Bull Harbor Capital LLC Invests $737,000 in Comcast Corporation $CMCSA

Bull Harbor Capital LLC purchased a new stake in Comcast Corporation (NASDAQ:CMCSA) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 25,656 shares of the cable giant’s stock, valued at approximately $737,000.

A number of other institutional investors have also added to or reduced their stakes in CMCSA. Imprint Wealth LLC bought a new stake in Comcast during the 3rd quarter worth approximately $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in Comcast in the 4th quarter valued at $27,000. Whipplewood Advisors LLC grew its position in shares of Comcast by 75.5% during the 1st quarter. Whipplewood Advisors LLC now owns 932 shares of the cable giant’s stock valued at $27,000 after purchasing an additional 401 shares in the last quarter. Main Street Group LTD purchased a new position in shares of Comcast during the 1st quarter valued at $27,000. Finally, Richardson Financial Services Inc. increased its holdings in shares of Comcast by 212.6% in the fourth quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant’s stock worth $30,000 after purchasing an additional 691 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. BNP Paribas Exane dropped their price objective on Comcast from $25.00 to $22.00 and set an “underperform” rating for the company in a research note on Tuesday, July 14th. Weiss Ratings cut Comcast from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday. New Street Research dropped their price target on Comcast from $31.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, June 25th. Sanford C. Bernstein reissued a “market perform” rating and set a $28.00 price objective on shares of Comcast in a report on Monday, July 13th. Finally, Morgan Stanley set a $29.00 price objective on shares of Comcast in a research report on Friday, July 24th. Eleven research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $32.96.

Comcast Stock Down 3.8%

CMCSA opened at $23.67 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.94. The business’s fifty day simple moving average is $23.73 and its 200 day simple moving average is $27.14. Comcast Corporation has a 52 week low of $21.28 and a 52 week high of $34.45. The stock has a market cap of $84.55 billion, a PE ratio of 7.66, a P/E/G ratio of 2.02 and a beta of 0.67.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, July 23rd. The cable giant reported $1.04 EPS for the quarter, beating the consensus estimate of $0.97 by $0.07. The firm had revenue of $29.94 billion for the quarter, compared to analyst estimates of $29.24 billion. Comcast had a return on equity of 14.77% and a net margin of 8.97%.The company’s revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.25 EPS. As a group, research analysts expect that Comcast Corporation will post 3.5 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Wednesday, October 7th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date is Wednesday, October 7th. Comcast’s payout ratio is presently 42.72%.

Comcast Company Profile

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.