Jacobsen Capital Management Sells 337 Shares of Comcast Co. (NASDAQ:CMCSA)

Jacobsen Capital Management lowered its position in shares of Comcast Co. (NASDAQ:CMCSA) by 4.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,036 shares of the cable giant’s stock after selling 337 shares during the period. Jacobsen Capital Management’s holdings in Comcast were worth $294,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CMCSA. Fairscale Capital LLC bought a new stake in shares of Comcast in the 2nd quarter valued at about $26,000. Strategic Financial Concepts LLC bought a new stake in shares of Comcast in the 2nd quarter valued at about $27,000. IAG Wealth Partners LLC grew its position in shares of Comcast by 204.7% in 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 during the last quarter. McClarren Financial Advisors Inc. grew its position in shares of Comcast by 365.4% in the 3rd 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 last quarter. Finally, Archer Investment Corp grew its position in shares of Comcast by 177.1% in the 2nd quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock valued at $32,000 after buying an additional 519 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on CMCSA. Pivotal Research reduced their price target on Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Rosenblatt Securities reiterated a “neutral” rating and issued a $45.00 price target on shares of Comcast in a research report on Wednesday, July 24th. Evercore ISI cut their target price on Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 2nd. Barclays cut their target price on Comcast from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 25th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $45.58.

Comcast Stock Performance

Shares of Comcast stock opened at $42.07 on Wednesday. The company 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. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.11. The business has a 50 day moving average price of $40.59 and a 200-day moving average price of $39.50. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.16.

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.