Harrell Investment Partners LLC Reduces Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Harrell Investment Partners LLC reduced its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 1.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 94,042 shares of the cable giant’s stock after selling 1,616 shares during the period. Harrell Investment Partners LLC’s holdings in Comcast were worth $3,529,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Winch Advisory Services LLC raised its stake in Comcast by 269.9% during the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after purchasing an additional 502 shares during the period. 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 valued at $30,000 after purchasing an additional 570 shares during the period. Safe Harbor Fiduciary LLC bought a new stake in Comcast during the 3rd quarter valued at approximately $30,000. Iron Horse Wealth Management LLC raised its stake in Comcast by 220.3% during 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 raised its stake in Comcast by 54.8% during the 3rd quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock valued at $34,000 after purchasing an additional 288 shares during the period. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Trading Up 0.4 %

Shares of NASDAQ CMCSA opened at $37.62 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a market capitalization of $143.95 billion, a P/E ratio of 10.11, a price-to-earnings-growth ratio of 1.35 and a beta of 1.01. Comcast Co. has a 1-year low of $36.15 and a 1-year high of $47.11. The business has a fifty day moving average price of $39.31 and a 200 day moving average price of $40.14.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The company had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. During the same period in the prior year, the company posted $1.08 EPS. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. Equities research analysts expect that Comcast Co. will post 4.25 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. StockNews.com raised Comcast from a “buy” rating to a “strong-buy” rating in a research note on Friday, January 17th. Morgan Stanley downgraded Comcast from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $48.00 to $45.00 in a research note on Monday, December 16th. Macquarie reaffirmed a “neutral” rating and issued a $42.00 price objective on shares of Comcast in a research note on Monday, January 6th. Evercore ISI raised Comcast to a “strong-buy” rating in a research note on Thursday, November 21st. Finally, Loop Capital reduced their price objective on Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $47.33.

Insider Activity at Comcast

In other news, CEO Brian L. Roberts sold 234,464 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total value of $10,002,234.24. Following the completion of the transaction, 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President Michael J. Cavanagh sold 25,537 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total value of $1,087,620.83. Following the completion of the transaction, the president now owns 534,849 shares of the company’s stock, valued at approximately $22,779,218.91. The trade was a 4.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by corporate insiders.

Comcast Company 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.