Hardman Johnston Global Advisors LLC cut its position in shares of Comcast Co. (NASDAQ:CMCSA) by 1.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 742,532 shares of the cable giant’s stock after selling 13,950 shares during the quarter. Comcast makes up about 1.4% of Hardman Johnston Global Advisors LLC’s investment portfolio, making the stock its 17th largest position. Hardman Johnston Global Advisors LLC’s holdings in Comcast were worth $31,394,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its stake in shares of Comcast by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 53,579,451 shares of the cable giant’s stock valued at $1,824,544,000 after buying an additional 326,417 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Comcast by 10.4% during the fourth quarter. Geode Capital Management LLC now owns 63,699,503 shares of the cable giant’s stock worth $2,165,450,000 after buying an additional 5,992,911 shares in the last quarter. Burns J W & Co. Inc. NY acquired a new stake in shares of Comcast during the first quarter worth $207,000. Cox Capital Mgt LLC lifted its holdings in shares of Comcast by 1.8% during the first quarter. Cox Capital Mgt LLC now owns 33,730 shares of the cable giant’s stock worth $1,349,000 after buying an additional 612 shares in the last quarter. Finally, Fulton Bank N.A. lifted its holdings in shares of Comcast by 4.1% during the first quarter. Fulton Bank N.A. now owns 41,686 shares of the cable giant’s stock worth $1,666,000 after buying an additional 1,639 shares in the last quarter. Hedge funds and other institutional investors own 82.85% of the company’s stock.
CMCSA traded up $0.39 during trading on Tuesday, reaching $44.39. 570,175 shares of the company were exchanged, compared to its average volume of 17,544,886. The company’s 50-day moving average is $43.49 and its two-hundred day moving average is $41.45. The company has a market cap of $195.97 billion, a price-to-earnings ratio of 17.37, a P/E/G ratio of 1.19 and a beta of 1.08. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 1.30. Comcast Co. has a 12-month low of $32.61 and a 12-month high of $45.29.
A number of equities research analysts have recently weighed in on the company. Barclays lifted their target price on Comcast from $44.00 to $45.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. ValuEngine downgraded Comcast from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Raymond James downgraded Comcast from a “strong-buy” rating to an “outperform” rating and dropped their price target for the company from $25.00 to $21.00 in a research note on Friday, June 14th. BidaskClub raised Comcast from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. Finally, TD Securities boosted their price target on Comcast from $50.00 to $57.00 and gave the company a “buy” rating in a research note on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eighteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $45.44.
In other Comcast news, SVP Daniel C. Murdock sold 1,701 shares of the firm’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $41.46, for a total value of $70,523.46. Following the sale, the senior vice president now owns 4,712 shares of the company’s stock, valued at approximately $195,359.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.35% of the company’s stock.
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.
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