Harbor Investment Advisory LLC Sells 3,143 Shares of Comcast Co. (NASDAQ:CMCSA)

Harbor Investment Advisory LLC lessened its position in Comcast Co. (NASDAQ:CMCSA) by 7.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 37,159 shares of the cable giant’s stock after selling 3,143 shares during the period. Harbor Investment Advisory LLC’s holdings in Comcast were worth $1,395,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Fairscale Capital LLC bought a new stake in shares of Comcast in the second quarter worth approximately $26,000. EverSource Wealth Advisors LLC grew its position in Comcast by 5.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 29,725 shares of the cable giant’s stock worth $1,227,000 after purchasing an additional 1,484 shares during the period. Steel Grove Capital Advisors LLC raised its stake in Comcast by 1.2% during the 2nd quarter. Steel Grove Capital Advisors LLC now owns 43,342 shares of the cable giant’s stock valued at $1,697,000 after buying an additional 508 shares during the last quarter. Public Sector Pension Investment Board lifted its holdings in shares of Comcast by 13.0% during the 2nd quarter. Public Sector Pension Investment Board now owns 543,928 shares of the cable giant’s stock valued at $21,300,000 after buying an additional 62,514 shares during the period. Finally, Evergreen Capital Management LLC boosted its stake in shares of Comcast by 2.8% in the 2nd quarter. Evergreen Capital Management LLC now owns 79,557 shares of the cable giant’s stock worth $3,115,000 after buying an additional 2,153 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on CMCSA shares. Macquarie restated a “neutral” rating and set a $42.00 price target on shares of Comcast in a report on Monday, January 6th. Rosenblatt Securities restated a “neutral” rating and set a $45.00 price objective on shares of Comcast in a research report on Wednesday, November 6th. TD Cowen cut their target price on Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Benchmark reiterated a “buy” rating and set a $60.00 price objective on shares of Comcast in a research report on Tuesday, November 19th. Finally, Loop Capital cut their price target on shares of Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, Comcast has a consensus rating of “Moderate Buy” and an average price target of $47.33.

Comcast Stock Performance

CMCSA stock opened at $36.58 on Tuesday. The firm has a 50-day simple moving average of $39.97 and a two-hundred day simple moving average of $40.19. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. Comcast Co. has a one year low of $36.15 and a one year high of $47.11. The firm has a market cap of $139.97 billion, a price-to-earnings ratio of 9.83, a PEG ratio of 1.33 and a beta of 1.01.

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

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a yield of 3.39%. Comcast’s payout ratio is 33.33%.

Insiders Place Their Bets

In related news, President Michael J. Cavanagh sold 25,537 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total value of $1,087,620.83. Following the sale, the president now owns 534,849 shares in the company, valued at $22,779,218.91. This represents a 4.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Brian L. Roberts sold 234,464 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total transaction of $10,002,234.24. Following the transaction, the chief executive officer now directly owns 6,669,928 shares of the company’s stock, valued at $284,539,128.48. This represents a 3.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company’s stock.

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.