Pillar Wealth Advisors LLC Makes New $412,000 Investment in Comcast Co. (NASDAQ:CMCSA)

Pillar Wealth Advisors LLC acquired a new stake in Comcast Co. (NASDAQ:CMCSA) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 9,403 shares of the cable giant’s stock, valued at approximately $412,000.

A number of other institutional investors have also recently made changes to their positions in CMCSA. Everett Harris & Co. CA raised its position in Comcast by 7.7% in the 4th quarter. Everett Harris & Co. CA now owns 1,687,406 shares of the cable giant’s stock valued at $73,993,000 after purchasing an additional 121,279 shares in the last quarter. Desjardins Global Asset Management Inc. raised its holdings in Comcast by 1.5% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 101,182 shares of the cable giant’s stock valued at $4,438,000 after acquiring an additional 1,486 shares in the last quarter. Altus Wealth Group LLC raised its holdings in Comcast by 8.3% in the fourth quarter. Altus Wealth Group LLC now owns 18,761 shares of the cable giant’s stock valued at $823,000 after acquiring an additional 1,432 shares in the last quarter. PFG Advisors lifted its stake in Comcast by 28.8% in the fourth quarter. PFG Advisors now owns 23,073 shares of the cable giant’s stock worth $1,012,000 after acquiring an additional 5,159 shares during the last quarter. Finally, Hudson Bay Capital Management LP acquired a new position in Comcast during the 3rd quarter worth approximately $8,868,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on CMCSA shares. Citigroup dropped their price objective on Comcast from $53.00 to $48.00 and set a “buy” rating on the stock in a report on Monday. Rosenblatt Securities reiterated a “neutral” rating and issued a $45.00 price target on shares of Comcast in a research note on Friday. Redburn Atlantic downgraded shares of Comcast from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $50.00 to $44.00 in a research report on Thursday, February 15th. Oppenheimer reaffirmed an “outperform” rating and issued a $55.00 target price on shares of Comcast in a research report on Wednesday, April 3rd. Finally, Benchmark reiterated a “buy” rating and set a $55.00 price target on shares of Comcast in a research note on Wednesday, April 10th. Ten investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $49.60.

Comcast Price Performance

CMCSA traded down $0.74 on Tuesday, hitting $38.11. 20,201,195 shares of the company were exchanged, compared to its average volume of 20,876,318. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.46. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.59 and a current ratio of 0.59. The firm has a market capitalization of $151.37 billion, a P/E ratio of 10.08, a price-to-earnings-growth ratio of 0.95 and a beta of 0.98. The business’s fifty day moving average is $41.47 and its 200 day moving average is $42.47.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.06. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The firm had revenue of $30.06 billion for the quarter, compared to analysts’ expectations of $29.83 billion. During the same quarter in the prior year, the firm earned $0.92 EPS. Comcast’s quarterly revenue was up 1.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Comcast Co. will post 4.21 EPS 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.