Baker Tilly Wealth Management LLC Sells 358 Shares of Comcast Co. (NASDAQ:CMCSA)

Baker Tilly Wealth Management LLC trimmed its position in shares of Comcast Co. (NASDAQ:CMCSA) by 1.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,288 shares of the cable giant’s stock after selling 358 shares during the period. Baker Tilly Wealth Management LLC’s holdings in Comcast were worth $1,098,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Claro Advisors LLC lifted its holdings in Comcast by 17.9% during the 1st quarter. Claro Advisors LLC now owns 18,868 shares of the cable giant’s stock valued at $818,000 after buying an additional 2,870 shares in the last quarter. Hexagon Capital Partners LLC raised its stake in shares of Comcast by 28.9% during the first quarter. Hexagon Capital Partners LLC now owns 5,222 shares of the cable giant’s stock valued at $226,000 after acquiring an additional 1,170 shares in the last quarter. Oak Thistle LLC purchased a new stake in shares of Comcast in the first quarter valued at approximately $438,000. Allspring Global Investments Holdings LLC grew its stake in Comcast by 18.5% in 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 in the last quarter. Finally, Iams Wealth Management LLC increased its holdings in Comcast by 2.4% during the 1st quarter. Iams Wealth Management LLC now owns 38,973 shares of the cable giant’s stock worth $1,643,000 after purchasing an additional 902 shares during the period. 84.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CMCSA has been the subject of several research reports. KeyCorp lowered their target price on Comcast from $45.00 to $44.00 and set an “overweight” rating for the company in a report on Wednesday, July 24th. Barclays dropped their target price on shares of Comcast from $41.00 to $40.00 and set an “equal weight” rating on the stock in a report on Thursday, July 25th. Macquarie restated a “neutral” rating and issued a $40.00 price target on shares of Comcast in a report on Wednesday, July 24th. Evercore ISI dropped their price objective on shares of Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 2nd. Finally, StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Comcast currently has an average rating of “Hold” and a consensus price target of $45.58.

Comcast Stock Up 0.3 %

Comcast stock opened at $41.80 on Monday. The business has a fifty day moving average price of $40.52 and a 200-day moving average price of $39.47. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.11. The stock has a market capitalization of $164.01 billion, a price-to-earnings ratio of 11.11, 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.

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.