Oak Harvest Investment Services Buys 9,820 Shares of Comcast Co. (NASDAQ:CMCSA)

Oak Harvest Investment Services boosted its stake in Comcast Co. (NASDAQ:CMCSA) by 6.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 153,850 shares of the cable giant’s stock after purchasing an additional 9,820 shares during the quarter. Oak Harvest Investment Services’ holdings in Comcast were worth $6,426,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Koshinski Asset Management Inc. raised its position in Comcast by 0.8% in the third quarter. Koshinski Asset Management Inc. now owns 30,584 shares of the cable giant’s stock worth $1,277,000 after acquiring an additional 249 shares during the period. Regent Peak Wealth Advisors LLC raised its holdings in Comcast by 3.1% in the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 8,445 shares of the cable giant’s stock worth $353,000 after purchasing an additional 257 shares during the period. Abich Financial Wealth Management LLC lifted its position in Comcast by 4.7% during the third quarter. Abich Financial Wealth Management LLC now owns 5,829 shares of the cable giant’s stock valued at $243,000 after purchasing an additional 260 shares in the last quarter. Greenwich Wealth Management LLC increased its position in Comcast by 2.7% in the second quarter. Greenwich Wealth Management LLC now owns 9,754 shares of the cable giant’s stock worth $382,000 after buying an additional 261 shares in the last quarter. Finally, Saxon Interests Inc. increased its position in Comcast by 2.0% in the third quarter. Saxon Interests Inc. now owns 13,554 shares of the cable giant’s stock worth $566,000 after buying an additional 262 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

Comcast Stock Up 0.4 %

NASDAQ CMCSA opened at $42.24 on Thursday. The stock has a 50 day moving average price of $40.64 and a 200-day moving average price of $39.52. Comcast Co. has a one year low of $36.43 and a one year high of $47.11. The company has a market capitalization of $165.73 billion, a P/E ratio of 11.17, a P/E/G ratio of 1.10 and a beta of 1.01. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.66 and a current ratio of 0.66.

Wall Street Analyst Weigh In

CMCSA has been the subject of a number of recent research reports. Barclays cut their price objective on Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a research note on Thursday, July 25th. Rosenblatt Securities reissued a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a research note on Wednesday, July 24th. Scotiabank lifted their target price on shares of Comcast from $47.25 to $47.75 and gave the company a “sector perform” rating in a research note on Friday, October 18th. Benchmark reiterated a “buy” rating and issued a $55.00 price target on shares of Comcast in a research note on Wednesday. Finally, StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $45.58.

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.