Flagship Harbor Advisors LLC Increases Stake in Comcast Co. (NASDAQ:CMCSA)

Flagship Harbor Advisors LLC grew its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 9.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 39,026 shares of the cable giant’s stock after purchasing an additional 3,312 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Comcast were worth $1,465,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. World Investment Advisors LLC grew its position in shares of Comcast by 904.0% in the 3rd quarter. World Investment Advisors LLC now owns 254,545 shares of the cable giant’s stock worth $10,632,000 after buying an additional 229,192 shares during the last quarter. Tidal Investments LLC boosted its holdings in Comcast by 15.2% in the third quarter. Tidal Investments LLC now owns 171,440 shares of the cable giant’s stock valued at $7,161,000 after acquiring an additional 22,684 shares in the last quarter. Parnassus Investments LLC increased its position in Comcast by 3.7% during the 3rd quarter. Parnassus Investments LLC now owns 1,920,800 shares of the cable giant’s stock valued at $80,232,000 after purchasing an additional 68,139 shares during the period. Douglas Lane & Associates LLC raised its holdings in Comcast by 0.7% in the 3rd quarter. Douglas Lane & Associates LLC now owns 2,210,469 shares of the cable giant’s stock worth $92,331,000 after purchasing an additional 15,807 shares in the last quarter. Finally, Kestra Investment Management LLC purchased a new stake in shares of Comcast in the 3rd quarter worth about $2,541,000. Institutional investors own 84.32% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Evercore ISI raised shares of Comcast to a “strong-buy” rating in a research note on Thursday, November 21st. Morgan Stanley cut Comcast from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $48.00 to $45.00 in a research note on Monday, December 16th. Loop Capital reduced their price target on Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, January 2nd. Macquarie reissued a “neutral” rating and set a $42.00 price objective on shares of Comcast in a research report on Monday, January 6th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.33.

Insider Transactions at Comcast

In other news, CEO Brian L. Roberts sold 234,464 shares of the company’s stock in a transaction on 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 sale, the chief executive officer now directly owns 6,669,928 shares in the company, valued at $284,539,128.48. This represents a 3.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction 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 transaction, the president now owns 534,849 shares in the company, valued at $22,779,218.91. This trade represents a 4.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.26% of the company’s stock.

Comcast Price Performance

NASDAQ CMCSA opened at $37.62 on Monday. Comcast Co. has a one year low of $36.15 and a one year high of $47.11. The stock has a 50-day moving average of $39.31 and a 200 day moving average of $40.16. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. The company has a market capitalization of $143.95 billion, a price-to-earnings ratio of 10.11, a PEG ratio of 1.35 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The firm had revenue of $32.07 billion during the quarter, compared to analysts’ expectations of $31.78 billion. During the same period in the previous year, the company earned $1.08 earnings per share. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. On average, sell-side analysts forecast that Comcast Co. will post 4.25 EPS for the current year.

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.