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

Hara Capital LLC lifted its position in shares of Comcast Co. (NASDAQ:CMCSA) by 45.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,174 shares of the cable giant’s stock after purchasing 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.

Several other institutional investors have also recently made changes to their positions in CMCSA. Fairscale Capital LLC acquired a new position in Comcast in the 2nd quarter worth about $26,000. McClarren Financial Advisors Inc. increased its position in shares of Comcast by 365.4% in the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after buying an additional 570 shares in the last quarter. Iron Horse Wealth Management LLC raised its stake in shares of Comcast by 220.3% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock worth $32,000 after buying an additional 522 shares during the period. IAG Wealth Partners LLC lifted its position in shares of Comcast by 204.7% during 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 in the last quarter. Finally, Archer Investment Corp grew its stake in Comcast by 177.1% in the 2nd 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 period. 84.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Rosenblatt Securities reissued a “neutral” rating and set a $45.00 target price on shares of Comcast in a research note on Wednesday. TD Cowen reduced their target price on shares of Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Friday, November 1st. StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 24th. Barclays increased their price objective on shares of Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Monday. Finally, Macquarie restated a “neutral” rating and set a $40.00 target price on shares of Comcast in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Comcast has a consensus rating of “Moderate Buy” and an average price target of $46.75.

Comcast Trading Down 1.0 %

Shares of CMCSA traded down $0.47 during trading on Thursday, reaching $44.67. 1,944,358 shares of the company traded hands, compared to its average volume of 19,647,957. The stock has a 50-day simple moving average of $41.00 and a 200-day simple moving average of $39.66. The stock has a market cap of $172.98 billion, a PE ratio of 12.13, a price-to-earnings-growth ratio of 1.14 and a beta of 1.00. Comcast Co. has a twelve month low of $36.43 and a twelve 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.

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

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be issued a dividend of $0.31 per share. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a yield of 2.78%. Comcast’s dividend payout ratio (DPR) is presently 33.33%.

About Comcast

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.