Hartford Financial Management Inc. Sells 26,275 Shares of Comcast Co. (NASDAQ:CMCSA)

Hartford Financial Management Inc. lowered its position in shares of Comcast Co. (NASDAQ:CMCSA) by 73.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,579 shares of the cable giant’s stock after selling 26,275 shares during the quarter. Hartford Financial Management Inc.’s holdings in Comcast were worth $360,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Sonora Investment Management Group LLC increased its stake in Comcast by 8.9% during the 4th quarter. Sonora Investment Management Group LLC now owns 8,169 shares of the cable giant’s stock worth $307,000 after acquiring an additional 670 shares during the period. Oak Harvest Investment Services grew its holdings in shares of Comcast by 6.6% during the 4th quarter. Oak Harvest Investment Services now owns 164,008 shares of the cable giant’s stock worth $6,155,000 after purchasing an additional 10,158 shares in the last quarter. Cibc World Market Inc. increased its position in shares of Comcast by 32.4% in the fourth quarter. Cibc World Market Inc. now owns 1,141,893 shares of the cable giant’s stock worth $42,855,000 after purchasing an additional 279,750 shares during the period. Crews Bank & Trust acquired a new position in Comcast in the fourth quarter valued at about $307,000. Finally, Cairn Investment Group Inc. lifted its position in Comcast by 1.2% during the fourth quarter. Cairn Investment Group Inc. now owns 101,450 shares of the cable giant’s stock worth $3,807,000 after purchasing an additional 1,160 shares during the period. Institutional investors own 84.32% of the company’s stock.

Insider Activity

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

Comcast Trading Down 11.0 %

Shares of Comcast stock opened at $33.25 on Friday. 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 52 week low of $32.50 and a 52 week high of $47.11. The stock has a 50 day moving average price of $39.01 and a two-hundred day moving average price of $40.15. The stock has a market capitalization of $127.23 billion, a PE ratio of 8.94, a price-to-earnings-growth ratio of 1.36 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share 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%. As a group, equities analysts anticipate that Comcast Co. will post 4.25 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CMCSA has been the topic of a number of recent analyst reports. Wells Fargo & Company decreased their price objective on shares of Comcast from $46.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. KeyCorp lifted their target price on Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. BNP Paribas raised shares of Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 target price for the company in a report on Friday. Benchmark reaffirmed a “buy” rating and set a $60.00 price target on shares of Comcast in a report on Tuesday, November 19th. Finally, StockNews.com raised shares of Comcast from a “buy” rating to a “strong-buy” rating in a research note on Friday, January 17th. Eight investment analysts have rated the stock with a hold rating, ten have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $46.89.

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.