Comcast Co. (NASDAQ:CMCSA) Shares Sold by Custom Index Systems LLC

Custom Index Systems LLC decreased its stake in Comcast Co. (NASDAQ:CMCSA) by 12.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,471 shares of the cable giant’s stock after selling 1,323 shares during the period. Custom Index Systems LLC’s holdings in Comcast were worth $396,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Fairscale Capital LLC bought a new stake in Comcast in the second quarter worth about $26,000. Strategic Financial Concepts LLC purchased a new stake in shares of Comcast in the second quarter worth approximately $27,000. IAG Wealth Partners LLC boosted its stake in shares of Comcast by 204.7% during the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after buying an additional 522 shares during the period. McClarren Financial Advisors Inc. grew its stake in Comcast by 365.4% in the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 570 shares in the last quarter. Finally, Archer Investment Corp grew its stake in shares of Comcast by 177.1% in the 2nd quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock valued at $32,000 after buying an additional 519 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

Comcast Stock Performance

Shares of CMCSA stock opened at $41.66 on Monday. 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 stock has a market capitalization of $163.46 billion, a PE ratio of 11.02, a PEG ratio of 1.10 and a beta of 1.01. The business’s 50 day simple moving average is $40.52 and its 200 day simple moving average is $39.47. Comcast Co. has a one year low of $36.43 and a one year high of $47.11.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CMCSA shares. Deutsche Bank Aktiengesellschaft lowered their price objective on Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Macquarie reaffirmed a “neutral” rating and issued a $40.00 price target on shares of Comcast in a report on Wednesday, July 24th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $45.00 price objective on shares of Comcast in a report on Wednesday, July 24th. Barclays decreased their price target on Comcast from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 25th. Finally, KeyCorp decreased their price objective on shares of Comcast from $45.00 to $44.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 24th. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the stock. According to 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.