Comcast Co. (NASDAQ:CMCSA) Shares Sold by WASHINGTON TRUST Co

WASHINGTON TRUST Co cut its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 5.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 260,537 shares of the cable giant’s stock after selling 15,333 shares during the period. WASHINGTON TRUST Co’s holdings in Comcast were worth $10,883,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Capital Investment Advisors LLC increased its position in shares of Comcast by 4.5% in the 2nd quarter. Capital Investment Advisors LLC now owns 36,027 shares of the cable giant’s stock worth $1,411,000 after purchasing an additional 1,550 shares during the last quarter. First Hawaiian Bank increased its holdings in shares of Comcast by 8.9% in the 2nd quarter. First Hawaiian Bank now owns 191,846 shares of the cable giant’s stock valued at $7,513,000 after acquiring an additional 15,664 shares during the last quarter. BNP Paribas bought a new position in Comcast during the first quarter worth $4,117,000. Douglas Lane & Associates LLC boosted its holdings in Comcast by 0.7% in the third quarter. Douglas Lane & Associates LLC now owns 2,210,469 shares of the cable giant’s stock worth $92,331,000 after purchasing an additional 15,807 shares during the period. Finally, American National Bank & Trust Co. VA bought a new stake in Comcast during the first quarter valued at $426,000. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Stock Up 0.2 %

Shares of CMCSA stock traded up $0.08 during trading on Wednesday, hitting $42.15. 6,244,382 shares of the company were exchanged, compared to its average volume of 19,480,205. The firm has a market capitalization of $165.38 billion, a price-to-earnings ratio of 11.14, 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 quick ratio of 0.66 and a current ratio of 0.66. The business’s 50-day simple moving average is $40.59 and its 200 day simple moving average is $39.50. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.11.

Wall Street Analyst Weigh In

CMCSA has been the subject of a number of recent research reports. 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. Benchmark restated a “buy” rating and set a $55.00 price objective on shares of Comcast in a research report on Wednesday. Macquarie reiterated a “neutral” rating and issued a $40.00 target price on shares of Comcast in a research note on Wednesday, July 24th. Evercore ISI cut their price objective on shares of Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 2nd. Finally, Pivotal Research cut their price target on Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a report 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. Based on data from MarketBeat, Comcast currently has an average rating of “Hold” and an average price target 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.