Hartford Investment Management Co. trimmed its position in shares of Comcast Co. (NASDAQ:CMCSA) by 7.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 563,060 shares of the cable giant’s stock after selling 46,366 shares during the quarter. Hartford Investment Management Co.’s holdings in Comcast were worth $25,383,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of CMCSA. Livingston Group Asset Management CO operating as Southport Capital Management raised its holdings in shares of Comcast by 3.3% in the third quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 25,176 shares of the cable giant’s stock worth $1,135,000 after acquiring an additional 798 shares during the last quarter. CWH Capital Management Inc. raised its holdings in shares of Comcast by 0.7% in the third quarter. CWH Capital Management Inc. now owns 169,015 shares of the cable giant’s stock worth $7,619,000 after acquiring an additional 1,095 shares during the last quarter. 1 North Wealth Services LLC acquired a new position in shares of Comcast in the third quarter worth $1,132,000. Brighton Jones LLC raised its holdings in shares of Comcast by 1.7% in the third quarter. Brighton Jones LLC now owns 94,138 shares of the cable giant’s stock worth $4,244,000 after acquiring an additional 1,559 shares during the last quarter. Finally, Guinness Asset Management Ltd raised its holdings in shares of Comcast by 8.4% in the third quarter. Guinness Asset Management Ltd now owns 175,370 shares of the cable giant’s stock worth $7,906,000 after acquiring an additional 13,520 shares during the last quarter. Institutional investors own 82.82% of the company’s stock.
In related news, SVP Daniel C. Murdock sold 848 shares of the stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $44.23, for a total value of $37,507.04. Following the completion of the transaction, the senior vice president now owns 3,419 shares of the company’s stock, valued at $151,222.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kenneth J. Bacon sold 4,000 shares of the stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $45.03, for a total value of $180,120.00. Following the completion of the transaction, the director now directly owns 29,603 shares of the company’s stock, valued at approximately $1,333,023.09. The disclosure for this sale can be found here. Corporate insiders own 1.35% of the company’s stock.
Several equities analysts recently commented on CMCSA shares. ValuEngine lowered Comcast from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 2nd. Citigroup upped their target price on Comcast from $50.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Goldman Sachs Group upgraded Comcast from a “neutral” rating to a “buy” rating and upped their target price for the company from $44.00 to $54.00 in a research note on Wednesday, July 10th. BidaskClub upgraded Comcast from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. Finally, Cfra set a $50.00 target price on Comcast and gave the company a “buy” rating in a research note on Wednesday, August 21st. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $50.41.
Shares of NASDAQ CMCSA traded down $0.21 on Monday, hitting $45.44. The company had a trading volume of 1,070,146 shares, compared to its average volume of 14,283,806. Comcast Co. has a 12-month low of $32.61 and a 12-month high of $47.27. The business has a 50 day moving average of $45.61 and a two-hundred day moving average of $43.57. The company has a quick ratio of 0.69, a current ratio of 0.86 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $203.80 billion, a P/E ratio of 17.82, a PEG ratio of 1.23 and a beta of 1.08.
Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, October 24th. The cable giant reported $0.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.04. Comcast had a return on equity of 17.97% and a net margin of 11.45%. The company had revenue of $26.83 billion during the quarter, compared to the consensus estimate of $26.77 billion. During the same quarter in the prior year, the business earned $0.65 earnings per share. The company’s revenue was up 21.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Comcast Co. will post 3.06 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date is Tuesday, January 7th. Comcast’s dividend payout ratio is currently 32.94%.
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.
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