Mach 1 Financial Group LLC Has $1.63 Million Position in Comcast Corporation $CMCSA

Mach 1 Financial Group LLC lifted its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 486.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,363 shares of the cable giant’s stock after purchasing an additional 45,093 shares during the quarter. Mach 1 Financial Group LLC’s holdings in Comcast were worth $1,625,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Hi Line Capital Management LLC raised its position in Comcast by 5.4% in the 4th quarter. Hi Line Capital Management LLC now owns 261,485 shares of the cable giant’s stock valued at $7,816,000 after buying an additional 13,442 shares during the last quarter. Sierra Summit Advisors LLC acquired a new stake in Comcast in the 4th quarter valued at approximately $1,029,000. Leonteq Securities AG acquired a new stake in Comcast in the 4th quarter valued at approximately $638,000. ABN Amro Investment Solutions raised its position in Comcast by 55.8% in the 4th quarter. ABN Amro Investment Solutions now owns 285,430 shares of the cable giant’s stock valued at $8,532,000 after buying an additional 102,276 shares during the last quarter. Finally, IFP Advisors Inc raised its position in Comcast by 11.6% in the 4th quarter. IFP Advisors Inc now owns 52,666 shares of the cable giant’s stock valued at $1,574,000 after buying an additional 5,480 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Performance

Shares of NASDAQ CMCSA opened at $24.88 on Thursday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.01. Comcast Corporation has a 12 month low of $24.53 and a 12 month high of $36.66. The stock has a 50 day moving average of $27.96 and a 200-day moving average of $28.66. The company has a market capitalization of $88.88 billion, a P/E ratio of 4.90, a P/E/G ratio of 1.99 and a beta of 0.71.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, April 23rd. The cable giant reported $0.79 EPS for the quarter, topping the consensus estimate of $0.73 by $0.06. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The company had revenue of $31.46 billion during the quarter, compared to the consensus estimate of $30.42 billion. During the same period in the previous year, the company posted $1.09 EPS. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. As a group, equities research analysts predict that Comcast Corporation will post 3.58 EPS for the current year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 1st will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 5.3%. The ex-dividend date is Wednesday, July 1st. Comcast’s payout ratio is currently 25.98%.

Wall Street Analyst Weigh In

CMCSA has been the topic of a number of recent research reports. Scotiabank lifted their target price on Comcast from $34.00 to $36.00 and gave the company a “sector perform” rating in a research report on Friday, April 24th. Morgan Stanley lifted their target price on Comcast from $31.00 to $33.00 and gave the company an “equal weight” rating in a research report on Friday, April 24th. KeyCorp reissued a “sector weight” rating on shares of Comcast in a research report on Thursday, April 23rd. Zacks Research raised Comcast from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 31st. Finally, Rosenblatt Securities restated a “neutral” rating and issued a $30.00 price target on shares of Comcast in a research note on Friday, January 30th. Nine equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Comcast presently has an average rating of “Hold” and a consensus target price of $34.79.

About Comcast

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.