Tevis Investment Management Grows Stake in Comcast Co. (NASDAQ:CMCSA)

Tevis Investment Management raised its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 1.6% during the third quarter, HoldingsChannel reports. The firm owned 37,975 shares of the cable giant’s stock after buying an additional 593 shares during the quarter. Comcast comprises 1.2% of Tevis Investment Management’s holdings, making the stock its 28th largest position. Tevis Investment Management’s holdings in Comcast were worth $1,586,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

A number of analysts recently weighed in on CMCSA shares. StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 24th. Pivotal Research decreased their price target on Comcast from $48.00 to $47.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a research report on Wednesday, July 24th. Benchmark reiterated a “buy” rating and set a $55.00 target price on shares of Comcast in a research report on Wednesday. Finally, Barclays cut their price target 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 issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $45.58.

Comcast Price Performance

Shares of CMCSA stock opened at $42.24 on Thursday. The company has a market cap of $165.73 billion, a P/E ratio of 11.17, a PEG 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. The stock’s 50-day moving average is $40.64 and its 200 day moving average is $39.52. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.11.

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.