Investment Research & Advisory Group Inc. reduced its stake in Comcast Co. (NASDAQ:CMCSA – Free Report) by 98.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 795 shares of the cable giant’s stock after selling 56,014 shares during the quarter. Investment Research & Advisory Group Inc.’s holdings in Comcast were worth $33,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Fairscale Capital LLC purchased a new stake in shares of Comcast during the 2nd quarter valued at approximately $26,000. McClarren Financial Advisors Inc. increased its stake in Comcast by 365.4% during the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after acquiring an additional 570 shares during the last quarter. Iron Horse Wealth Management LLC raised its position in Comcast by 220.3% in the third quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock valued at $32,000 after purchasing an additional 522 shares during the period. IAG Wealth Partners LLC lifted its stake in shares of Comcast by 204.7% in the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 522 shares during the last quarter. Finally, Archer Investment Corp grew its holdings in shares of Comcast by 177.1% during the 2nd quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock worth $32,000 after purchasing an additional 519 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.
Comcast Price Performance
Shares of NASDAQ CMCSA opened at $41.65 on Friday. The stock’s 50-day moving average is $40.44 and its two-hundred day moving average is $39.45. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.66 and a quick ratio of 0.66. The company has a market cap of $163.42 billion, a price-to-earnings ratio of 11.02, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.11.
Analyst Upgrades and Downgrades
CMCSA has been the topic of several research analyst reports. KeyCorp reduced their price objective on shares of Comcast from $45.00 to $44.00 and set an “overweight” rating on the stock in a report on Wednesday, July 24th. Macquarie restated a “neutral” rating and issued a $40.00 price objective on shares of Comcast in a report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Comcast from $50.00 to $49.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Pivotal Research cut their target price on Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Finally, Rosenblatt Securities restated a “neutral” rating and set a $45.00 price target on shares of Comcast in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $45.58.
View Our Latest Analysis on Comcast
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.
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