Folger Nolan Fleming Douglas Capital Management Inc. cut its holdings in shares of Comcast Co. (NASDAQ:CMCSA – Free Report) by 5.2% in the third quarter, Holdings Channel reports. The institutional investor owned 6,374 shares of the cable giant’s stock after selling 350 shares during the quarter. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Comcast were worth $266,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently modified their holdings of the business. Fairscale Capital LLC acquired a new position in Comcast in the 2nd quarter valued at approximately $26,000. Strategic Financial Concepts LLC bought a new position in Comcast in the second quarter worth $27,000. IAG Wealth Partners LLC boosted its stake in Comcast by 204.7% during the second quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock worth $30,000 after buying an additional 522 shares in the last quarter. McClarren Financial Advisors Inc. increased its holdings in 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 period. Finally, Archer Investment Corp raised its stake 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 in the last quarter. 84.32% of the stock is owned by institutional investors.
Comcast Price Performance
Shares of NASDAQ:CMCSA opened at $42.24 on Thursday. The company’s fifty day moving average is $40.64 and its 200 day moving average is $39.52. 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 Co. has a 52 week low of $36.43 and a 52 week high of $47.11. The stock has a market cap of $165.73 billion, a PE ratio of 11.17, a PEG ratio of 1.10 and a beta of 1.01.
Analyst Ratings Changes
Check Out Our Latest Report on CMCSA
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.
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