Granite Harbor Advisors Inc. Invests $210,000 in Comcast Corporation $CMCSA

Granite Harbor Advisors Inc. acquired a new stake in Comcast Corporation (NASDAQ:CMCSA) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 5,871 shares of the cable giant’s stock, valued at approximately $210,000.

Other institutional investors have also recently bought and sold shares of the company. Global Trust Asset Management LLC boosted its holdings in Comcast by 906.8% in the 2nd quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock valued at $27,000 after purchasing an additional 671 shares during the period. Cranbrook Wealth Management LLC boosted its holdings in Comcast by 86.0% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock valued at $27,000 after purchasing an additional 350 shares during the period. Ransom Advisory Ltd bought a new stake in Comcast in the 1st quarter valued at about $29,000. Abound Financial LLC bought a new stake in Comcast in the 1st quarter valued at about $29,000. Finally, Princeton Global Asset Management LLC boosted its holdings in Comcast by 403.5% in the 2nd quarter. Princeton Global Asset Management LLC now owns 856 shares of the cable giant’s stock valued at $31,000 after purchasing an additional 686 shares during the period. Institutional investors own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

CMCSA has been the subject of a number of recent research reports. Morgan Stanley set a $35.00 price objective on shares of Comcast and gave the company an “equal weight” rating in a report on Tuesday, October 7th. Rosenblatt Securities cut their price target on shares of Comcast from $38.00 to $33.00 and set a “neutral” rating for the company in a report on Friday, October 17th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Comcast in a report on Tuesday, October 14th. Moffett Nathanson upped their price target on shares of Comcast from $56.00 to $58.00 and gave the stock a “buy” rating in a report on Friday, September 12th. Finally, Scotiabank reaffirmed a “sector perform” rating and set a $45.50 price target (up previously from $45.00) on shares of Comcast in a report on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $39.76.

Comcast Price Performance

Shares of NASDAQ:CMCSA opened at $29.40 on Thursday. The company has a market cap of $108.55 billion, a price-to-earnings ratio of 4.86, a PEG ratio of 1.77 and a beta of 0.94. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a 50 day simple moving average of $32.08 and a 200 day simple moving average of $33.58. Comcast Corporation has a one year low of $29.15 and a one year high of $45.31.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) for the quarter. The firm had revenue of $30.34 billion during the quarter. Comcast had a net margin of 18.44% and a return on equity of 18.86%. Research analysts predict that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

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.