Comcast Co. (NASDAQ:CMCSA) Shares Sold by Folger Nolan Fleming Douglas Capital Management Inc.

Folger Nolan Fleming Douglas Capital Management Inc. trimmed its position in shares of Comcast Co. (NASDAQ:CMCSA) by 5.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,374 shares of the cable giant’s stock after selling 350 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Comcast were worth $266,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Capital World Investors raised its holdings 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 in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Comcast by 2.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 38,329,384 shares of the cable giant’s stock valued at $1,500,722,000 after acquiring an additional 1,000,626 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake 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 in the last quarter. Ontario Teachers Pension Plan Board raised its position in shares of Comcast by 25,881.7% during the first quarter. Ontario Teachers Pension Plan Board now owns 10,850,995 shares of the cable giant’s stock worth $470,391,000 after purchasing an additional 10,809,231 shares during the period. Finally, First Pacific Advisors LP lifted its holdings in shares of Comcast by 2.1% during the second 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 last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Trading Up 0.4 %

Comcast stock opened at $42.24 on Thursday. Comcast Co. has a one year low of $36.43 and a one year high of $47.11. The company’s fifty day moving average price is $40.64 and its two-hundred day moving average price is $39.52. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.66 and a quick ratio of 0.66. The company has a market capitalization of $165.73 billion, a price-to-earnings ratio of 11.17, a PEG ratio of 1.10 and a beta of 1.01.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Benchmark reissued a “buy” rating and issued a $55.00 price target on shares of Comcast in a research note on Wednesday. Pivotal Research cut their price target 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. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Comcast from $50.00 to $49.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Barclays cut their target price on shares of 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, Scotiabank raised their target price on Comcast from $47.25 to $47.75 and gave the stock a “sector perform” rating in a research report on Friday, October 18th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $45.58.

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.