Magnus Financial Group LLC Lowers Stock Position in Comcast Co. (NASDAQ:CMCSA)

Magnus Financial Group LLC trimmed its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 4.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,334 shares of the cable giant’s stock after selling 291 shares during the period. Magnus Financial Group LLC’s holdings in Comcast were worth $278,000 as of its most recent filing with the Securities and Exchange Commission.

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

Comcast Stock Up 0.7 %

Shares of NASDAQ CMCSA opened at $38.85 on Tuesday. The stock has a market capitalization of $154.31 billion, a PE ratio of 10.28, a P/E/G ratio of 0.95 and a beta of 0.98. 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 firm has a fifty day moving average of $41.54 and a 200-day moving average of $42.51. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.46.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.06. The firm had revenue of $30.06 billion during the quarter, compared to the consensus estimate of $29.83 billion. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.92 earnings per share. On average, analysts anticipate that Comcast Co. will post 4.21 EPS for the current year.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of a number of research reports. Wells Fargo & Company lowered their price objective on shares of Comcast from $47.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Friday. Redburn Atlantic lowered Comcast from a “buy” rating to a “neutral” rating and reduced their target price for the company from $50.00 to $44.00 in a research note on Thursday, February 15th. Deutsche Bank Aktiengesellschaft dropped their price target on Comcast from $55.00 to $53.00 in a research report on Friday, April 5th. StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. Finally, Scotiabank cut their target price on shares of Comcast from $50.00 to $47.25 and set a “sector perform” rating for the company in a research note on Friday. Ten research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, Comcast currently has a consensus rating of “Moderate Buy” and an average target price of $49.60.

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.