From MarketBeat:



DAVENPORT & Co LLC reduced its position in shares of Comcast Co. (NASDAQ:CMCSA) by 12.6% in the third quarter, according to the company’s most recent filing with the Securities & Exchange Commission. The firm owned 2,570,472 shares of Comcast’s stock after selling 371,377 shares during the quarter. Several other hedge funds and institutional investors also made changes to their positions in CMCSA. Comcast stock is down 0.0%, trading at $44.00 on NASDAQ, and the company last announced its earnings results on October 26th, beating the consensus estimate. It also announced a quarterly dividend. Analysts have set new price targets for Comcast stock, with a consensus “Moderate Buy” rating from analysts. Comcast Corporation operates as a media and technology company worldwide and offers residential connectivity, media, and theme park services.

In summary, DAVENPORT & Co LLC reduced its stake in Comcast, while other investors purchased new stakes. Comcast’s stock price is down on NASDAQ, and the company announced higher than expected earnings and a quarterly dividend. Analysts have set new price targets for Comcast stock and hold a consensus “Moderate Buy” rating. Comcast Corporation operates as a media and technology company worldwide.



Original: DAVENPORT & Co LLC Sells 371,377 Shares of Comcast Co. (NASDAQ:CMCSA)