K.J. Harrison & Partners Inc Purchases New Holdings in Comcast Co. (NASDAQ:CMCSA)

K.J. Harrison & Partners Inc purchased a new stake in shares of Comcast Co. (NASDAQ:CMCSA) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 51,425 shares of the cable giant’s stock, valued at approximately $2,255,000.

A number of other hedge funds have also made changes to their positions in CMCSA. Abbrea Capital LLC lifted its position in shares of Comcast by 2.2% during the 4th quarter. Abbrea Capital LLC now owns 41,467 shares of the cable giant’s stock worth $1,818,000 after purchasing an additional 910 shares during the last quarter. Syon Capital LLC boosted its position in shares of Comcast by 8.0% in the fourth quarter. Syon Capital LLC now owns 35,593 shares of the cable giant’s stock valued at $1,561,000 after acquiring an additional 2,631 shares during the period. Disciplined Equity Management Inc. acquired a new stake in shares of Comcast in the fourth quarter worth $76,000. Tokio Marine Asset Management Co. Ltd. increased its position in Comcast by 3.0% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 88,782 shares of the cable giant’s stock worth $3,893,000 after acquiring an additional 2,604 shares during the period. Finally, Atria Wealth Solutions Inc. raised its stake in Comcast by 6.1% during the 4th quarter. Atria Wealth Solutions Inc. now owns 203,167 shares of the cable giant’s stock valued at $8,909,000 after purchasing an additional 11,632 shares during the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on CMCSA shares. Benchmark reiterated a “buy” rating and issued a $55.00 price objective on shares of Comcast in a research report on Wednesday, April 10th. Redburn Atlantic downgraded shares of Comcast from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $50.00 to $44.00 in a research note on Thursday, February 15th. Rosenblatt Securities restated a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a research note on Friday. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Comcast from $55.00 to $53.00 in a research report on Friday, April 5th. Finally, Wells Fargo & Company dropped their price target on shares of Comcast from $47.00 to $43.00 and set an “equal weight” rating for the company in a research report on Friday. Ten analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.45.

Comcast Stock Up 1.8 %

Shares of CMCSA stock traded up $0.70 during trading on Friday, reaching $38.57. The company’s stock had a trading volume of 29,782,818 shares, compared to its average volume of 20,954,010. The company has a market cap of $153.19 billion, a price-to-earnings ratio of 10.37, a price-to-earnings-growth ratio of 0.98 and a beta of 0.98. Comcast Co. has a one year low of $36.43 and a one year high of $47.46. The business has a fifty day moving average price of $41.58 and a 200-day moving average price of $42.57. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.14.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, beating the consensus estimate of $0.98 by $0.06. The firm had revenue of $30.06 billion during the quarter, compared to analysts’ expectations of $29.83 billion. Comcast had a return on equity of 19.75% and a net margin of 12.66%. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.92 earnings per share. Analysts anticipate that Comcast Co. will post 4.23 earnings per share for the current year.

Insider Activity at Comcast

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

Comcast Company 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.