Walter & Keenan Wealth Management LLC IN ADV Has $3.70 Million Stake in Comcast Co. (NASDAQ:CMCSA)

Walter & Keenan Wealth Management LLC IN ADV cut its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 5.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 88,643 shares of the cable giant’s stock after selling 4,873 shares during the period. Comcast comprises approximately 1.1% of Walter & Keenan Wealth Management LLC IN ADV’s holdings, making the stock its 21st largest holding. Walter & Keenan Wealth Management LLC IN ADV’s holdings in Comcast were worth $3,703,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fairscale Capital LLC bought a new position in Comcast in the 2nd quarter worth approximately $26,000. McClarren Financial Advisors Inc. raised its position in shares of Comcast by 365.4% during the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after acquiring an additional 570 shares during the last quarter. Iron Horse Wealth Management LLC boosted its holdings in Comcast by 220.3% in the third quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock valued at $32,000 after acquiring an additional 522 shares during the last quarter. IAG Wealth Partners LLC increased its position in Comcast by 204.7% in the second quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock worth $30,000 after purchasing an additional 522 shares during the period. Finally, Archer Investment Corp raised its holdings in Comcast by 177.1% during the 2nd quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock worth $32,000 after purchasing an additional 519 shares during the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Stock Up 0.5 %

CMCSA opened at $42.07 on Wednesday. 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 stock’s fifty day simple moving average is $40.59 and its 200 day simple moving average is $39.50. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.11. The stock has a market cap of $165.07 billion, a PE ratio of 11.13, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01.

Analyst Ratings Changes

CMCSA has been the topic of several analyst reports. Macquarie restated a “neutral” rating and issued a $40.00 price objective on shares of Comcast in a report on Wednesday, July 24th. Rosenblatt Securities reiterated a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a research report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft dropped their price target on Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Evercore ISI decreased their price objective on Comcast from $50.00 to $48.00 and set an “outperform” rating for the company in a report on Tuesday, July 2nd. Finally, StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average 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.