State of Alaska Department of Revenue Has $28.73 Million Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

State of Alaska Department of Revenue decreased its position in Comcast Co. (NASDAQ:CMCSA) by 6.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 687,902 shares of the cable giant’s stock after selling 48,640 shares during the quarter. State of Alaska Department of Revenue’s holdings in Comcast were worth $28,732,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Vicus Capital grew its holdings in shares of Comcast by 145.4% during the first quarter. Vicus Capital now owns 14,198 shares of the cable giant’s stock worth $615,000 after purchasing an additional 8,413 shares during the last quarter. Cornerstone Wealth Group LLC lifted its position in Comcast by 24.6% during the 1st quarter. Cornerstone Wealth Group LLC now owns 10,849 shares of the cable giant’s stock worth $470,000 after buying an additional 2,139 shares in the last quarter. Oak Asset Management LLC grew its holdings in Comcast by 0.8% during the 1st quarter. Oak Asset Management LLC now owns 78,128 shares of the cable giant’s stock worth $3,387,000 after acquiring an additional 650 shares during the last quarter. Aviance Capital Partners LLC increased its position in Comcast by 1.6% in the 1st quarter. Aviance Capital Partners LLC now owns 55,681 shares of the cable giant’s stock valued at $2,414,000 after acquiring an additional 853 shares in the last quarter. Finally, Diversified Trust Co raised its stake in shares of Comcast by 39.8% in the first quarter. Diversified Trust Co now owns 172,211 shares of the cable giant’s stock worth $7,465,000 after acquiring an additional 49,053 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Up 0.0 %

Shares of NASDAQ CMCSA opened at $41.66 on Friday. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.11. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.66 and a current ratio of 0.66. The stock has a market cap of $163.46 billion, a P/E ratio of 11.02, a P/E/G ratio of 1.10 and a beta of 1.01. The firm has a 50 day moving average price of $40.52 and a 200 day moving average price of $39.47.

Analyst Ratings Changes

CMCSA has been the topic of several research analyst reports. Evercore ISI decreased their price target on shares of Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 2nd. Barclays decreased their price objective 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. StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 24th. Pivotal Research decreased their price target on Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Comcast from $50.00 to $49.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average 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.