Comcast Co. (NASDAQ:CMCSA) Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP grew its position in shares of Comcast Co. (NASDAQ:CMCSA) by 7.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 444,250 shares of the cable giant’s stock after purchasing an additional 32,477 shares during the quarter. Quantinno Capital Management LP’s holdings in Comcast were worth $16,673,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Aprio Wealth Management LLC increased its stake in Comcast by 21.7% during the 4th quarter. Aprio Wealth Management LLC now owns 12,771 shares of the cable giant’s stock valued at $479,000 after buying an additional 2,277 shares during the period. Brookstone Capital Management raised its holdings in Comcast by 7.1% during the fourth quarter. Brookstone Capital Management now owns 212,982 shares of the cable giant’s stock worth $7,993,000 after purchasing an additional 14,128 shares in the last quarter. Capital Investment Advisors LLC lifted its position in Comcast by 9.0% in the fourth quarter. Capital Investment Advisors LLC now owns 50,256 shares of the cable giant’s stock worth $1,886,000 after purchasing an additional 4,148 shares during the period. Miracle Mile Advisors LLC lifted its holdings in shares of Comcast by 21.9% in the fourth quarter. Miracle Mile Advisors LLC now owns 9,822 shares of the cable giant’s stock valued at $369,000 after buying an additional 1,764 shares during the period. Finally, First Financial Corp IN boosted its position in shares of Comcast by 8.4% during the 4th quarter. First Financial Corp IN now owns 27,497 shares of the cable giant’s stock valued at $1,032,000 after purchasing an additional 2,138 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

Shares of CMCSA stock opened at $34.79 on Wednesday. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. Comcast Co. has a 12-month low of $31.44 and a 12-month high of $45.31. The firm has a fifty day moving average of $34.96 and a 200-day moving average of $37.44. The firm has a market capitalization of $129.90 billion, a price-to-earnings ratio of 8.38, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.08. The firm had revenue of $29.89 billion during the quarter, compared to analysts’ expectations of $29.82 billion. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The company’s revenue was down .6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.04 earnings per share. On average, equities research analysts forecast that Comcast Co. will post 4.33 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. BNP Paribas lowered Comcast from a “neutral” rating to an “underperform” rating and set a $31.00 price objective for the company. in a research note on Thursday, April 10th. Scotiabank restated a “sector perform” rating and set a $44.50 price objective (down previously from $45.00) on shares of Comcast in a report on Friday, April 25th. Argus lowered shares of Comcast from a “buy” rating to a “hold” rating in a report on Tuesday, May 6th. Barclays decreased their price objective on shares of Comcast from $37.00 to $35.00 and set an “equal weight” rating for the company in a research note on Monday, April 28th. Finally, Citigroup cut their target price on shares of Comcast from $44.00 to $39.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $42.10.

Comcast 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.