Harvest Fund Management Co. Ltd Acquires 13,603 Shares of Comcast Corporation (NASDAQ:CMCSA)

Harvest Fund Management Co. Ltd raised its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 6.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 238,248 shares of the cable giant’s stock after acquiring an additional 13,603 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Comcast were worth $8,787,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Capital World Investors grew its holdings in shares of Comcast by 8.6% in the fourth quarter. Capital World Investors now owns 141,680,277 shares of the cable giant’s stock worth $5,317,167,000 after purchasing an additional 11,255,683 shares during the last quarter. Geode Capital Management LLC lifted its position in Comcast by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 85,812,139 shares of the cable giant’s stock valued at $3,212,244,000 after buying an additional 1,006,272 shares during the period. Dodge & Cox lifted its position in Comcast by 6.8% during the fourth quarter. Dodge & Cox now owns 79,102,667 shares of the cable giant’s stock valued at $2,968,723,000 after buying an additional 5,039,823 shares during the period. Ameriprise Financial Inc. lifted its position in Comcast by 12.0% during the fourth quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant’s stock valued at $1,890,027,000 after buying an additional 5,402,377 shares during the period. Finally, Invesco Ltd. lifted its position in Comcast by 11.5% during the fourth quarter. Invesco Ltd. now owns 45,175,969 shares of the cable giant’s stock valued at $1,695,454,000 after buying an additional 4,669,069 shares during the period. 84.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company lowered shares of Comcast from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $37.00 to $31.00 in a report on Monday, April 14th. BNP Paribas Exane decreased their target price on Comcast from $31.00 to $30.00 and set an “underperform” rating for the company in a research report on Friday, April 25th. KeyCorp decreased their target price on Comcast from $47.00 to $45.00 and set an “overweight” rating for the company in a research report on Monday, April 14th. Arete Research upgraded shares of Comcast to a “hold” rating in a research note on Tuesday, July 8th. Finally, The Goldman Sachs Group decreased their target price on shares of Comcast from $44.00 to $40.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $41.13.

Comcast Stock Performance

Shares of Comcast stock opened at $33.53 on Tuesday. The company has a 50 day moving average price of $34.97 and a 200 day moving average price of $35.20. The firm has a market capitalization of $125.19 billion, a P/E ratio of 8.24, a PEG ratio of 1.63 and a beta of 0.95. Comcast Corporation has a 52 week low of $31.44 and a 52 week high of $45.31. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.06.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 2nd were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date of this dividend was Wednesday, July 2nd. Comcast’s dividend payout ratio is presently 32.43%.

Comcast 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.