Haverford Financial Services Inc. Has $9 Million Stake in Comcast Co. (NASDAQ:CMCSA)

Haverford Financial Services Inc. trimmed its position in shares of Comcast Co. (NASDAQ:CMCSAGet Rating) by 43.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 178,799 shares of the cable giant’s stock after selling 139,196 shares during the period. Comcast makes up approximately 2.0% of Haverford Financial Services Inc.’s investment portfolio, making the stock its 19th largest position. Haverford Financial Services Inc.’s holdings in Comcast were worth $8,999,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of CMCSA. Guinness Asset Management LTD grew its stake in shares of Comcast by 7.5% in the third quarter. Guinness Asset Management LTD now owns 423,439 shares of the cable giant’s stock worth $23,683,000 after purchasing an additional 29,619 shares during the last quarter. CWM LLC bought a new stake in shares of Comcast in the fourth quarter worth $23,672,000. Richard Bernstein Advisors LLC grew its stake in shares of Comcast by 10.3% in the third quarter. Richard Bernstein Advisors LLC now owns 86,564 shares of the cable giant’s stock worth $4,841,000 after purchasing an additional 8,071 shares during the last quarter. Greenleaf Trust grew its stake in shares of Comcast by 2.0% in the third quarter. Greenleaf Trust now owns 106,914 shares of the cable giant’s stock worth $5,980,000 after purchasing an additional 2,114 shares during the last quarter. Finally, Picton Mahoney Asset Management bought a new stake in shares of Comcast in the third quarter worth $6,767,000. Institutional investors own 83.33% of the company’s stock.

In related news, CEO David N. Watson sold 65,410 shares of the firm’s stock in a transaction that occurred on Friday, March 11th. The stock was sold at an average price of $45.69, for a total transaction of $2,988,582.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.04% of the stock is currently owned by corporate insiders.

NASDAQ CMCSA traded up $0.54 during trading on Tuesday, reaching $40.30. The company’s stock had a trading volume of 31,366,261 shares, compared to its average volume of 23,703,592. The stock has a market capitalization of $182.69 billion, a PE ratio of 13.03, a P/E/G ratio of 0.85 and a beta of 0.97. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a fifty day moving average of $45.76 and a 200 day moving average of $48.67. Comcast Co. has a one year low of $39.47 and a one year high of $61.80.

Comcast (NASDAQ:CMCSAGet Rating) last announced its earnings results on Thursday, April 28th. The cable giant reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.06. The business had revenue of $31.01 billion for the quarter, compared to analyst estimates of $30.40 billion. Comcast had a return on equity of 15.92% and a net margin of 11.96%. The company’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.76 EPS. Research analysts expect that Comcast Co. will post 3.55 earnings per share for the current fiscal year.

Several brokerages recently weighed in on CMCSA. JPMorgan Chase & Co. reduced their price objective on shares of Comcast from $60.00 to $52.00 in a research note on Friday, April 29th. Bank of America cut shares of Comcast from a “buy” rating to a “neutral” rating and cut their price target for the company from $67.00 to $50.00 in a research report on Friday, April 29th. Morgan Stanley cut their price target on shares of Comcast from $60.00 to $55.00 in a research report on Friday, April 29th. Royal Bank of Canada raised shares of Comcast from a “sector perform” rating to an “outperform” rating and set a $60.00 price target on the stock in a research report on Monday, January 24th. Finally, Cowen increased their price objective on shares of Comcast from $60.00 to $64.00 in a research report on Friday, January 28th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $59.46.

Comcast Profile (Get Rating)

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Media, Studios, Theme Parks, and Sky segments. The Cable Communications segment offers broadband, video, voice, wireless, and other services to residential and business customers under the Xfinity brand; and advertising services.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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