Lynch Asset Management Inc. Has $1.34 Million Stock Position in Comcast Co. (NASDAQ:CMCSA)

Lynch Asset Management Inc. lowered its holdings in Comcast Co. (NASDAQ:CMCSA) by 15.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 32,000 shares of the cable giant’s stock after selling 5,800 shares during the quarter. Lynch Asset Management Inc.’s holdings in Comcast were worth $1,337,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Hamlin Capital Management LLC grew its holdings in shares of Comcast by 8.2% during the 3rd quarter. Hamlin Capital Management LLC now owns 2,822,379 shares of the cable giant’s stock worth $117,891,000 after purchasing an additional 213,913 shares in the last quarter. Smith Salley Wealth Management boosted its stake in Comcast by 1.3% in the 3rd quarter. Smith Salley Wealth Management now owns 26,323 shares of the cable giant’s stock valued at $1,100,000 after buying an additional 337 shares in the last quarter. Bristlecone Advisors LLC boosted its stake in Comcast by 7.1% in the 3rd quarter. Bristlecone Advisors LLC now owns 62,585 shares of the cable giant’s stock valued at $2,614,000 after buying an additional 4,131 shares in the last quarter. Mattern Capital Management LLC boosted its stake in Comcast by 2.0% in the 3rd quarter. Mattern Capital Management LLC now owns 193,546 shares of the cable giant’s stock valued at $8,084,000 after buying an additional 3,883 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its stake in Comcast by 0.8% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 3,965,486 shares of the cable giant’s stock valued at $163,500,000 after buying an additional 32,588 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Ratings Changes

CMCSA has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft decreased their price target on Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Macquarie reiterated a “neutral” rating and issued a $40.00 price objective on shares of Comcast in a research report on Wednesday, July 24th. KeyCorp dropped their target price on Comcast from $45.00 to $44.00 and set an “overweight” rating for the company in a research report on Wednesday, July 24th. Rosenblatt Securities restated a “neutral” rating and set a $45.00 target price on shares of Comcast in a research report on Wednesday, July 24th. Finally, Evercore ISI dropped their target price on Comcast from $50.00 to $48.00 and set an “outperform” rating for the company in a research report on Tuesday, July 2nd. One 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, the stock presently has a consensus rating of “Hold” and an average price target of $45.58.

Comcast Stock Up 0.0 %

NASDAQ CMCSA traded up $0.01 during trading hours on Friday, hitting $41.66. 19,363,495 shares of the company traded hands, compared to its average volume of 19,538,361. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.11. The stock has a market capitalization of $163.46 billion, a price-to-earnings ratio of 11.02, a P/E/G ratio of 1.10 and a beta of 1.01. The business’s 50-day moving average is $40.52 and its 200-day moving average is $39.47. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.66 and a current ratio of 0.66.

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.