JFS Wealth Advisors LLC Boosts Stake in Comcast Co. (NASDAQ:CMCSA)

JFS Wealth Advisors LLC increased its stake in Comcast Co. (NASDAQ:CMCSA) by 14.1% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 19,321 shares of the cable giant’s stock after buying an additional 2,395 shares during the quarter. JFS Wealth Advisors LLC’s holdings in Comcast were worth $807,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in CMCSA. Fairscale Capital LLC purchased a new stake in shares of Comcast in the 2nd quarter worth approximately $26,000. Strategic Financial Concepts LLC bought a new position in Comcast in the 2nd quarter valued at approximately $27,000. IAG Wealth Partners LLC lifted its position in Comcast by 204.7% in the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 522 shares in the last quarter. McClarren Financial Advisors Inc. lifted its position in Comcast by 365.4% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 570 shares in the last quarter. Finally, Archer Investment Corp lifted its position in Comcast by 177.1% in the 2nd quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock valued at $32,000 after acquiring an additional 519 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Trading Up 3.4 %

NASDAQ:CMCSA opened at $43.67 on Friday. 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 firm has a market capitalization of $171.34 billion, a price-to-earnings ratio of 11.55, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01. Comcast Co. has a one year low of $36.43 and a one year high of $47.11. The business has a fifty day moving average price of $40.73 and a 200-day moving average price of $39.55.

Analysts Set New Price Targets

CMCSA has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft lowered their price objective on Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Rosenblatt Securities reissued a “neutral” rating and set a $45.00 price target on shares of Comcast in a report on Wednesday, July 24th. StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 24th. Scotiabank increased their price target on Comcast from $47.25 to $47.75 and gave the company a “sector perform” rating in a report on Friday, October 18th. Finally, Barclays lowered their price target on Comcast from $41.00 to $40.00 and set an “equal weight” rating on the stock in a report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently 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.