Bristlecone Advisors LLC Increases Stake in Comcast Co. (NASDAQ:CMCSA)

Bristlecone Advisors LLC raised its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 7.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 62,585 shares of the cable giant’s stock after purchasing an additional 4,131 shares during the quarter. Bristlecone Advisors LLC’s holdings in Comcast were worth $2,614,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CMCSA. Fairscale Capital LLC purchased a new position in shares of Comcast in the second quarter valued at $26,000. Strategic Financial Concepts LLC bought a new position in Comcast in the 2nd quarter worth about $27,000. IAG Wealth Partners LLC grew its holdings in Comcast by 204.7% during the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after buying an additional 522 shares in the last quarter. McClarren Financial Advisors Inc. increased its position in shares of Comcast by 365.4% during the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after buying an additional 570 shares during the period. Finally, Archer Investment Corp lifted its holdings in shares of Comcast by 177.1% in the second quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock worth $32,000 after buying an additional 519 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Up 0.0 %

Shares of NASDAQ:CMCSA opened at $41.66 on Friday. The stock has a market capitalization 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 stock’s 50-day moving average price is $40.52 and its 200-day moving average price is $39.47. 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 12-month low of $36.43 and a 12-month high of $47.11.

Wall Street Analyst Weigh In

CMCSA has been the subject of several recent analyst reports. Scotiabank boosted their price objective on shares of Comcast from $47.25 to $47.75 and gave the company a “sector perform” rating in a research note on Friday, October 18th. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $45.00 price target on shares of Comcast in a report on Wednesday, July 24th. Macquarie reissued a “neutral” rating and set a $40.00 price objective on shares of Comcast in a research note on Wednesday, July 24th. Pivotal Research decreased their target price on Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Finally, KeyCorp lowered their price target on Comcast from $45.00 to $44.00 and set an “overweight” rating on the stock in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price 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.