Golden State Equity Partners Has $961,000 Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Golden State Equity Partners lowered its position in shares of Comcast Co. (NASDAQ:CMCSA) by 40.1% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,997 shares of the cable giant’s stock after selling 15,385 shares during the quarter. Golden State Equity Partners’ holdings in Comcast were worth $961,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Pathway Financial Advisers LLC increased its position in shares of Comcast by 4,108.2% in the third quarter. Pathway Financial Advisers LLC now owns 8,248 shares of the cable giant’s stock worth $345,000 after purchasing an additional 8,052 shares during the period. WD Rutherford LLC increased its holdings in Comcast by 30.5% in the 3rd quarter. WD Rutherford LLC now owns 65,331 shares of the cable giant’s stock valued at $2,729,000 after buying an additional 15,260 shares during the period. Avitas Wealth Management LLC raised its position in shares of Comcast by 1.2% in the 3rd 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 boosted its position in shares of Comcast by 5.5% during the 3rd quarter. Childress Capital Advisors LLC now owns 9,407 shares of the cable giant’s stock worth $393,000 after acquiring an additional 494 shares in the last quarter. Finally, Valmark Advisers Inc. increased its stake in Comcast by 9.4% in the third quarter. Valmark Advisers Inc. now owns 15,948 shares of the cable giant’s stock valued at $666,000 after acquiring an additional 1,364 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CMCSA has been the subject of several research analyst reports. Rosenblatt Securities reissued a “neutral” rating and set a $45.00 target price on shares of Comcast in a research note on Wednesday, July 24th. Scotiabank raised their target price 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. Barclays lowered their price target on shares of Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft cut their price objective on Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Finally, Evercore ISI dropped their target price on Comcast from $50.00 to $48.00 and set an “outperform” rating for the company in a research report on Tuesday, July 2nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $45.58.

Comcast Stock Performance

Shares of Comcast stock traded down $0.22 on Wednesday, reaching $41.85. 2,320,682 shares of the company traded hands, compared to its average volume of 19,460,438. The company has a 50 day moving average of $40.59 and a 200 day moving average of $39.50. 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 $164.20 billion, a PE ratio of 11.13, a PEG ratio of 1.10 and a beta of 1.01. 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 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.