Diversify Wealth Management LLC Raises Stock Position in Comcast Co. (NASDAQ:CMCSA)

Diversify Wealth Management LLC boosted its position in Comcast Co. (NASDAQ:CMCSA) by 14.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,117 shares of the cable giant’s stock after purchasing an additional 6,253 shares during the quarter. Diversify Wealth Management LLC’s holdings in Comcast were worth $2,041,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Pinnacle Associates Ltd. boosted its position in shares of Comcast by 20.7% during the 3rd quarter. Pinnacle Associates Ltd. now owns 733,299 shares of the cable giant’s stock valued at $32,155,000 after acquiring an additional 125,633 shares during the last quarter. First Trust Direct Indexing L.P. lifted its position in Comcast by 16.0% during the third quarter. First Trust Direct Indexing L.P. now owns 127,265 shares of the cable giant’s stock valued at $5,316,000 after purchasing an additional 17,584 shares during the last quarter. Pathway Financial Advisers LLC grew its stake in Comcast by 4,108.2% in the 3rd quarter. Pathway Financial Advisers LLC now owns 8,248 shares of the cable giant’s stock worth $345,000 after buying an additional 8,052 shares in the last quarter. WD Rutherford LLC increased its holdings in shares of Comcast by 30.5% in the 3rd quarter. WD Rutherford LLC now owns 65,331 shares of the cable giant’s stock worth $2,729,000 after buying an additional 15,260 shares during the last quarter. Finally, Avitas Wealth Management LLC raised its position in shares of Comcast by 1.2% during the 3rd quarter. Avitas Wealth Management LLC now owns 58,162 shares of the cable giant’s stock valued at $2,429,000 after buying an additional 700 shares in the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on CMCSA. Macquarie reiterated a “neutral” rating and issued a $40.00 target price on shares of Comcast in a research report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft decreased 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. Benchmark reiterated a “buy” rating and set a $55.00 price target on shares of Comcast in a research report on Wednesday. Rosenblatt Securities restated a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a report on Wednesday, July 24th. Finally, Barclays reduced their target price on shares of Comcast from $41.00 to $40.00 and set an “equal weight” rating on the stock in a report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $45.58.

Comcast Stock Performance

NASDAQ:CMCSA opened at $42.24 on Thursday. The firm’s fifty day simple moving average is $40.64 and its 200 day simple moving average is $39.52. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.11. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.16. The stock has a market cap of $165.73 billion, a P/E ratio of 11.17, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01.

Comcast Company 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.