Quantinno Capital Management LP Purchases 32,477 Shares of Comcast Co. (NASDAQ:CMCSA)

Quantinno Capital Management LP increased its holdings in Comcast Co. (NASDAQ:CMCSA - Free Report) by 7.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 444,250 shares of the cable giant's stock after purchasing an additional 32,477 shares during the quarter. Quantinno Capital Management LP's holdings in Comcast were worth $16,673,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in CMCSA. Mufg Securities Americas Inc. bought a new stake in Comcast in the 4th quarter worth about $2,115,000. MainStreet Investment Advisors LLC bought a new position in shares of Comcast in the fourth quarter worth approximately $2,894,000. Man Group plc boosted its stake in Comcast by 785.9% in the 4th quarter. Man Group plc now owns 2,298,755 shares of the cable giant's stock worth $86,272,000 after purchasing an additional 2,039,287 shares during the period. Nissay Asset Management Corp Japan ADV increased its holdings in shares of Comcast by 4.2% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 899,415 shares of the cable giant's stock worth $34,115,000 after purchasing an additional 35,850 shares during the last quarter. Finally, Nearwater Capital Markets Ltd purchased a new stake in Comcast during the fourth quarter valued at $17,264,000. Institutional investors and hedge funds own 84.32% of the company's stock.

Comcast Price Performance

CMCSA stock opened at $34.79 on Wednesday. Comcast Co. has a 52-week low of $31.44 and a 52-week high of $45.31. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $129.90 billion, a PE ratio of 8.38, a P/E/G ratio of 1.78 and a beta of 0.97. The stock's 50 day moving average is $34.96 and its two-hundred day moving average is $37.44.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. The business had revenue of $29.89 billion for the quarter, compared to analyst estimates of $29.82 billion. During the same quarter in the prior year, the business posted $1.04 EPS. The company's revenue for the quarter was down .6% on a year-over-year basis. Analysts predict that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on CMCSA. Argus lowered shares of Comcast from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. Citigroup reduced their target price on shares of Comcast from $44.00 to $39.00 and set a "buy" rating on the stock in a report on Friday, April 25th. The Goldman Sachs Group lowered their target price on shares of Comcast from $50.00 to $44.00 and set a "buy" rating for the company in a report on Friday, January 31st. KeyCorp decreased their price target on Comcast from $47.00 to $45.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Finally, UBS Group set a $44.50 target price on shares of Comcast in a research report on Friday, April 25th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $42.10.

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.

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