Welch Group LLC Sells 600 Shares of Comcast Co. (NASDAQ:CMCSA)

Welch Group LLC cut its holdings in Comcast Co. (NASDAQ:CMCSA) by 9.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,775 shares of the cable giant’s stock after selling 600 shares during the quarter. Welch Group LLC’s holdings in Comcast were worth $241,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of CMCSA. Capital World Investors lifted its position in shares of Comcast by 7.4% in the 1st quarter. Capital World Investors now owns 115,703,280 shares of the cable giant’s stock worth $5,015,737,000 after purchasing an additional 7,929,963 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Comcast by 2.7% in the second quarter. Dimensional Fund Advisors LP now owns 38,329,384 shares of the cable giant’s stock worth $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 shares of Comcast by 41.7% during 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 period. Ontario Teachers Pension Plan Board raised its position in shares of Comcast by 25,881.7% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 10,850,995 shares of the cable giant’s stock worth $470,391,000 after acquiring an additional 10,809,231 shares in the last quarter. Finally, First Pacific Advisors LP lifted its stake in shares of Comcast by 2.1% in the 2nd quarter. First Pacific Advisors LP now owns 10,818,009 shares of the cable giant’s stock valued at $423,633,000 after purchasing an additional 219,894 shares during the period. 84.32% of the stock is owned by institutional investors.

Comcast Stock Performance

Shares of CMCSA stock traded up $0.04 during mid-day trading on Monday, reaching $41.70. 1,355,567 shares of the company’s stock traded hands, compared to its average volume of 19,450,963. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.11. The firm has a 50 day moving average price of $40.52 and a two-hundred day moving average price of $39.47. The firm has a market capitalization of $163.62 billion, a PE ratio of 11.08, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.66 and a current ratio of 0.66.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CMCSA shares. KeyCorp lowered their price target on shares of Comcast from $45.00 to $44.00 and set an “overweight” rating for the company in a research report on Wednesday, July 24th. StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 24th. Pivotal Research cut their price target on Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Macquarie reiterated a “neutral” rating and set a $40.00 price objective on shares of Comcast in a research note on Wednesday, July 24th. Finally, Evercore ISI cut their target price on Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 2nd. One investment 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 stock currently has an average rating of “Hold” and a consensus price target of $45.58.

Comcast 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.