Haverford Financial Services Inc. raised its stake in Comcast Co. (NASDAQ:CMCSA) by 0.8% in the third quarter, HoldingsChannel.com reports. The fund owned 316,687 shares of the cable giant’s stock after buying an additional 2,575 shares during the quarter. Comcast accounts for 4.8% of Haverford Financial Services Inc.’s portfolio, making the stock its 2nd biggest position. Haverford Financial Services Inc.’s holdings in Comcast were worth $12,186,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Janus Henderson Group PLC raised its holdings in shares of Comcast by 1,581.1% during the second quarter. Janus Henderson Group PLC now owns 28,199,798 shares of the cable giant’s stock valued at $1,097,544,000 after buying an additional 26,522,368 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Comcast by 2.8% during the second quarter. Vanguard Group Inc. now owns 316,845,966 shares of the cable giant’s stock valued at $12,331,646,000 after buying an additional 8,677,771 shares during the last quarter. UBS Asset Management Americas Inc. raised its holdings in shares of Comcast by 38.4% during the second quarter. UBS Asset Management Americas Inc. now owns 18,417,341 shares of the cable giant’s stock valued at $716,803,000 after buying an additional 5,108,525 shares during the last quarter. Prudential Financial Inc. raised its holdings in shares of Comcast by 40.2% during the second quarter. Prudential Financial Inc. now owns 12,254,212 shares of the cable giant’s stock valued at $476,934,000 after buying an additional 3,513,006 shares during the last quarter. Finally, Southpoint Capital Advisors LP bought a new stake in shares of Comcast during the second quarter valued at approximately $136,220,000. Institutional investors own 82.26% of the company’s stock.

In other Comcast news, EVP Arthur R. Block sold 5,630 shares of Comcast stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $39.89, for a total transaction of $224,580.70. Following the transaction, the executive vice president now directly owns 71,664 shares in the company, valued at approximately $2,858,676.96. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Arthur R. Block sold 3,937 shares of Comcast stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $40.62, for a total transaction of $159,920.94. Following the transaction, the executive vice president now owns 65,946 shares in the company, valued at $2,678,726.52. The disclosure for this sale can be found here. Insiders sold 593,402 shares of company stock worth $22,961,401 in the last ninety days. 1.28% of the stock is owned by corporate insiders.

Comcast Co. (NASDAQ CMCSA) opened at $42.50 on Monday. The stock has a market capitalization of $198,635.27, a price-to-earnings ratio of 20.48, a price-to-earnings-growth ratio of 1.84 and a beta of 1.00. Comcast Co. has a twelve month low of $34.78 and a twelve month high of $42.71. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.74 and a quick ratio of 0.74.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.03. The company had revenue of $20.98 billion for the quarter, compared to analysts’ expectations of $21.05 billion. Comcast had a return on equity of 17.17% and a net margin of 11.99%. The firm’s revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.92 earnings per share. equities research analysts forecast that Comcast Co. will post 2.05 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 3rd will be issued a $0.157 dividend. The ex-dividend date of this dividend is Tuesday, January 2nd. This represents a $0.63 annualized dividend and a dividend yield of 1.48%. Comcast’s dividend payout ratio is currently 30.36%.

CMCSA has been the topic of several recent analyst reports. Nomura dropped their target price on Comcast from $46.00 to $42.00 and set a “buy” rating on the stock in a report on Friday, October 27th. Royal Bank of Canada reissued a “buy” rating and set a $45.00 target price on shares of Comcast in a report on Wednesday, October 18th. Moffett Nathanson reissued a “buy” rating on shares of Comcast in a report on Monday, October 16th. Evercore ISI reissued an “outperform” rating and set a $48.00 target price (up previously from $44.00) on shares of Comcast in a report on Tuesday, January 9th. Finally, Buckingham Research boosted their target price on Comcast from $48.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-five have given a buy rating to the company. Comcast currently has a consensus rating of “Buy” and a consensus price target of $46.83.

TRADEMARK VIOLATION WARNING: “Haverford Financial Services Inc. Has $12.19 Million Holdings in Comcast Co. (CMCSA)” was posted by Daily Political and is the property of of Daily Political. If you are viewing this article on another website, it was stolen and republished in violation of US & international copyright and trademark laws. The original version of this article can be read at https://www.dailypolitical.com/2018/01/22/haverford-financial-services-inc-has-12-19-million-holdings-in-comcast-co-cmcsa.html.

About Comcast

Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.

Want to see what other hedge funds are holding CMCSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comcast Co. (NASDAQ:CMCSA).

Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

Receive News & Ratings for Comcast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast and related companies with MarketBeat.com's FREE daily email newsletter.