Comcast Co. (NASDAQ:CMCSA) Shares Sold by Harrell Investment Partners LLC

Harrell Investment Partners LLC trimmed its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 1.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,042 shares of the cable giant’s stock after selling 1,616 shares during the quarter. Harrell Investment Partners LLC’s holdings in Comcast were worth $3,529,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company boosted its position in shares of Comcast by 3.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,338,254 shares of the cable giant’s stock valued at $169,886,000 after purchasing an additional 159,194 shares during the period. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Comcast in the 2nd quarter valued at about $3,587,000. Kathmere Capital Management LLC boosted its position in shares of Comcast by 18.0% in the 2nd quarter. Kathmere Capital Management LLC now owns 13,174 shares of the cable giant’s stock valued at $516,000 after purchasing an additional 2,010 shares during the period. SkyView Investment Advisors LLC boosted its position in shares of Comcast by 14.9% in the 2nd quarter. SkyView Investment Advisors LLC now owns 11,821 shares of the cable giant’s stock valued at $463,000 after purchasing an additional 1,532 shares during the period. Finally, Bontempo Ohly Capital Mgmt LLC boosted its position in shares of Comcast by 0.8% in the 2nd quarter. Bontempo Ohly Capital Mgmt LLC now owns 96,370 shares of the cable giant’s stock valued at $3,774,000 after purchasing an additional 734 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Comcast

In related news, President Michael J. Cavanagh sold 25,537 shares of Comcast 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 directly owns 534,849 shares in the company, valued at approximately $22,779,218.91. This trade represents a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 completion of the transaction, the chief executive officer now owns 6,669,928 shares of the company’s stock, valued at approximately $284,539,128.48. The trade was a 3.40 % 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.

Analyst Ratings Changes

A number of analysts recently issued reports on CMCSA shares. Deutsche Bank Aktiengesellschaft upped their target price on Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Barclays upped their price objective on Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Loop Capital reduced their price objective on Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, January 2nd. StockNews.com raised Comcast from a “buy” rating to a “strong-buy” rating in a research note on Friday, January 17th. Finally, Pivotal Research upped their price objective on Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $47.33.

Comcast Price Performance

CMCSA stock opened at $37.62 on Friday. Comcast Co. has a 52-week low of $36.15 and a 52-week high of $47.11. The stock’s fifty day simple moving average is $39.31 and its 200-day simple moving average is $40.14. 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 market capitalization of $143.95 billion, a price-to-earnings ratio of 10.11, a price-to-earnings-growth ratio of 1.35 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, topping 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 business had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. During the same period last year, the company posted $1.08 EPS. The business’s quarterly revenue was up 6.5% on a year-over-year basis. Equities research analysts expect that Comcast Co. will post 4.25 EPS for the current year.

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.