Harbor Capital Advisors Inc. Makes New Investment in Comcast Co. (NASDAQ:CMCSA)

Harbor Capital Advisors Inc. purchased a new position in Comcast Co. (NASDAQ:CMCSA) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,047 shares of the cable giant’s stock, valued at approximately $44,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Duality Advisers LP purchased a new stake in shares of Comcast during the 1st quarter worth approximately $436,000. Tectonic Advisors LLC raised its holdings in shares of Comcast by 11.4% during the 1st quarter. Tectonic Advisors LLC now owns 22,180 shares of the cable giant’s stock worth $962,000 after acquiring an additional 2,272 shares in the last quarter. KCM Investment Advisors LLC raised its holdings in shares of Comcast by 8.8% during the 1st quarter. KCM Investment Advisors LLC now owns 37,123 shares of the cable giant’s stock worth $1,609,000 after acquiring an additional 3,009 shares in the last quarter. Allegheny Financial Group LTD raised its holdings in shares of Comcast by 6.2% during the 1st quarter. Allegheny Financial Group LTD now owns 17,398 shares of the cable giant’s stock worth $754,000 after acquiring an additional 1,017 shares in the last quarter. Finally, Atomi Financial Group Inc. raised its holdings in shares of Comcast by 87.4% during the 1st quarter. Atomi Financial Group Inc. now owns 29,914 shares of the cable giant’s stock worth $1,297,000 after acquiring an additional 13,951 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on CMCSA. Benchmark reaffirmed a “buy” rating and set a $55.00 price objective on shares of Comcast in a report on Wednesday, October 30th. Rosenblatt Securities restated a “neutral” rating and set a $45.00 price target on shares of Comcast in a report on Wednesday. Deutsche Bank Aktiengesellschaft increased their price target on Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a report on Friday, November 1st. Pivotal Research increased their price target on Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Barclays increased their price target on Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $46.75.

Comcast Stock Performance

CMCSA stock opened at $43.91 on Friday. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.11. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. The business’s fifty day simple moving average is $41.18 and its two-hundred day simple moving average is $39.71. The firm has a market cap of $170.04 billion, a price-to-earnings ratio of 11.80, a PEG ratio of 1.61 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last posted its quarterly 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. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The business had revenue of $32.07 billion for the quarter, compared to the consensus estimate of $31.78 billion. During the same quarter in the prior year, the company earned $1.08 EPS. The business’s revenue was up 6.5% compared to the same quarter last year. Analysts predict that Comcast Co. will post 4.25 earnings per share for the current year.

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s payout ratio is 33.33%.

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.