Hartford Funds Management Co LLC Has $577,000 Holdings in Comcast Co. (NASDAQ:CMCSA)

Hartford Funds Management Co LLC lifted its position in Comcast Co. (NASDAQ:CMCSA) by 39.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,169 shares of the cable giant’s stock after buying an additional 3,734 shares during the quarter. Hartford Funds Management Co LLC’s holdings in Comcast were worth $577,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in CMCSA. Envestnet Asset Management Inc. boosted its stake in shares of Comcast by 39.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 10,065,475 shares of the cable giant’s stock worth $446,303,000 after acquiring an additional 2,861,358 shares in the last quarter. Lord Abbett & CO. LLC lifted its holdings in Comcast by 43.3% in the 3rd quarter. Lord Abbett & CO. LLC now owns 6,311,296 shares of the cable giant’s stock worth $279,843,000 after purchasing an additional 1,907,973 shares during the last quarter. SG Americas Securities LLC boosted its position in Comcast by 422.9% during the fourth quarter. SG Americas Securities LLC now owns 1,678,815 shares of the cable giant’s stock worth $73,616,000 after purchasing an additional 1,357,756 shares during the period. Bank of New York Mellon Corp grew its holdings in Comcast by 3.5% during the third quarter. Bank of New York Mellon Corp now owns 36,170,191 shares of the cable giant’s stock valued at $1,603,786,000 after purchasing an additional 1,229,374 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its position in shares of Comcast by 35.5% in the third quarter. Canada Pension Plan Investment Board now owns 4,689,476 shares of the cable giant’s stock valued at $207,931,000 after purchasing an additional 1,227,469 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CMCSA. Redburn Atlantic lowered shares of Comcast from a “buy” rating to a “neutral” rating and lowered their target price for the company from $50.00 to $44.00 in a research note on Thursday, February 15th. Evercore ISI reiterated an “outperform” rating and issued a $50.00 price objective on shares of Comcast in a research note on Tuesday, March 26th. Scotiabank dropped their price objective on Comcast from $50.00 to $47.25 and set a “sector perform” rating on the stock in a research note on Friday. Deutsche Bank Aktiengesellschaft dropped their price objective on Comcast from $55.00 to $53.00 in a research note on Friday, April 5th. Finally, Citigroup dropped their price objective on Comcast from $53.00 to $48.00 and set a “buy” rating on the stock in a research note on Monday. Ten research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, Comcast has a consensus rating of “Moderate Buy” and an average target price of $49.60.

Comcast Price Performance

NASDAQ CMCSA traded down $0.74 during trading on Tuesday, reaching $38.11. 20,201,195 shares of the company traded hands, compared to its average volume of 20,876,318. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.59 and a current ratio of 0.59. The stock’s 50 day moving average price is $41.47 and its two-hundred day moving average price is $42.47. The company has a market cap of $151.37 billion, a price-to-earnings ratio of 10.08, a P/E/G ratio of 0.95 and a beta of 0.98. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.46.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, April 25th. The cable giant reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.06. The company had revenue of $30.06 billion for the quarter, compared to the consensus estimate of $29.83 billion. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The company’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.92 earnings per share. As a group, analysts anticipate that Comcast Co. will post 4.21 EPS 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.