9,403 Shares in Comcast Co. (NASDAQ:CMCSA) Purchased by Pillar Wealth Advisors LLC

Pillar Wealth Advisors LLC bought a new stake in shares of Comcast Co. (NASDAQ:CMCSA) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 9,403 shares of the cable giant’s stock, valued at approximately $412,000.

Other large investors also recently made changes to their positions in the company. NewSquare Capital LLC grew its stake in Comcast by 94.1% in the third quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock valued at $28,000 after purchasing an additional 302 shares in the last quarter. Tennessee Valley Asset Management Partners bought a new stake in shares of Comcast in the 4th quarter valued at approximately $34,000. Lipe & Dalton acquired a new position in Comcast in the fourth quarter worth approximately $37,000. Valued Wealth Advisors LLC bought a new position in Comcast during the fourth quarter valued at approximately $44,000. Finally, Legacy Bridge LLC lifted its stake in Comcast by 358.7% in the fourth quarter. Legacy Bridge LLC now owns 1,055 shares of the cable giant’s stock valued at $46,000 after acquiring an additional 825 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on CMCSA shares. Wells Fargo & Company dropped their price target 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. Oppenheimer reaffirmed an “outperform” rating and issued a $55.00 price target on shares of Comcast in a research report on Wednesday, April 3rd. Benchmark reiterated a “buy” rating and set a $55.00 price target on shares of Comcast in a research note on Wednesday, April 10th. Evercore ISI reissued an “outperform” rating and issued a $50.00 price objective on shares of Comcast in a research note on Tuesday, March 26th. Finally, Scotiabank decreased their target price on Comcast from $50.00 to $47.25 and set a “sector perform” rating for the company in a research report on Friday. Ten equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, Comcast has an average rating of “Moderate Buy” and an average price target of $49.60.

Comcast Stock Performance

CMCSA stock traded down $0.74 during midday trading on Tuesday, hitting $38.11. The stock had a trading volume of 20,201,195 shares, compared to its average volume of 20,876,318. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.46. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.13. The stock has a 50-day simple moving average of $41.47 and a 200 day simple moving average of $42.47. The firm has a market capitalization of $151.37 billion, a price-to-earnings ratio of 10.08, a P/E/G ratio of 0.95 and a beta of 0.98.

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

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.