Comcast Co. (NASDAQ:CMCSA) Shares Sold by Diversify Advisory Services LLC

Diversify Advisory Services LLC lessened its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 4.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 58,872 shares of the cable giant’s stock after selling 2,700 shares during the quarter. Diversify Advisory Services LLC’s holdings in Comcast were worth $2,446,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of CMCSA. Ontario Teachers Pension Plan Board lifted its position in shares of Comcast by 25,881.7% during the first quarter. Ontario Teachers Pension Plan Board now owns 10,850,995 shares of the cable giant’s stock worth $470,391,000 after purchasing an additional 10,809,231 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Comcast by 41.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 28,016,389 shares of the cable giant’s stock valued at $1,214,512,000 after buying an additional 8,243,302 shares during the last quarter. Capital World Investors raised its stake in Comcast by 7.4% during the first quarter. Capital World Investors now owns 115,703,280 shares of the cable giant’s stock valued at $5,015,737,000 after buying an additional 7,929,963 shares in the last quarter. Canada Pension Plan Investment Board lifted its holdings in Comcast by 80.9% during the 1st quarter. Canada Pension Plan Investment Board now owns 10,542,253 shares of the cable giant’s stock worth $457,007,000 after buying an additional 4,714,586 shares during the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of Comcast by 92.1% in the 2nd quarter. AQR Capital Management LLC now owns 8,722,620 shares of the cable giant’s stock valued at $339,223,000 after acquiring an additional 4,182,525 shares during the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Price Performance

Shares of CMCSA opened at $42.07 on Wednesday. Comcast Co. has a one year low of $36.43 and a one year high of $47.11. The stock’s fifty day moving average is $40.59 and its 200-day moving average is $39.50. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.66 and a current ratio of 0.66. The firm has a market capitalization of $165.07 billion, a price-to-earnings ratio of 11.13, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01.

Analysts Set New Price Targets

Several equities analysts recently issued reports on CMCSA shares. Pivotal Research reduced their price objective on Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 24th. KeyCorp lowered their price objective on shares of Comcast from $45.00 to $44.00 and set an “overweight” rating for the company in a research report on Wednesday, July 24th. Rosenblatt Securities reissued a “neutral” rating and issued a $45.00 target price on shares of Comcast in a report on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Comcast from $50.00 to $49.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $45.58.

About Comcast

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.