Harvest Fund Management Co. Ltd Lowers Stock Position in Comcast Co. (NASDAQ:CMCSA)

Harvest Fund Management Co. Ltd cut its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 12.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 40,924 shares of the cable giant’s stock after selling 5,656 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Comcast were worth $1,789,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in CMCSA. Wedge Capital Management L L P NC boosted its position in Comcast by 8.0% during the 3rd quarter. Wedge Capital Management L L P NC now owns 8,707 shares of the cable giant’s stock worth $386,000 after purchasing an additional 642 shares during the period. Capital Investment Advisors LLC boosted its position in Comcast by 0.7% in the 3rd quarter. Capital Investment Advisors LLC now owns 34,950 shares of the cable giant’s stock valued at $1,550,000 after buying an additional 238 shares during the last quarter. Onyx Bridge Wealth Group LLC raised its stake in shares of Comcast by 12.2% in the 3rd quarter. Onyx Bridge Wealth Group LLC now owns 8,015 shares of the cable giant’s stock valued at $355,000 after purchasing an additional 874 shares in the last quarter. Impact Partnership Wealth LLC raised its stake in shares of Comcast by 38.4% in the 3rd quarter. Impact Partnership Wealth LLC now owns 4,142 shares of the cable giant’s stock valued at $184,000 after purchasing an additional 1,150 shares in the last quarter. Finally, Founders Financial Securities LLC raised its stake in shares of Comcast by 3.6% in the 3rd quarter. Founders Financial Securities LLC now owns 47,359 shares of the cable giant’s stock valued at $2,100,000 after purchasing an additional 1,639 shares in the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, President Michael J. Cavanagh sold 114,749 shares of Comcast stock in a transaction on Monday, January 29th. The shares were sold at an average price of $46.10, for a total value of $5,289,928.90. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.18% of the company’s stock.

Comcast Stock Down 0.5 %

Shares of NASDAQ:CMCSA traded down $0.21 during trading on Tuesday, reaching $40.36. 15,322,636 shares of the company traded hands, compared to its average volume of 20,645,980. The firm has a fifty day simple moving average of $41.75 and a 200 day simple moving average of $42.66. The firm has a market cap of $160.30 billion, a P/E ratio of 10.85, a price-to-earnings-growth ratio of 0.98 and a beta of 0.98. Comcast Co. has a 1-year low of $36.38 and a 1-year high of $47.46. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.14.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, January 25th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.04. Comcast had a net margin of 12.66% and a return on equity of 19.75%. The business had revenue of $31.25 billion during the quarter, compared to analyst estimates of $30.41 billion. Analysts anticipate that Comcast Co. will post 4.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CMCSA shares. Redburn Atlantic lowered shares of Comcast from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $50.00 to $44.00 in a research note on Thursday, February 15th. Oppenheimer reiterated an “outperform” rating and set a $55.00 price objective on shares of Comcast in a research note on Wednesday, April 3rd. Wells Fargo & Company dropped their price objective on shares of Comcast from $50.00 to $47.00 and set an “equal weight” rating on the stock in a research note on Friday, April 5th. Evercore ISI reiterated an “outperform” rating and set a $50.00 price objective on shares of Comcast in a research note on Tuesday, March 26th. Finally, BNP Paribas reiterated a “neutral” rating and set a $45.00 price objective on shares of Comcast in a research note on Tuesday, April 9th. Ten equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $49.74.

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.