Farmers & Merchants Investments Inc. Increases Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Farmers & Merchants Investments Inc. boosted its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 2.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 410,537 shares of the cable giant’s stock after buying an additional 10,110 shares during the period. Farmers & Merchants Investments Inc.’s holdings in Comcast were worth $17,148,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Capital Investment Advisors LLC lifted its position in Comcast by 4.5% during the 2nd quarter. Capital Investment Advisors LLC now owns 36,027 shares of the cable giant’s stock worth $1,411,000 after acquiring an additional 1,550 shares during the period. First Hawaiian Bank lifted its holdings in shares of Comcast by 8.9% during the second quarter. First Hawaiian Bank now owns 191,846 shares of the cable giant’s stock worth $7,513,000 after purchasing an additional 15,664 shares during the period. BNP Paribas purchased a new stake in Comcast in the first quarter valued at approximately $4,117,000. Douglas Lane & Associates LLC increased its holdings in Comcast by 0.7% in the 3rd quarter. Douglas Lane & Associates LLC now owns 2,210,469 shares of the cable giant’s stock worth $92,331,000 after buying an additional 15,807 shares during the period. Finally, American National Bank & Trust Co. VA purchased a new position in Comcast during the 1st quarter worth approximately $426,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CMCSA. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Pivotal Research cut 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. Barclays reduced their price objective on Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a research note on Thursday, July 25th. Scotiabank upped their target price on Comcast from $47.25 to $47.75 and gave the stock a “sector perform” rating in a research note on Friday, October 18th. Finally, KeyCorp reduced their price target on Comcast from $45.00 to $44.00 and set an “overweight” rating for the company in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Comcast currently has an average rating of “Hold” and an average target price of $45.58.

Comcast Price Performance

NASDAQ:CMCSA traded up $0.14 during trading hours on Tuesday, reaching $41.98. 2,562,875 shares of the company were exchanged, compared to its average volume of 19,454,881. 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 $164.71 billion, a PE ratio of 11.07, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.11. The stock’s 50-day moving average is $40.55 and its 200-day moving average is $39.48.

Comcast 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.