Mission Wealth Management LP Has $1.26 Million Stock Position in Comcast Co. (NASDAQ:CMCSA)

Mission Wealth Management LP lessened its stake in Comcast Co. (NASDAQ:CMCSA) by 2.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,761 shares of the cable giant’s stock after selling 582 shares during the quarter. Mission Wealth Management LP’s holdings in Comcast were worth $1,261,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. NewSquare Capital LLC boosted its stake in shares of Comcast by 94.1% in 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 last quarter. Leith Wheeler Investment Counsel Ltd. lifted its holdings in Comcast by 299.1% in the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock valued at $28,000 after buying an additional 475,675 shares during the period. Tennessee Valley Asset Management Partners bought a new position in Comcast in the fourth quarter valued at approximately $34,000. Lipe & Dalton acquired a new stake in Comcast during the 4th quarter worth $37,000. Finally, Valued Wealth Advisors LLC acquired a new position in shares of Comcast in the 4th quarter valued at $44,000. 84.32% of the stock is owned by institutional investors.

Comcast Stock Performance

NASDAQ CMCSA opened at $38.20 on Thursday. The firm’s 50 day simple moving average is $41.39 and its 200 day simple moving average is $42.44. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.46. The firm has a market capitalization of $151.73 billion, a price-to-earnings ratio of 10.11, a P/E/G ratio of 0.95 and a beta of 0.99. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.13.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.06. The business 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 revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.92 earnings per share. As a group, research analysts expect that Comcast Co. will post 4.21 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on CMCSA shares. Redburn Atlantic downgraded shares of Comcast from a “buy” rating to a “neutral” rating and cut their price target for the company from $50.00 to $44.00 in a research report on Thursday, February 15th. Benchmark reissued a “buy” rating and issued a $55.00 price target on shares of Comcast in a report on Wednesday, April 10th. Wells Fargo & Company dropped their price objective on Comcast from $47.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Friday, April 26th. Deutsche Bank Aktiengesellschaft cut their price objective on Comcast from $55.00 to $53.00 in a report on Friday, April 5th. Finally, Citigroup lowered their target price on Comcast from $53.00 to $48.00 and set a “buy” rating for the company in a research note on Monday. Ten analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, Comcast presently has an average rating of “Moderate Buy” and a consensus target price of $49.60.

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.