Comcast Co. (NASDAQ:CMCSA) Position Cut by Measured Wealth Private Client Group LLC

Measured Wealth Private Client Group LLC lessened its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 35.8% in the third quarter, HoldingsChannel reports. The fund owned 4,834 shares of the cable giant’s stock after selling 2,698 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Comcast were worth $202,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of CMCSA. Norden Group LLC lifted its holdings in shares of Comcast by 15.8% in the first quarter. Norden Group LLC now owns 21,212 shares of the cable giant’s stock valued at $920,000 after buying an additional 2,902 shares during the period. Mission Wealth Management LP grew its stake in shares of Comcast by 25.4% in the 1st quarter. Mission Wealth Management LP now owns 36,080 shares of the cable giant’s stock worth $1,564,000 after purchasing an additional 7,319 shares during the last quarter. Prosperity Consulting Group LLC raised its holdings in shares of Comcast by 53.4% in the 1st quarter. Prosperity Consulting Group LLC now owns 14,081 shares of the cable giant’s stock worth $610,000 after purchasing an additional 4,899 shares in the last quarter. Blue Trust Inc. lifted its stake in Comcast by 8.6% during the first quarter. Blue Trust Inc. now owns 24,332 shares of the cable giant’s stock valued at $1,055,000 after purchasing an additional 1,929 shares during the last quarter. Finally, Peterson Wealth Services boosted its holdings in Comcast by 7.4% during the first quarter. Peterson Wealth Services now owns 33,817 shares of the cable giant’s stock worth $1,466,000 after buying an additional 2,344 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

Shares of NASDAQ:CMCSA opened at $43.67 on Friday. The business has a fifty day simple moving average of $40.73 and a 200 day simple moving average of $39.55. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.16. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.11. The firm has a market cap of $171.34 billion, a price-to-earnings ratio of 11.55, a P/E/G ratio of 1.10 and a beta of 1.01.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on CMCSA shares. Pivotal Research cut their price objective on Comcast from $48.00 to $47.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Benchmark reaffirmed a “buy” rating and set a $55.00 target price on shares of Comcast in a report on Wednesday. Macquarie reissued a “neutral” rating and issued a $40.00 price target on shares of Comcast in a research note on Wednesday, July 24th. KeyCorp reduced their price objective on shares of Comcast from $45.00 to $44.00 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $45.58.

Comcast Company 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.