Harvest Fund Management Co. Ltd Has $1.79 Million Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Harvest Fund Management Co. Ltd lowered its position in Comcast Co. (NASDAQ:CMCSA) by 12.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 40,924 shares of the cable giant’s stock after selling 5,656 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Comcast were worth $1,789,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CMCSA. Greenwich Wealth Management LLC increased its position in Comcast by 2.6% in the fourth quarter. Greenwich Wealth Management LLC now owns 8,492 shares of the cable giant’s stock worth $372,000 after buying an additional 219 shares in the last quarter. Legend Financial Advisors Inc. increased its position in Comcast by 17.5% in the fourth quarter. Legend Financial Advisors Inc. now owns 1,478 shares of the cable giant’s stock worth $65,000 after buying an additional 220 shares in the last quarter. Beaumont Asset Management L.L.C. increased its position in Comcast by 1.6% in the fourth quarter. Beaumont Asset Management L.L.C. now owns 14,141 shares of the cable giant’s stock worth $620,000 after buying an additional 226 shares in the last quarter. Keystone Financial Services increased its position in Comcast by 1.1% in the fourth quarter. Keystone Financial Services now owns 20,432 shares of the cable giant’s stock worth $896,000 after buying an additional 229 shares in the last quarter. Finally, Capital Investment Advisors LLC increased its position in Comcast by 0.7% in the third quarter. Capital Investment Advisors LLC now owns 34,950 shares of the cable giant’s stock worth $1,550,000 after buying an additional 238 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Insider Activity

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

Comcast Stock Down 0.5 %

Shares of NASDAQ:CMCSA traded down $0.21 on Tuesday, reaching $40.36. The company had a trading volume of 15,322,636 shares, compared to its average volume of 20,645,980. Comcast Co. has a 52-week low of $36.38 and a 52-week high of $47.46. The firm’s 50 day simple moving average is $41.75 and its 200-day simple moving average is $42.66. The firm has a market capitalization of $160.30 billion, a PE ratio of 10.85, a PEG ratio of 0.98 and a beta of 0.98. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.14.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, January 25th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.04. Comcast had a return on equity of 19.75% and a net margin of 12.66%. The business had revenue of $31.25 billion for the quarter, compared to the consensus estimate of $30.41 billion. As a group, analysts expect that Comcast Co. will post 4.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on the company. Citigroup upped their price target on Comcast from $51.00 to $53.00 and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Redburn Atlantic lowered Comcast from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $50.00 to $44.00 in a research note on Thursday, February 15th. BNP Paribas reaffirmed a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a research note on Tuesday, April 9th. Oppenheimer reaffirmed an “outperform” rating and issued a $55.00 price objective on shares of Comcast in a research note on Wednesday, April 3rd. Finally, StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. Ten equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $49.74.

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.