Hartford Investment Management Co. increased its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 2.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 609,426 shares of the cable giant’s stock after purchasing an additional 17,207 shares during the period. Hartford Investment Management Co.’s holdings in Comcast were worth $25,767,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Clean Yield Group bought a new stake in Comcast during the first quarter valued at approximately $25,000. Evolution Wealth Advisors LLC bought a new stake in Comcast during the second quarter valued at approximately $26,000. Mackey Komara & Dankovich LLC bought a new stake in Comcast during the first quarter valued at approximately $27,000. Westside Investment Management Inc. bought a new stake in Comcast during the second quarter valued at approximately $34,000. Finally, Nalls Sherbakoff Group LLC bought a new stake in Comcast during the fourth quarter valued at approximately $46,000. 82.61% of the stock is owned by hedge funds and other institutional investors.
Shares of CMCSA opened at $41.99 on Monday. Comcast Co. has a twelve month low of $32.61 and a twelve month high of $45.29. The stock has a market capitalization of $193.57 billion, a P/E ratio of 16.47, a P/E/G ratio of 1.17 and a beta of 1.08. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 1.30. The company has a fifty day moving average price of $43.51.
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 24th. Stockholders of record on Wednesday, July 3rd were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date was Tuesday, July 2nd. Comcast’s payout ratio is presently 32.94%.
A number of equities analysts have weighed in on the stock. Rosenblatt Securities assumed coverage on shares of Comcast in a research report on Friday, June 14th. They issued a “buy” rating and a $50.00 price target for the company. Macquarie assumed coverage on shares of Comcast in a research report on Wednesday, June 19th. They issued a “buy” rating and a $50.00 price target for the company. TD Securities upped their price target on shares of Comcast from $50.00 to $57.00 and gave the stock a “buy” rating in a research report on Monday, April 29th. Barclays upped their price target on shares of Comcast from $44.00 to $45.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. Finally, Morgan Stanley upped their price target on shares of Comcast from $48.00 to $51.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eighteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $45.27.
In other news, SVP Daniel C. Murdock sold 1,701 shares of the company’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $41.46, for a total value of $70,523.46. Following the transaction, the senior vice president now directly owns 4,712 shares in the company, valued at $195,359.52. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.35% of the company’s stock.
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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