Hartford Financial Management Inc. Raises Stock Position in Comcast Co. (NASDAQ:CMCSA)

Hartford Financial Management Inc. grew its position in shares of Comcast Co. (NASDAQ:CMCSAFree Report) by 1.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,349 shares of the cable giant’s stock after purchasing an additional 590 shares during the period. Hartford Financial Management Inc.’s holdings in Comcast were worth $1,359,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Capital World Investors raised its stake in shares of Comcast by 17.0% during the fourth quarter. Capital World Investors now owns 107,773,317 shares of the cable giant’s stock valued at $4,725,926,000 after acquiring an additional 15,625,543 shares in the last quarter. Norges Bank bought a new stake in shares of Comcast during the fourth quarter valued at approximately $2,542,988,000. Northern Trust Corp raised its stake in shares of Comcast by 0.3% during the third quarter. Northern Trust Corp now owns 46,019,891 shares of the cable giant’s stock valued at $2,040,522,000 after acquiring an additional 141,874 shares in the last quarter. Harris Associates L P raised its stake in shares of Comcast by 10.9% during the fourth quarter. Harris Associates L P now owns 18,873,787 shares of the cable giant’s stock valued at $827,616,000 after acquiring an additional 1,854,671 shares in the last quarter. Finally, LSV Asset Management raised its stake in shares of Comcast by 3.8% during the fourth quarter. LSV Asset Management now owns 15,688,650 shares of the cable giant’s stock valued at $687,947,000 after acquiring an additional 570,050 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on CMCSA. Benchmark reissued a “buy” rating and set a $55.00 price objective on shares of Comcast in a report on Monday, May 13th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Comcast from $55.00 to $53.00 in a report on Friday, April 5th. Citigroup cut their price target on shares of Comcast from $53.00 to $48.00 and set a “buy” rating on the stock in a report on Monday, April 29th. Oppenheimer reaffirmed an “outperform” rating and issued a $55.00 price target on shares of Comcast in a report on Wednesday, April 3rd. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and issued a $45.00 price target on shares of Comcast in a report on Friday, April 26th. Ten research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $49.33.

Read Our Latest Stock Analysis on CMCSA

Comcast Trading Down 0.2 %

Shares of Comcast stock traded down $0.06 during mid-day trading on Monday, hitting $39.21. The stock had a trading volume of 12,533,366 shares, compared to its average volume of 20,731,344. The firm has a 50-day moving average of $40.54 and a two-hundred day moving average of $42.14. Comcast Co. has a 12-month low of $36.43 and a 12-month high of $47.46. 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 market cap of $153.85 billion, a P/E ratio of 10.37, a price-to-earnings-growth ratio of 0.98 and a beta of 0.99.

Comcast (NASDAQ:CMCSAGet Free Report) last posted its quarterly earnings data on Thursday, April 25th. The cable giant reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.06. The firm had revenue of $30.06 billion during 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 firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the company posted $0.92 EPS. Sell-side analysts forecast that Comcast Co. will post 4.21 earnings per share for the current year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Wednesday, July 3rd will be issued a dividend of $0.31 per share. The ex-dividend date is Wednesday, July 3rd. This represents a $1.24 dividend on an annualized basis and a yield of 3.16%. Comcast’s dividend payout ratio (DPR) is presently 32.80%.

Comcast Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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