Clear Harbor Asset Management LLC Raises Stake in Comcast Co. (NASDAQ:CMCSA)

Clear Harbor Asset Management LLC raised its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 6.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 11,289 shares of the cable giant’s stock after buying an additional 694 shares during the quarter. Clear Harbor Asset Management LLC’s holdings in Comcast were worth $424,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of CMCSA. Winch Advisory Services LLC grew its position in Comcast by 269.9% during the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after buying an additional 502 shares in the last quarter. Safe Harbor Fiduciary LLC bought a new stake in shares of Comcast during the 3rd quarter valued at about $30,000. McClarren Financial Advisors Inc. grew its holdings in shares of Comcast by 365.4% during the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after purchasing an additional 570 shares in the last quarter. Iron Horse Wealth Management LLC raised its stake in Comcast by 220.3% in the third 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 in the last quarter. Finally, Dunhill Financial LLC lifted its position in Comcast by 54.8% during the third 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 last quarter. 84.32% of the stock is currently owned by institutional investors.

Insider Transactions at Comcast

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

Analyst Ratings Changes

Several research firms have recently weighed in on CMCSA. Wells Fargo & Company lowered 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 report on Monday, January 6th. Seaport Res Ptn upgraded Comcast from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. Scotiabank upgraded Comcast from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the stock from $47.75 to $48.00 in a report on Friday, November 1st. TD Cowen reduced their price objective on Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Finally, Morgan Stanley lowered Comcast from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $48.00 to $45.00 in a research note on Monday, December 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $47.33.

Comcast Stock Up 1.1 %

Shares of NASDAQ:CMCSA opened at $36.97 on Wednesday. The stock’s 50-day moving average is $39.81 and its 200 day moving average is $40.18. The company has a market cap of $141.47 billion, a PE ratio of 9.94, a P/E/G ratio of 1.33 and a beta of 1.01. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. Comcast Co. has a 1 year low of $36.15 and a 1 year high of $47.11.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06. The company had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.08 earnings per share. Sell-side analysts anticipate 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.