Comcast Co. (NASDAQ:CMCSA) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lessened its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 27.6% during the 3rd quarter, Holdings Channel reports. The firm owned 113,593 shares of the cable giant’s stock after selling 43,212 shares during the period. Assenagon Asset Management S.A.’s holdings in Comcast were worth $4,745,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Fairscale Capital LLC acquired a new stake in shares of Comcast during the second quarter worth about $26,000. McClarren Financial Advisors Inc. lifted 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 worth $30,000 after purchasing an additional 570 shares in the last quarter. Iron Horse Wealth Management LLC raised its holdings in Comcast by 220.3% in the third quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock valued at $32,000 after acquiring an additional 522 shares in the last quarter. IAG Wealth Partners LLC raised its holdings in Comcast by 204.7% in the second quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 522 shares in the last quarter. Finally, Archer Investment Corp raised its holdings 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 acquiring an additional 519 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Performance

Shares of CMCSA opened at $42.07 on Wednesday. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.16. The firm has a market cap of $165.07 billion, a PE ratio of 11.13, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01. The company’s 50 day simple moving average is $40.59 and its 200-day simple moving average is $39.50. Comcast Co. has a 12-month low of $36.43 and a 12-month high of $47.11.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on CMCSA shares. StockNews.com cut shares of Comcast from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 24th. Macquarie reaffirmed a “neutral” rating and issued a $40.00 target price on shares of Comcast in a report on Wednesday, July 24th. Pivotal Research reduced 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. Scotiabank increased their price target 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. Finally, KeyCorp dropped their price target on shares of Comcast from $45.00 to $44.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 24th. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Comcast currently has a consensus rating of “Hold” and an average price target 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.