State of Alaska Department of Revenue Has $28.73 Million Stock Position in Comcast Co. (NASDAQ:CMCSA)

State of Alaska Department of Revenue lessened its stake in Comcast Co. (NASDAQ:CMCSA) by 6.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 687,902 shares of the cable giant’s stock after selling 48,640 shares during the quarter. State of Alaska Department of Revenue’s holdings in Comcast were worth $28,732,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Fairscale Capital LLC bought a new stake in Comcast in the 2nd quarter valued at approximately $26,000. Strategic Financial Concepts LLC bought a new stake in shares of Comcast in the second quarter worth $27,000. IAG Wealth Partners LLC lifted its position in shares of Comcast by 204.7% in the second quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock worth $30,000 after purchasing an additional 522 shares in the last quarter. McClarren Financial Advisors Inc. boosted its holdings in Comcast by 365.4% during the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after purchasing an additional 570 shares during the last quarter. Finally, Archer Investment Corp grew its position in Comcast by 177.1% in the second quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock valued at $32,000 after purchasing an additional 519 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on CMCSA shares. KeyCorp cut their price target on shares of Comcast from $45.00 to $44.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 24th. StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 24th. Macquarie restated a “neutral” rating and issued a $40.00 price target on shares of Comcast in a research note on Wednesday, July 24th. Barclays dropped their price objective on Comcast from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 25th. Finally, Pivotal Research lowered their target price on shares of Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a report 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.com, the stock presently has a consensus rating of “Hold” and an average target price of $45.58.

Comcast Stock Up 0.0 %

Shares of CMCSA opened at $41.66 on Friday. The firm has a market cap of $163.46 billion, a P/E ratio of 11.02, 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. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.11. The firm’s 50-day simple moving average is $40.52 and its 200 day simple moving average is $39.47.

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.