Comcast Co. (NASDAQ:CMCSA) Shares Bought by Certuity LLC

Certuity LLC grew its stake in Comcast Co. (NASDAQ:CMCSA) by 756.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 68,694 shares of the cable giant’s stock after acquiring an additional 60,669 shares during the quarter. Certuity LLC’s holdings in Comcast were worth $3,012,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CMCSA. NewSquare Capital LLC grew 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 buying an additional 302 shares during the period. 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 acquiring an additional 475,675 shares during the last quarter. Tennessee Valley Asset Management Partners purchased a new position in Comcast in the fourth quarter worth approximately $34,000. Lipe & Dalton acquired a new stake in Comcast during the fourth quarter worth $37,000. Finally, Valued Wealth Advisors LLC purchased a new stake in Comcast in the 4th quarter valued at about $44,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Down 2.1 %

Shares of NASDAQ CMCSA traded down $0.80 during midday trading on Tuesday, hitting $38.05. 9,352,733 shares of the company’s stock were exchanged, compared to its average volume of 20,740,291. The firm’s fifty day simple moving average is $41.54 and its 200-day simple moving average is $42.51. The company has a market cap of $151.13 billion, a PE ratio of 10.11, a P/E/G ratio of 0.95 and a beta of 0.98. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.46. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.59 and a quick ratio of 0.59.

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

Analyst Ratings Changes

A number of brokerages have recently weighed in on CMCSA. StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. Citigroup dropped their target price on Comcast from $53.00 to $48.00 and set a “buy” rating for the company in a research report on Monday. Wells Fargo & Company reduced 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 report on Friday. Oppenheimer restated an “outperform” rating and issued a $55.00 price objective on shares of Comcast in a report on Wednesday, April 3rd. Finally, Evercore ISI reaffirmed an “outperform” rating and set a $50.00 target price on shares of Comcast in a research note on Tuesday, March 26th. Ten analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target 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.