Comcast Co. (NASDAQ:CMCSA) Shares Bought by Hara Capital LLC

Hara Capital LLC raised its position in Comcast Co. (NASDAQ:CMCSA) by 45.2% during the third quarter, HoldingsChannel reports. The firm owned 8,174 shares of the cable giant’s stock after buying an additional 2,545 shares during the quarter. Hara Capital LLC’s holdings in Comcast were worth $341,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Fairscale Capital LLC purchased a new position in Comcast in the second quarter valued at approximately $26,000. Strategic Financial Concepts LLC acquired a new position in shares of Comcast in the 2nd quarter valued at $27,000. IAG Wealth Partners LLC grew its position in shares of Comcast by 204.7% in the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after buying an additional 522 shares during the last quarter. McClarren Financial Advisors Inc. raised its stake in Comcast by 365.4% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after acquiring an additional 570 shares in the last quarter. Finally, Archer Investment Corp lifted its position in Comcast by 177.1% in the second quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock valued at $32,000 after acquiring an additional 519 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Price Performance

Comcast stock traded down $0.47 during midday trading on Thursday, reaching $44.67. The company’s stock had a trading volume of 1,944,358 shares, compared to its average volume of 19,647,957. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.11. The firm has a market capitalization of $172.98 billion, a PE ratio of 12.13, a P/E/G ratio of 1.14 and a beta of 1.00. The stock’s 50 day simple moving average is $41.00 and its 200 day simple moving average is $39.66.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The firm had revenue of $32.07 billion for the quarter, compared to the consensus estimate of $31.78 billion. During the same quarter in the previous year, the firm earned $1.08 earnings per share. The firm’s revenue was up 6.5% on a year-over-year basis. On average, equities research analysts forecast that Comcast Co. will post 4.27 earnings per share for the current year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 2.78%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s payout ratio is currently 33.33%.

Analysts Set New Price Targets

A number of research firms have recently commented on CMCSA. Macquarie reiterated a “neutral” rating and set a $40.00 target price on shares of Comcast in a research report on Friday, November 1st. Pivotal Research upped their price target on shares of Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Wells Fargo & Company raised their price objective on shares of Comcast from $43.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft upped their target price on shares of Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Rosenblatt Securities reissued a “neutral” rating and set a $45.00 price target on shares of Comcast in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Comcast has an average rating of “Moderate Buy” and a consensus target price of $46.75.

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.