Modera Wealth Management LLC Trims Holdings in Comcast Co. (NASDAQ:CMCSA)

Modera Wealth Management LLC trimmed its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 10.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 183,642 shares of the cable giant’s stock after selling 21,523 shares during the quarter. Modera Wealth Management LLC’s holdings in Comcast were worth $7,671,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in CMCSA. Capital Investment Advisors LLC raised 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 valued at $1,411,000 after purchasing an additional 1,550 shares in the last quarter. First Hawaiian Bank lifted its stake in Comcast by 8.9% in the second quarter. First Hawaiian Bank now owns 191,846 shares of the cable giant’s stock worth $7,513,000 after acquiring an additional 15,664 shares during the period. BNP Paribas bought a new position in Comcast during the 1st quarter worth about $4,117,000. Douglas Lane & Associates LLC increased its position in Comcast by 0.7% during the 3rd quarter. Douglas Lane & Associates LLC now owns 2,210,469 shares of the cable giant’s stock valued at $92,331,000 after purchasing an additional 15,807 shares during the period. Finally, American National Bank & Trust Co. VA bought a new stake in shares of Comcast in the 1st quarter valued at about $426,000. 84.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on CMCSA shares. Barclays cut their price objective on shares of Comcast from $41.00 to $40.00 and set an “equal weight” rating on the stock in a report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft cut their price target on Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. KeyCorp decreased their price objective on Comcast from $45.00 to $44.00 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. Rosenblatt Securities reiterated a “neutral” rating and issued a $45.00 target price on shares of Comcast in a research note on Wednesday, July 24th. Finally, Macquarie reissued a “neutral” rating and set a $40.00 price target on shares of Comcast in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $45.58.

Comcast Trading Up 0.0 %

NASDAQ CMCSA opened at $41.66 on Friday. The stock has a market cap of $163.46 billion, a P/E ratio of 11.02, a P/E/G ratio of 1.10 and a beta of 1.01. 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 12-month low of $36.43 and a 12-month high of $47.11. The company has a fifty day simple moving average of $40.52 and a two-hundred day simple moving average of $39.47.

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.