DiNuzzo Private Wealth Inc. Purchases Shares of 2,806 Comcast Co. (NASDAQ:CMCSA)

DiNuzzo Private Wealth Inc. purchased a new stake in Comcast Co. (NASDAQ:CMCSA) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,806 shares of the cable giant’s stock, valued at approximately $123,000.

Other institutional investors have also recently made changes to their positions in the company. Berry Wealth Group LP acquired a new position in Comcast during the 4th quarter worth approximately $2,804,000. Pillar Wealth Advisors LLC acquired a new position in Comcast during the 4th quarter worth approximately $412,000. Parthenon LLC raised its stake in Comcast by 4.6% during the 4th quarter. Parthenon LLC now owns 7,898 shares of the cable giant’s stock worth $346,000 after buying an additional 348 shares during the period. Hartford Funds Management Co LLC raised its stake in Comcast by 39.6% during the 4th quarter. Hartford Funds Management Co LLC now owns 13,169 shares of the cable giant’s stock worth $577,000 after buying an additional 3,734 shares during the period. Finally, Savant Capital LLC raised its stake in Comcast by 8.3% during the 4th quarter. Savant Capital LLC now owns 126,225 shares of the cable giant’s stock worth $5,535,000 after buying an additional 9,714 shares during the period. Institutional investors own 84.32% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on CMCSA shares. Citigroup dropped their price target on Comcast from $53.00 to $48.00 and set a “buy” rating on the stock in a research note on Monday. Deutsche Bank Aktiengesellschaft lowered their price objective on Comcast from $55.00 to $53.00 in a research note on Friday, April 5th. Redburn Atlantic downgraded Comcast from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $50.00 to $44.00 in a research note on Thursday, February 15th. StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, March 22nd. Finally, Evercore ISI reaffirmed an “outperform” rating and issued a $50.00 target price on shares of Comcast in a report on Tuesday, March 26th. Ten analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $49.60.

Comcast Stock Up 0.2 %

Comcast stock traded up $0.09 during trading hours on Wednesday, hitting $38.20. 9,418,323 shares of the stock traded hands, compared to its average volume of 20,735,469. The firm’s 50-day moving average price is $41.47 and its two-hundred day moving average price is $42.47. 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 company has a market cap of $151.73 billion, a PE ratio of 10.13, a PEG ratio of 0.97 and a beta of 0.98. Comcast Co. has a one year low of $36.43 and a one year high of $47.46.

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

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.