Charter Oak Capital Management LLC Increases Holdings in Comcast Co. (NASDAQ:CMCSA)

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

Several other large investors have also recently made changes to their positions in the business. Susquehanna Fundamental Investments LLC bought a new stake in Comcast in the second quarter valued at approximately $3,587,000. SkyView Investment Advisors LLC boosted its position in Comcast by 14.9% during the 2nd quarter. SkyView Investment Advisors LLC now owns 11,821 shares of the cable giant’s stock valued at $463,000 after buying an additional 1,532 shares during the period. Ascent Group LLC grew its holdings in Comcast by 6.6% in the 2nd quarter. Ascent Group LLC now owns 62,262 shares of the cable giant’s stock worth $2,438,000 after acquiring an additional 3,834 shares during the last quarter. NewEdge Advisors LLC increased its position in shares of Comcast by 2.1% in the second quarter. NewEdge Advisors LLC now owns 549,745 shares of the cable giant’s stock valued at $21,528,000 after acquiring an additional 11,206 shares during the period. Finally, Wellington Wealth Strategies LLC. bought a new position in shares of Comcast during the second quarter valued at about $276,000. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Trading Up 1.6 %

NASDAQ:CMCSA opened at $38.23 on Tuesday. The stock has a market cap of $146.29 billion, a price-to-earnings ratio of 10.28, a PEG ratio of 1.35 and a beta of 1.01. The company’s 50 day moving average price is $39.31 and its 200-day moving average price is $40.18. Comcast Co. has a 52 week low of $36.15 and a 52 week 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.

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

Insider Buying and Selling

In other news, President Michael J. Cavanagh sold 25,537 shares of the company’s stock in a transaction 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 completion of the sale, the president now directly owns 534,849 shares in the company, valued at $22,779,218.91. This represents a 4.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Brian L. Roberts sold 234,464 shares of Comcast stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total value of $10,002,234.24. Following the transaction, the chief executive officer now owns 6,669,928 shares in the company, valued at $284,539,128.48. This trade represents a 3.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently commented on the company. StockNews.com raised Comcast from a “buy” rating to a “strong-buy” rating in a research note on Friday, January 17th. Loop Capital cut their target price on shares of Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, January 2nd. Wells Fargo & Company decreased their price target on shares of Comcast from $46.00 to $45.00 and set an “equal weight” rating for the company in a research note on Monday, January 6th. Macquarie reaffirmed a “neutral” rating and set a $42.00 price objective on shares of Comcast in a research report on Monday, January 6th. Finally, Rosenblatt Securities restated a “neutral” rating and issued a $45.00 target price on shares of Comcast in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.33.

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.