K.J. Harrison & Partners Inc Takes Position in Comcast Co. (NASDAQ:CMCSA)

K.J. Harrison & Partners Inc purchased a new stake in Comcast Co. (NASDAQ:CMCSA) in the 4th quarter, Holdings Channel reports. The fund purchased 51,425 shares of the cable giant’s stock, valued at approximately $2,255,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CMCSA. Greenwich Wealth Management LLC boosted its position in Comcast by 2.6% during the 4th quarter. Greenwich Wealth Management LLC now owns 8,492 shares of the cable giant’s stock worth $372,000 after acquiring an additional 219 shares during the period. Legend Financial Advisors Inc. boosted its holdings in shares of Comcast by 17.5% during the fourth quarter. Legend Financial Advisors Inc. now owns 1,478 shares of the cable giant’s stock worth $65,000 after purchasing an additional 220 shares during the period. Beaumont Asset Management L.L.C. grew its position in Comcast by 1.6% during the fourth quarter. Beaumont Asset Management L.L.C. now owns 14,141 shares of the cable giant’s stock valued at $620,000 after purchasing an additional 226 shares in the last quarter. Keystone Financial Services increased its stake in Comcast by 1.1% in the 4th quarter. Keystone Financial Services now owns 20,432 shares of the cable giant’s stock valued at $896,000 after buying an additional 229 shares during the period. Finally, Ironwood Financial llc lifted its position in Comcast by 1.6% in the 3rd quarter. Ironwood Financial llc now owns 15,449 shares of the cable giant’s stock worth $685,000 after buying an additional 238 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Performance

Shares of Comcast stock traded up $0.70 during midday trading on Friday, hitting $38.57. The company had a trading volume of 29,782,818 shares, compared to its average volume of 20,954,010. The business’s 50 day simple moving average is $41.58 and its two-hundred day simple moving average is $42.57. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.46. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.60 and a quick ratio of 0.60. The stock has a market cap of $153.19 billion, a PE ratio of 10.37, a P/E/G ratio of 0.98 and a beta of 0.98.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.06. Comcast had a return on equity of 19.75% and a net margin of 12.66%. The business had revenue of $30.06 billion for the quarter, compared to the consensus estimate of $29.83 billion. During the same period last year, the business earned $0.92 earnings per share. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, equities analysts predict that Comcast Co. will post 4.23 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on CMCSA. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $45.00 price target on shares of Comcast in a research note on Friday. Evercore ISI reaffirmed an “outperform” rating and set a $50.00 price target on shares of Comcast in a research note on Tuesday, March 26th. StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. Scotiabank cut their price objective on shares of Comcast from $50.00 to $47.25 and set a “sector perform” rating on the stock in a research report on Friday. Finally, Benchmark reissued a “buy” rating and issued a $55.00 target price on shares of Comcast in a research report on Wednesday, April 10th. Ten investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $49.45.

Insider Activity at Comcast

In other news, President Michael J. Cavanagh sold 114,749 shares of the stock in a transaction on Monday, January 29th. The shares were sold at an average price of $46.10, for a total value of $5,289,928.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.18% of the stock is currently owned by corporate insiders.

Comcast 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.