Charter Oak Capital Management LLC Has $238,000 Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Charter Oak Capital Management LLC increased its stake in Comcast Co. (NASDAQ:CMCSA) by 9.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,350 shares of the cable giant’s stock after acquiring an additional 556 shares during the quarter. Charter Oak Capital Management LLC’s holdings in Comcast were worth $238,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. YHB Investment Advisors Inc. raised its position in shares of Comcast by 11.1% in the 4th quarter. YHB Investment Advisors Inc. now owns 85,110 shares of the cable giant’s stock worth $3,194,000 after acquiring an additional 8,502 shares in the last quarter. Nilsine Partners LLC grew its stake in Comcast by 24.4% during the fourth quarter. Nilsine Partners LLC now owns 50,793 shares of the cable giant’s stock worth $1,906,000 after purchasing an additional 9,959 shares during the period. Foundations Investment Advisors LLC increased its holdings in Comcast by 2.5% in the fourth quarter. Foundations Investment Advisors LLC now owns 41,957 shares of the cable giant’s stock worth $1,575,000 after purchasing an additional 1,016 shares in the last quarter. McLean Asset Management Corp lifted its stake in Comcast by 6.9% in the fourth quarter. McLean Asset Management Corp now owns 9,624 shares of the cable giant’s stock valued at $361,000 after buying an additional 624 shares during the period. Finally, Pacer Advisors Inc. boosted its holdings in shares of Comcast by 34.9% during the 4th quarter. Pacer Advisors Inc. now owns 642,403 shares of the cable giant’s stock worth $24,109,000 after buying an additional 166,051 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Morgan Stanley lowered shares of Comcast from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $48.00 to $45.00 in a report on Monday, December 16th. Loop Capital reduced their price objective on Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, January 2nd. Barclays upped their target price on Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Seaport Res Ptn raised shares of Comcast from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, Comcast has a consensus rating of “Moderate Buy” and a consensus price target of $47.33.

Comcast Stock Up 1.6 %

Shares of NASDAQ CMCSA opened at $38.23 on Tuesday. The business’s fifty day moving average price is $39.31 and its 200-day moving average price is $40.18. Comcast Co. has a one year low of $36.15 and a one year high of $47.11. The stock has a market capitalization of $146.29 billion, a PE ratio of 10.28, a P/E/G ratio of 1.35 and a beta of 1.01. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The business had revenue of $32.07 billion for the quarter, compared to analysts’ expectations of $31.78 billion. During the same quarter in the previous year, the firm posted $1.08 EPS. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, equities research analysts anticipate that Comcast Co. will post 4.25 EPS for the current year.

Insider Activity

In other news, President Michael J. Cavanagh sold 25,537 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the completion of the transaction, the president now owns 534,849 shares of the company’s stock, valued at approximately $22,779,218.91. The trade was a 4.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brian L. Roberts sold 234,464 shares of Comcast stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total transaction of $10,002,234.24. Following the sale, the chief executive officer now owns 6,669,928 shares of the company’s stock, valued at approximately $284,539,128.48. The trade was a 3.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.26% of the company’s stock.

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.