Comcast Co. (NASDAQ:CMCSA) Shares Sold by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC lowered its position in shares of Comcast Co. (NASDAQ:CMCSA) by 31.4% during the third quarter, Holdings Channel reports. The firm owned 65,316 shares of the cable giant’s stock after selling 29,853 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Comcast were worth $2,728,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in CMCSA. Fairscale Capital LLC purchased a new position in Comcast during the 2nd quarter worth $26,000. Strategic Financial Concepts LLC acquired a new position in Comcast in the 2nd quarter valued at $27,000. IAG Wealth Partners LLC raised its holdings in Comcast by 204.7% during 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 in the last quarter. McClarren Financial Advisors Inc. lifted its position in Comcast by 365.4% in the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 570 shares during the period. Finally, Archer Investment Corp raised its position in Comcast by 177.1% in the second quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock worth $32,000 after acquiring an additional 519 shares in the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on CMCSA. Pivotal Research lowered their price target on shares of Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Macquarie reissued a “neutral” rating and set a $40.00 price target on shares of Comcast in a research note on Wednesday, July 24th. KeyCorp dropped 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. Deutsche Bank Aktiengesellschaft decreased their target price on Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Finally, Barclays dropped their price target on Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a research report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Comcast presently has a consensus rating of “Hold” and a consensus price target of $45.58.

Comcast Stock Performance

Shares of NASDAQ:CMCSA opened at $41.66 on Friday. The business has a 50-day moving average of $40.52 and a two-hundred day moving average of $39.47. The firm has a market capitalization of $163.46 billion, a PE ratio of 11.02, a P/E/G 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 Co. has a 12 month low of $36.43 and a 12 month high of $47.11.

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.