Comcast Co. (NASDAQ:CMCSA) Shares Sold by Adell Harriman & Carpenter Inc.

Adell Harriman & Carpenter Inc. trimmed its holdings in Comcast Co. (NASDAQ:CMCSA) by 38.6% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 47,667 shares of the cable giant’s stock after selling 29,972 shares during the period. Adell Harriman & Carpenter Inc.’s holdings in Comcast were worth $1,991,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CMCSA. Avitas Wealth Management LLC boosted its stake in shares of Comcast by 1.2% in the third quarter. Avitas Wealth Management LLC now owns 58,162 shares of the cable giant’s stock valued at $2,429,000 after buying an additional 700 shares in the last quarter. Childress Capital Advisors LLC lifted its holdings in Comcast by 5.5% in the third quarter. Childress Capital Advisors LLC now owns 9,407 shares of the cable giant’s stock valued at $393,000 after acquiring an additional 494 shares during the period. Valmark Advisers Inc. boosted its position in shares of Comcast by 9.4% during the 3rd quarter. Valmark Advisers Inc. now owns 15,948 shares of the cable giant’s stock worth $666,000 after purchasing an additional 1,364 shares in the last quarter. GW Henssler & Associates Ltd. grew its stake in shares of Comcast by 3.9% during the 3rd quarter. GW Henssler & Associates Ltd. now owns 445,371 shares of the cable giant’s stock worth $18,603,000 after purchasing an additional 16,577 shares during the period. Finally, Argyle Capital Management Inc. increased its holdings in shares of Comcast by 3.4% in the 3rd quarter. Argyle Capital Management Inc. now owns 50,036 shares of the cable giant’s stock valued at $2,090,000 after purchasing an additional 1,666 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Up 0.5 %

CMCSA stock opened at $42.07 on Wednesday. The company’s 50 day simple moving average is $40.59 and its 200-day simple moving average is $39.50. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.66 and a quick ratio of 0.66. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.11. The firm has a market capitalization of $165.07 billion, a P/E ratio of 11.13, a P/E/G ratio of 1.10 and a beta of 1.01.

Analyst Upgrades and Downgrades

CMCSA has been the topic of several research analyst reports. Pivotal Research decreased their price target on Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Rosenblatt Securities reiterated a “neutral” rating and set a $45.00 target price on shares of Comcast in a research report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 24th. Finally, Scotiabank upped their target price on Comcast from $47.25 to $47.75 and gave the company a “sector perform” rating in a research note on Friday, October 18th. One equities 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 presently has a consensus 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.