Comcast Co. (NASDAQ:CMCSA) Shares Purchased by Parthenon LLC

Parthenon LLC increased its position in shares of Comcast Co. (NASDAQ:CMCSA) by 4.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,898 shares of the cable giant’s stock after purchasing an additional 348 shares during the quarter. Parthenon LLC’s holdings in Comcast were worth $346,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. NewSquare Capital LLC raised its position in Comcast by 94.1% during the third quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock valued at $28,000 after acquiring an additional 302 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. increased its position in shares of 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 in the last quarter. Tennessee Valley Asset Management Partners purchased a new stake in shares of Comcast in the fourth quarter valued at approximately $34,000. Lipe & Dalton purchased a new stake in shares of Comcast in the fourth quarter valued at approximately $37,000. Finally, Valued Wealth Advisors LLC purchased a new stake in shares of Comcast in the fourth quarter valued at approximately $44,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Down 1.9 %

Shares of CMCSA traded down $0.74 during mid-day trading on Tuesday, reaching $38.11. The company’s stock had a trading volume of 20,201,195 shares, compared to its average volume of 20,876,318. Comcast Co. has a 12-month low of $36.43 and a 12-month high of $47.46. The stock has a market cap of $151.37 billion, a PE ratio of 10.08, a price-to-earnings-growth ratio of 0.95 and a beta of 0.98. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.59 and a quick ratio of 0.59. The company’s 50 day moving average is $41.47 and its 200 day moving average is $42.47.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.06. The business had revenue of $30.06 billion for 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 business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.92 EPS. Equities analysts anticipate that Comcast Co. will post 4.21 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on CMCSA shares. Rosenblatt Securities reiterated a “neutral” rating and set a $45.00 price target on shares of Comcast in a research report on Friday. Citigroup lowered their price objective 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. StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. Finally, Scotiabank lowered their price objective on Comcast from $50.00 to $47.25 and set a “sector perform” rating on the stock in a research note on Friday. Ten investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $49.60.

Comcast Company 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.