First Trust Direct Indexing L.P. Grows Stock Position in Comcast Co. (NASDAQ:CMCSA)

First Trust Direct Indexing L.P. lifted its position in Comcast Co. (NASDAQ:CMCSA) by 16.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 127,265 shares of the cable giant’s stock after purchasing an additional 17,584 shares during the period. First Trust Direct Indexing L.P.’s holdings in Comcast were worth $5,316,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of CMCSA. Pathway Financial Advisers LLC increased its stake in shares of Comcast by 4,108.2% in the 3rd quarter. Pathway Financial Advisers LLC now owns 8,248 shares of the cable giant’s stock valued at $345,000 after purchasing an additional 8,052 shares in the last quarter. WD Rutherford LLC grew its holdings in Comcast by 30.5% in the third quarter. WD Rutherford LLC now owns 65,331 shares of the cable giant’s stock valued at $2,729,000 after purchasing an additional 15,260 shares during the period. Avitas Wealth Management LLC increased its position in shares of Comcast by 1.2% in the third quarter. Avitas Wealth Management LLC now owns 58,162 shares of the cable giant’s stock valued at $2,429,000 after buying an additional 700 shares in the last quarter. Childress Capital Advisors LLC raised its stake in shares of Comcast by 5.5% during the 3rd quarter. Childress Capital Advisors LLC now owns 9,407 shares of the cable giant’s stock worth $393,000 after buying an additional 494 shares during the period. Finally, Valmark Advisers Inc. lifted its position in shares of Comcast by 9.4% during the 3rd quarter. Valmark Advisers Inc. now owns 15,948 shares of the cable giant’s stock valued at $666,000 after buying an additional 1,364 shares in the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Trading Up 0.6 %

Shares of NASDAQ CMCSA traded up $0.27 during midday trading on Wednesday, reaching $42.34. 7,283,232 shares of the stock were exchanged, compared to its average volume of 19,483,422. The stock has a market capitalization of $166.13 billion, a P/E ratio of 11.14, a PEG 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. The company has a 50 day simple moving average of $40.59 and a 200 day simple moving average of $39.50. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.11.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CMCSA. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Comcast from $50.00 to $49.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. KeyCorp reduced 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. Rosenblatt Securities reiterated a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a report on Wednesday, July 24th. Benchmark reissued a “buy” rating and set a $55.00 target price on shares of Comcast in a report on Wednesday. Finally, StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 24th. 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 MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $45.58.

Comcast Company 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.