Custom Index Systems LLC Sells 1,323 Shares of Comcast Co. (NASDAQ:CMCSA)

Custom Index Systems LLC decreased its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 12.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. Claro Advisors LLC lifted its position in shares of Comcast by 17.9% during the first quarter. Claro Advisors LLC now owns 18,868 shares of the cable giant’s stock worth $818,000 after purchasing an additional 2,870 shares during the last quarter. Hexagon Capital Partners LLC lifted its holdings in shares of Comcast by 28.9% during the first quarter. Hexagon Capital Partners LLC now owns 5,222 shares of the cable giant’s stock worth $226,000 after purchasing an additional 1,170 shares during the period. Oak Thistle LLC acquired a new stake in Comcast during the 1st quarter valued at approximately $438,000. Allspring Global Investments Holdings LLC boosted its holdings in Comcast by 18.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,063,878 shares of the cable giant’s stock valued at $89,469,000 after purchasing an additional 322,450 shares during the last quarter. Finally, Iams Wealth Management LLC boosted its stake in shares of Comcast by 2.4% in the first quarter. Iams Wealth Management LLC now owns 38,973 shares of the cable giant’s stock worth $1,643,000 after buying an additional 902 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors.

Comcast Stock Up 0.0 %

Shares of NASDAQ:CMCSA opened at $41.66 on Monday. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.11. The stock has a 50-day simple moving average of $40.52 and a 200-day simple moving average of $39.47. The stock has a market capitalization of $163.46 billion, a P/E ratio of 11.02, a PEG 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

A number of research firms recently weighed in on CMCSA. StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 24th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $45.00 price objective on shares of Comcast in a research note on Wednesday, July 24th. Evercore ISI cut their target price on Comcast from $50.00 to $48.00 and set an “outperform” rating for the company in a research note on Tuesday, July 2nd. Pivotal Research lowered their price objective on Comcast from $48.00 to $47.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Finally, Scotiabank upped their target price on shares of Comcast from $47.25 to $47.75 and gave the company a “sector perform” rating in a research report on Friday, October 18th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus 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.