Adell Harriman & Carpenter Inc. Sells 29,972 Shares of Comcast Co. (NASDAQ:CMCSA)

Adell Harriman & Carpenter Inc. lessened its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 38.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 47,667 shares of the cable giant’s stock after selling 29,972 shares during the period. Adell Harriman & Carpenter Inc.’s holdings in Comcast were worth $1,991,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Fairscale Capital LLC acquired a new stake in shares of Comcast in the second quarter worth $26,000. Strategic Financial Concepts LLC bought a new position in shares of Comcast during the 2nd quarter worth about $27,000. IAG Wealth Partners LLC grew its position 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 buying an additional 522 shares in the last quarter. McClarren Financial Advisors Inc. raised its holdings in Comcast by 365.4% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 570 shares in the last quarter. Finally, Archer Investment Corp lifted its position in shares of Comcast by 177.1% in the 2nd quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock worth $32,000 after acquiring an additional 519 shares during the period. Institutional investors own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on CMCSA shares. Macquarie restated a “neutral” rating and issued a $40.00 target price on shares of Comcast in a research note on Wednesday, July 24th. Scotiabank lifted their price objective on Comcast from $47.25 to $47.75 and gave the company a “sector perform” rating in a report on Friday, October 18th. Evercore ISI lowered their price objective on Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 2nd. Barclays dropped their price objective on Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a research note on Thursday, July 25th. Finally, Pivotal Research reduced their price target on shares of Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $45.58.

Comcast Price Performance

CMCSA opened at $42.07 on Wednesday. The company has a fifty day moving average price of $40.59 and a two-hundred day moving average price of $39.50. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.66 and a current ratio of 0.66. The firm has a market capitalization of $165.07 billion, a PE ratio of 11.13, a P/E/G ratio of 1.10 and a beta of 1.01. Comcast Co. has a 52 week low of $36.43 and a 52 week 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.