Childress Capital Advisors LLC Acquires 494 Shares of Comcast Co. (NASDAQ:CMCSA)

Childress Capital Advisors LLC lifted its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 5.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 9,407 shares of the cable giant’s stock after buying an additional 494 shares during the quarter. Childress Capital Advisors LLC’s holdings in Comcast were worth $393,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Capital World Investors lifted its position in Comcast by 7.4% in 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 purchasing an additional 7,929,963 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Comcast by 2.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 38,329,384 shares of the cable giant’s stock valued at $1,500,722,000 after buying an additional 1,000,626 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Comcast by 41.7% in the 1st 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 acquiring an additional 8,243,302 shares during the last quarter. Ontario Teachers Pension Plan Board increased its position in shares of Comcast by 25,881.7% in the first quarter. Ontario Teachers Pension Plan Board now owns 10,850,995 shares of the cable giant’s stock valued at $470,391,000 after acquiring an additional 10,809,231 shares during the period. Finally, First Pacific Advisors LP raised its stake in shares of Comcast by 2.1% during the second quarter. First Pacific Advisors LP now owns 10,818,009 shares of the cable giant’s stock valued at $423,633,000 after acquiring an additional 219,894 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CMCSA. Macquarie restated a “neutral” rating and set a $40.00 price target on shares of Comcast in a report on Wednesday, July 24th. StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 24th. Scotiabank lifted their price target on shares of Comcast from $47.25 to $47.75 and gave the company a “sector perform” rating in a report on Friday, October 18th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Comcast from $50.00 to $49.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Finally, Pivotal Research cut their target price 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. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently 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. Comcast Co. has a 12-month low of $36.43 and a 12-month high of $47.11. The stock has a market capitalization of $165.07 billion, a price-to-earnings ratio of 11.13, a PEG ratio of 1.10 and a beta of 1.01. The stock has a fifty day simple moving average of $40.59 and a two-hundred day simple moving average of $39.50. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.16.

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.