Comcast Co. (NASDAQ:CMCSA) Shares Sold by Cornerstone Wealth Group LLC

Cornerstone Wealth Group LLC lessened its stake in Comcast Co. (NASDAQ:CMCSA) by 3.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,717 shares of the cable giant’s stock after selling 344 shares during the quarter. Cornerstone Wealth Group LLC’s holdings in Comcast were worth $448,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Fairscale Capital LLC acquired a new stake in Comcast in the 2nd quarter valued at approximately $26,000. Strategic Financial Concepts LLC acquired a new stake in shares of Comcast in the second quarter valued at $27,000. IAG Wealth Partners LLC raised its holdings in shares of Comcast by 204.7% in the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after buying an additional 522 shares during the period. McClarren Financial Advisors Inc. lifted its stake in Comcast by 365.4% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after acquiring an additional 570 shares in the last quarter. Finally, Archer Investment Corp boosted its holdings in Comcast by 177.1% during the 2nd quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock valued at $32,000 after acquiring an additional 519 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Up 3.4 %

Shares of NASDAQ:CMCSA opened at $43.67 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.16. The firm has a 50 day simple moving average of $40.73 and a 200-day simple moving average of $39.55. The company has a market capitalization of $171.34 billion, a PE ratio of 11.55, a P/E/G ratio of 1.10 and a beta of 1.01. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.11.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on CMCSA shares. Macquarie reissued a “neutral” rating and issued a $40.00 price objective on shares of Comcast in a research note on Wednesday, July 24th. Scotiabank raised their price target on shares of Comcast from $47.25 to $47.75 and gave the company a “sector perform” rating in a research report on Friday, October 18th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $45.00 price objective on shares of Comcast in a research report on Wednesday, July 24th. StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 24th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Comcast from $50.00 to $49.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Comcast presently has a consensus rating of “Hold” and a consensus 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.