Golden State Equity Partners Sells 15,385 Shares of Comcast Co. (NASDAQ:CMCSA)

Golden State Equity Partners trimmed its position in Comcast Co. (NASDAQ:CMCSA) by 40.1% in the 3rd quarter, Holdings Channel reports. The firm 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 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its holdings in shares of Comcast by 18.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,063,878 shares of the cable giant’s stock worth $89,469,000 after purchasing an additional 322,450 shares during the period. Naviter Wealth LLC bought a new stake in shares of Comcast in the 1st quarter worth approximately $721,000. Kovack Advisors Inc. increased its stake in shares of Comcast by 44.9% during the first quarter. Kovack Advisors Inc. now owns 59,891 shares of the cable giant’s stock valued at $2,596,000 after buying an additional 18,551 shares during the period. Advisor Resource Council lifted its stake in Comcast by 75.1% in the first quarter. Advisor Resource Council now owns 9,615 shares of the cable giant’s stock worth $421,000 after acquiring an additional 4,123 shares during the period. Finally, First Trust Direct Indexing L.P. increased its position in Comcast by 7.1% during the 1st quarter. First Trust Direct Indexing L.P. now owns 106,836 shares of the cable giant’s stock valued at $4,631,000 after purchasing an additional 7,125 shares during the period. Institutional investors own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CMCSA. Rosenblatt Securities reiterated a “neutral” rating and set a $45.00 target price on shares of Comcast in a report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Evercore ISI cut their price objective on shares of Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a report on Tuesday, July 2nd. Barclays reduced their price objective 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. Finally, Macquarie reissued a “neutral” rating and issued a $40.00 target price on shares of Comcast in a 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 issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $45.58.

Comcast Stock Performance

Shares of CMCSA traded down $0.22 on Wednesday, reaching $41.85. The company’s stock had a trading volume of 2,320,682 shares, compared to its average volume of 19,460,438. Comcast Co. has a 12-month low of $36.43 and a 12-month high of $47.11. The stock has a market capitalization of $164.20 billion, a P/E 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. The stock’s 50 day simple moving average is $40.59 and its two-hundred day simple moving average is $39.50.

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.