AustralianSuper Pty Ltd Grows Stake in Comcast Co. (NASDAQ:CMCSA)

AustralianSuper Pty Ltd lifted its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 128.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,707,328 shares of the cable giant’s stock after acquiring an additional 958,647 shares during the quarter. AustralianSuper Pty Ltd’s holdings in Comcast were worth $71,315,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Fairscale Capital LLC purchased a new stake in Comcast in the second quarter worth $26,000. Strategic Financial Concepts LLC purchased a new stake in shares of Comcast in the 2nd quarter worth about $27,000. IAG Wealth Partners LLC grew its position in shares of Comcast by 204.7% in the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock worth $30,000 after buying an additional 522 shares during the period. McClarren Financial Advisors Inc. lifted its position in Comcast by 365.4% during 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 during the period. Finally, Archer Investment Corp boosted its stake in Comcast by 177.1% during the second quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock worth $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.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Scotiabank lifted their target price 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. Pivotal Research dropped their target price on Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft cut their target price on Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Barclays lowered their price target on Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a research report on Thursday, July 25th. Finally, Benchmark restated a “buy” rating and set a $55.00 price objective on shares of Comcast in a research note on Wednesday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $45.58.

Comcast Stock Performance

NASDAQ:CMCSA traded up $0.93 during trading hours on Thursday, reaching $43.17. The company had a trading volume of 11,878,668 shares, compared to its average volume of 19,545,061. The firm’s 50 day moving average price is $40.64 and its 200-day moving average price is $39.52. The firm has a market cap of $169.38 billion, a price-to-earnings ratio of 11.17, a PEG ratio of 1.10 and a beta of 1.01. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.16. Comcast Co. has a 52 week low of $36.43 and a 52 week 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.