Comcast Co. (NASDAQ:CMCSA) Stake Lessened by Hartford Financial Management Inc.

Hartford Financial Management Inc. decreased its position in shares of Comcast Co. (NASDAQ:CMCSA) by 73.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,579 shares of the cable giant’s stock after selling 26,275 shares during the period. Hartford Financial Management Inc.’s holdings in Comcast were worth $360,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CMCSA. Winch Advisory Services LLC increased its holdings in shares of Comcast by 269.9% in the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after buying an additional 502 shares in the last quarter. Safe Harbor Fiduciary LLC acquired a new stake in shares of Comcast during the third quarter worth $30,000. McClarren Financial Advisors Inc. lifted its holdings in shares of Comcast by 365.4% during the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 570 shares during the last quarter. Iron Horse Wealth Management LLC boosted its position in shares of Comcast by 220.3% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock valued at $32,000 after purchasing an additional 522 shares during the period. Finally, Dunhill Financial LLC increased its stake in Comcast by 54.8% in the 3rd quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock worth $34,000 after purchasing an additional 288 shares in the last quarter. 84.32% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Seaport Res Ptn upgraded Comcast from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. KeyCorp increased their price objective on Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Rosenblatt Securities reiterated a “neutral” rating and issued a $45.00 target price on shares of Comcast in a report on Wednesday, November 6th. Barclays upped their price objective on shares of Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Finally, TD Cowen decreased their target price on shares of Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Eight analysts have rated the stock with a hold rating, ten have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, Comcast currently has a consensus rating of “Moderate Buy” and a consensus target price of $46.89.

Comcast Stock Performance

Comcast stock opened at $33.25 on Friday. Comcast Co. has a 12-month low of $32.50 and a 12-month high of $47.11. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. The stock has a 50-day simple moving average of $39.01 and a 200 day simple moving average of $40.15. The stock has a market capitalization of $127.23 billion, a price-to-earnings ratio of 8.94, a P/E/G ratio of 1.36 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.08. Comcast had a net margin of 11.92% and a return on equity of 19.81%. On average, research analysts anticipate that Comcast Co. will post 4.25 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Brian L. Roberts sold 234,464 shares of Comcast stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total value of $10,002,234.24. Following the sale, the chief executive officer now directly owns 6,669,928 shares in the company, valued at $284,539,128.48. This trade represents a 3.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Michael J. Cavanagh sold 25,537 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the completion of the sale, the president now directly owns 534,849 shares in the company, valued at approximately $22,779,218.91. This represents a 4.56 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is owned by company insiders.

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.