Hartford Financial Management Inc. Grows Stake in Comcast Co. (NASDAQ:CMCSA)

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Hartford Financial Management Inc. lifted its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 1.6% in the second quarter, according to its most recent filing with the SEC. The fund owned 45,591 shares of the cable giant’s stock after acquiring an additional 697 shares during the period. Hartford Financial Management Inc.’s holdings in Comcast were worth $1,928,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Commonwealth Equity Services LLC lifted its stake in Comcast by 3.1% in the second quarter. Commonwealth Equity Services LLC now owns 639,819 shares of the cable giant’s stock worth $27,051,000 after purchasing an additional 19,495 shares during the last quarter. PDS Planning Inc bought a new stake in Comcast in the first quarter worth $226,000. Cibc Bank USA lifted its stake in Comcast by 23.1% in the second quarter. Cibc Bank USA now owns 27,072 shares of the cable giant’s stock worth $1,145,000 after purchasing an additional 5,079 shares during the last quarter. Ironwood Investment Counsel LLC lifted its stake in Comcast by 0.5% in the second quarter. Ironwood Investment Counsel LLC now owns 51,524 shares of the cable giant’s stock worth $2,178,000 after purchasing an additional 243 shares during the last quarter. Finally, JGP Wealth Management LLC lifted its stake in Comcast by 1.6% in the second quarter. JGP Wealth Management LLC now owns 98,942 shares of the cable giant’s stock worth $4,183,000 after purchasing an additional 1,570 shares during the last quarter. 82.66% of the stock is owned by institutional investors.

In other Comcast news, SVP Daniel C. Murdock sold 1,701 shares of the stock in a transaction that occurred on 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.35% of the stock is owned by corporate insiders.

Several brokerages have recently commented on CMCSA. KeyCorp upped their price objective on shares of Comcast from $43.00 to $50.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. BidaskClub downgraded shares of Comcast from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. ValuEngine downgraded shares of Comcast from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Raymond James downgraded shares of Comcast from a “strong-buy” rating to an “outperform” rating and lowered their price objective for the company from $25.00 to $21.00 in a research note on Friday, June 14th. Finally, Guggenheim raised shares of Comcast from a “neutral” rating to a “buy” rating and set a $42.31 price objective for the company in a research note on Thursday, May 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $45.44.

Shares of NASDAQ CMCSA opened at $43.46 on Wednesday. The business has a 50 day moving average price of $43.39. The company has a market capitalization of $194.84 billion, a P/E ratio of 17.04, a PEG ratio of 1.18 and a beta of 1.08. Comcast Co. has a 52-week low of $32.61 and a 52-week high of $45.29. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 1.30.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, July 25th. The cable giant reported $0.78 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.03. The company had revenue of $26.86 billion for the quarter, compared to the consensus estimate of $27.08 billion. Comcast had a net margin of 11.64% and a return on equity of 17.50%. The firm’s revenue for the quarter was up 23.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.65 earnings per share. As a group, equities research analysts forecast that Comcast Co. will post 3.07 earnings per share for the current year.

Comcast Profile

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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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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