Howard Capital Management Inc. Purchases 735 Shares of Comcast Corporation $CMCSA

Howard Capital Management Inc. increased its position in Comcast Corporation (NASDAQ:CMCSA) by 0.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 119,305 shares of the cable giant’s stock after acquiring an additional 735 shares during the quarter. Howard Capital Management Inc.’s holdings in Comcast were worth $4,258,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Nuveen LLC bought a new position in shares of Comcast in the first quarter worth about $940,015,000. Dodge & Cox grew its holdings in Comcast by 19.1% in the 1st quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant’s stock valued at $3,476,635,000 after buying an additional 15,115,074 shares during the last quarter. Pacer Advisors Inc. increased its position in Comcast by 1,959.3% in the 1st quarter. Pacer Advisors Inc. now owns 13,228,732 shares of the cable giant’s stock worth $488,140,000 after buying an additional 12,586,329 shares during the period. Acadian Asset Management LLC lifted its holdings in shares of Comcast by 119.1% during the first quarter. Acadian Asset Management LLC now owns 7,595,322 shares of the cable giant’s stock worth $280,238,000 after buying an additional 4,128,434 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Comcast by 76.6% in the first quarter. The Manufacturers Life Insurance Company now owns 9,440,738 shares of the cable giant’s stock valued at $348,363,000 after acquiring an additional 4,096,382 shares during the period. 84.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Comcast in a research note on Tuesday, October 14th. Moffett Nathanson upped their price objective on shares of Comcast from $56.00 to $58.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Scotiabank reiterated a “sector perform” rating and issued a $45.50 target price (up previously from $45.00) on shares of Comcast in a research note on Monday, October 6th. Sanford C. Bernstein lowered their price target on Comcast from $37.00 to $36.00 and set a “market perform” rating on the stock in a research note on Wednesday, September 10th. Finally, Barclays reduced their price objective on Comcast from $35.00 to $34.00 and set an “equal weight” rating for the company in a research report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Comcast presently has a consensus rating of “Hold” and a consensus target price of $39.76.

Comcast Stock Up 0.5%

Shares of NASDAQ:CMCSA opened at $29.42 on Tuesday. The company’s fifty day moving average is $31.84 and its 200-day moving average is $33.48. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.91 and a current ratio of 0.91. Comcast Corporation has a 52 week low of $29.15 and a 52 week high of $45.31. The company has a market capitalization of $108.62 billion, a PE ratio of 4.86, a P/E/G ratio of 1.73 and a beta of 0.94.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) for the quarter. The firm had revenue of $30.34 billion during the quarter. Comcast had a net margin of 18.44% and a return on equity of 18.86%. Equities research analysts predict that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

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.