Hartford Funds Management Co LLC Has $577,000 Stock Position in Comcast Co. (NASDAQ:CMCSA)

Hartford Funds Management Co LLC raised its stake in Comcast Co. (NASDAQ:CMCSA) by 39.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,169 shares of the cable giant’s stock after buying an additional 3,734 shares during the period. Hartford Funds Management Co LLC’s holdings in Comcast were worth $577,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. NewSquare Capital LLC raised its holdings in Comcast by 94.1% during the 3rd quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock worth $28,000 after purchasing an additional 302 shares during the last quarter. Tennessee Valley Asset Management Partners bought a new position in Comcast during the fourth quarter worth $34,000. Lipe & Dalton acquired a new position in Comcast in the fourth quarter valued at $37,000. Valued Wealth Advisors LLC bought a new stake in Comcast during the fourth quarter valued at $44,000. Finally, Legacy Bridge LLC grew its holdings in Comcast by 358.7% during the 4th quarter. Legacy Bridge LLC now owns 1,055 shares of the cable giant’s stock worth $46,000 after acquiring an additional 825 shares during the period. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Stock Down 1.9 %

CMCSA stock traded down $0.74 during trading on Tuesday, reaching $38.11. The stock had a trading volume of 20,201,195 shares, compared to its average volume of 20,876,318. Comcast Co. has a one year low of $36.43 and a one year high of $47.46. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.13. The company’s 50 day moving average is $41.47 and its two-hundred day moving average is $42.47. The company has a market capitalization of $151.37 billion, a price-to-earnings ratio of 10.08, a P/E/G ratio of 0.95 and a beta of 0.98.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, April 25th. The cable giant reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.06. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The business had revenue of $30.06 billion during the quarter, compared to the consensus estimate of $29.83 billion. During the same period in the prior year, the firm posted $0.92 EPS. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. Equities research analysts forecast that Comcast Co. will post 4.21 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Redburn Atlantic lowered Comcast from a “buy” rating to a “neutral” rating and cut their target price for the company from $50.00 to $44.00 in a research report on Thursday, February 15th. Citigroup reduced their price objective on shares of Comcast from $53.00 to $48.00 and set a “buy” rating for the company in a research report on Monday. Evercore ISI reissued an “outperform” rating and set a $50.00 target price on shares of Comcast in a research note on Tuesday, March 26th. Oppenheimer reaffirmed an “outperform” rating and issued a $55.00 price target on shares of Comcast in a research note on Wednesday, April 3rd. Finally, Scotiabank decreased their price target on shares of Comcast from $50.00 to $47.25 and set a “sector perform” rating for the company in a research note on Friday. Ten research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $49.60.

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.