s stock after purchasing an additional 1,671 shares during the quarter. Comcast accounts for 1.1% of Magnolia Capital Advisors LLC’s holdings, making the stock its 29th largest holding. Magnolia Capital Advisors LLC’s holdings in Comcast were worth $1,499,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. NewSquare Capital LLC boosted its position in shares of Comcast by 94.1% during the 3rd quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock worth $28,000 after acquiring an additional 302 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. lifted its holdings in shares of Comcast by 299.1% in 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 last quarter. Tennessee Valley Asset Management Partners purchased a new stake in shares of Comcast in the 4th quarter valued at about $34,000. Lipe & Dalton purchased a new stake in shares of Comcast in the 4th quarter valued at about $37,000. Finally, First Personal Financial Services purchased a new stake in shares of Comcast in the 3rd quarter valued at about $39,000. 84.32% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Comcast

In other Comcast news, President Michael J. Cavanagh sold 114,749 shares of the stock in a transaction on Monday, January 29th. The stock was sold at an average price of $46.10, for a total transaction of $5,289,928.90. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.18% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on CMCSA shares. Oppenheimer reissued an “outperform” rating and issued a $55.00 target price on shares of Comcast in a report on Wednesday, April 3rd. Deutsche Bank Aktiengesellschaft reduced their target price on Comcast from $55.00 to $53.00 in a report on Friday, April 5th. StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. Benchmark reaffirmed a “buy” rating and set a $55.00 price objective on shares of Comcast in a research note on Wednesday, April 10th. Finally, BNP Paribas reaffirmed a “neutral” rating and set a $45.00 price objective on shares of Comcast in a research note on Tuesday, April 9th. Ten research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $49.74.

Comcast Price Performance

Shares of CMCSA traded down $0.15 on Wednesday, reaching $40.21. The stock had a trading volume of 19,571,827 shares, compared to its average volume of 20,632,486. The firm has a market capitalization of $159.71 billion, a PE ratio of 10.81, a PEG ratio of 0.99 and a beta of 0.98. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.14. The firm has a 50-day moving average of $41.72 and a 200 day moving average of $42.64. Comcast Co. has a twelve month low of $36.38 and a twelve month high of $47.46.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, January 25th. The cable giant reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.04. The business had revenue of $31.25 billion for the quarter, compared to analysts’ expectations of $30.41 billion. Comcast had a return on equity of 19.75% and a net margin of 12.66%. Sell-side analysts expect that Comcast Co. will post 4.23 EPS for the current year.

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.