Comcast Co. (NASDAQ:CMCSA) Shares Sold by Boston Financial Mangement LLC

Boston Financial Mangement LLC trimmed its position in Comcast Co. (NASDAQ:CMCSA) by 6.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,351 shares of the cable giant’s stock after selling 1,230 shares during the period. Boston Financial Mangement LLC’s holdings in Comcast were worth $767,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Fairscale Capital LLC purchased a new stake in Comcast in the second quarter valued at $26,000. Strategic Financial Concepts LLC purchased a new stake in Comcast in the second quarter valued at $27,000. IAG Wealth Partners LLC boosted its holdings in Comcast by 204.7% in the second 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. McClarren Financial Advisors Inc. boosted its holdings 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 during the last quarter. Finally, Archer Investment Corp boosted its holdings in Comcast by 177.1% in the second quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock valued at $32,000 after purchasing an additional 519 shares during the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on CMCSA shares. Barclays decreased their price target on shares of Comcast from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 25th. Macquarie reaffirmed a “neutral” rating and issued a $40.00 price target on shares of Comcast in a research note on Wednesday, July 24th. Pivotal Research decreased their price target on shares of 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 lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 24th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. One investment 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’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $45.58.

Comcast Stock Up 0.5 %

Shares of NASDAQ CMCSA opened at $42.07 on Wednesday. The company has a 50 day simple moving average of $40.59 and a 200-day simple moving average of $39.50. The company has a market capitalization of $165.07 billion, a P/E ratio of 11.13, a P/E/G ratio of 1.10 and a beta of 1.01. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.66 and a quick ratio of 0.66. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.11.

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.