Hudson Valley Investment Advisors Inc. ADV Sells 4,693 Shares of Comcast Co. (NASDAQ:CMCSA)

Hudson Valley Investment Advisors Inc. ADV lowered its stake in Comcast Co. (NASDAQ:CMCSA) by 23.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,015 shares of the cable giant’s stock after selling 4,693 shares during the quarter. Hudson Valley Investment Advisors Inc. ADV’s holdings in Comcast were worth $627,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CMCSA. Capital World Investors raised its holdings in Comcast by 7.4% in the 1st quarter. Capital World Investors now owns 115,703,280 shares of the cable giant’s stock valued at $5,015,737,000 after buying an additional 7,929,963 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Comcast by 2.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 38,329,384 shares of the cable giant’s stock valued at $1,500,722,000 after buying an additional 1,000,626 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Comcast by 41.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 28,016,389 shares of the cable giant’s stock valued at $1,214,512,000 after buying an additional 8,243,302 shares during the last quarter. Ontario Teachers Pension Plan Board raised its holdings in Comcast by 25,881.7% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 10,850,995 shares of the cable giant’s stock valued at $470,391,000 after buying an additional 10,809,231 shares during the last quarter. Finally, First Pacific Advisors LP raised its holdings in Comcast by 2.1% in the 2nd quarter. First Pacific Advisors LP now owns 10,818,009 shares of the cable giant’s stock valued at $423,633,000 after buying an additional 219,894 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

Shares of CMCSA stock opened at $42.24 on Thursday. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.11. The firm has a market capitalization of $165.73 billion, a PE ratio of 11.17, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01. The firm has a fifty day simple moving average of $40.64 and a two-hundred day simple moving average of $39.52. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.16.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Pivotal Research dropped their price objective on shares of Comcast from $48.00 to $47.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Macquarie restated a “neutral” rating and set a $40.00 price target on shares of Comcast in a report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Comcast from $50.00 to $49.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Rosenblatt Securities restated a “neutral” rating and set a $45.00 price target on shares of Comcast in a report on Wednesday, July 24th. Finally, KeyCorp lowered their price target on shares of Comcast from $45.00 to $44.00 and set an “overweight” rating for the company in a report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price 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.