Pinnacle Wealth Management Advisory Group LLC Lowers Holdings in Comcast Co. (NASDAQ:CMCSA)

Pinnacle Wealth Management Advisory Group LLC trimmed its holdings in Comcast Co. (NASDAQ:CMCSA) by 4.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,138 shares of the cable giant’s stock after selling 896 shares during the quarter. Pinnacle Wealth Management Advisory Group LLC’s holdings in Comcast were worth $927,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. NBT Bank N A NY increased its position in Comcast by 11.4% in the third quarter. NBT Bank N A NY now owns 36,482 shares of the cable giant’s stock worth $1,618,000 after purchasing an additional 3,731 shares during the last quarter. Graypoint LLC grew its position in Comcast by 20.4% in the third quarter. Graypoint LLC now owns 30,341 shares of the cable giant’s stock worth $1,345,000 after acquiring an additional 5,150 shares in the last quarter. North Star Asset Management Inc. raised its position in Comcast by 1.3% during the third quarter. North Star Asset Management Inc. now owns 30,200 shares of the cable giant’s stock valued at $1,339,000 after purchasing an additional 402 shares during the period. Simmons Bank increased its position in shares of Comcast by 252.8% during the 3rd quarter. Simmons Bank now owns 42,373 shares of the cable giant’s stock valued at $1,879,000 after purchasing an additional 30,362 shares during the last quarter. Finally, SeaBridge Investment Advisors LLC lifted its position in Comcast by 0.8% in the third quarter. SeaBridge Investment Advisors LLC now owns 74,071 shares of the cable giant’s stock worth $3,284,000 after buying an additional 568 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

CMCSA traded up $0.56 during trading on Wednesday, reaching $39.05. The company’s stock had a trading volume of 21,618,699 shares, compared to its average volume of 21,088,303. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.13. The firm has a fifty day simple moving average of $41.11 and a two-hundred day simple moving average of $42.29. The company has a market cap of $153.22 billion, a price-to-earnings ratio of 10.33, a PEG ratio of 0.97 and a beta of 0.99. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.46.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results 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 firm had revenue of $30.06 billion for the quarter, compared to analysts’ expectations of $29.83 billion. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The company’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.92 EPS. As a group, analysts anticipate that Comcast Co. will post 4.21 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on CMCSA shares. BNP Paribas reissued a “neutral” rating and set a $45.00 price target on shares of Comcast in a research note on Tuesday, April 9th. Oppenheimer reiterated an “outperform” rating and set a $55.00 price objective on shares of Comcast in a report on Wednesday, April 3rd. Evercore ISI reaffirmed an “outperform” rating and set a $50.00 price target on shares of Comcast in a research note on Tuesday, March 26th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $45.00 target price on shares of Comcast in a research report on Friday, April 26th. Finally, Scotiabank lowered their price objective on shares of Comcast from $50.00 to $47.25 and set a “sector perform” rating for the company in a research note on Friday, April 26th. Ten equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Comcast currently has an average rating of “Moderate Buy” and a consensus 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.