Comcast Co. (NASDAQ:CMCSA) Shares Purchased by Highland Capital Management LLC

Highland Capital Management LLC raised its position in Comcast Co. (NASDAQ:CMCSA) by 1.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 202,733 shares of the cable giant’s stock after acquiring an additional 1,928 shares during the quarter. Highland Capital Management LLC’s holdings in Comcast were worth $7,609,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Regal Investment Advisors LLC increased its stake in shares of Comcast by 8.5% during the second quarter. Regal Investment Advisors LLC now owns 8,809 shares of the cable giant’s stock worth $345,000 after buying an additional 687 shares during the period. Farmers National Bank lifted its position in shares of Comcast by 2.2% during the 2nd quarter. Farmers National Bank now owns 117,941 shares of the cable giant’s stock worth $4,619,000 after purchasing an additional 2,505 shares during the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in shares of Comcast during the second quarter worth $68,000. Sanctuary Advisors LLC acquired a new position in shares of Comcast during the 2nd quarter worth about $29,278,000. Finally, Heritage Wealth Management Inc. acquired a new position in shares of Comcast in the 2nd quarter valued at $952,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Insider Buying and Selling at Comcast

In related news, President Michael J. Cavanagh sold 25,537 shares of the stock in a transaction dated 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 completion of the transaction, the president now owns 534,849 shares of the company’s stock, valued at approximately $22,779,218.91. This represents a 4.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Brian L. Roberts sold 234,464 shares of Comcast stock in a transaction 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 completion of the sale, the chief executive officer now owns 6,669,928 shares of the company’s stock, valued at approximately $284,539,128.48. This trade represents a 3.40 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

CMCSA has been the subject of a number of research analyst reports. Barclays upped their target price on Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Wells Fargo & Company decreased their price target on Comcast from $46.00 to $45.00 and set an “equal weight” rating for the company in a report on Monday, January 6th. Loop Capital cut their price target on shares of Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, January 2nd. TD Cowen cut their target price on Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Finally, Morgan Stanley cut Comcast from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $48.00 to $45.00 in a research report on Monday, December 16th. 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Comcast currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.33.

Comcast Stock Down 0.5 %

CMCSA opened at $37.36 on Thursday. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a market capitalization of $142.96 billion, a price-to-earnings ratio of 10.04, a price-to-earnings-growth ratio of 1.35 and a beta of 1.01. Comcast Co. has a 12 month low of $36.15 and a 12 month high of $47.11. The business has a 50-day moving average of $39.12 and a two-hundred day moving average of $40.17.

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

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.