Sterling Investment Advisors Ltd. Sells 7,088 Shares of Comcast Co. (NASDAQ:CMCSA)

Sterling Investment Advisors Ltd. lessened its holdings in Comcast Co. (NASDAQ:CMCSA) by 18.1% during the third quarter, HoldingsChannel.com reports. The firm owned 31,971 shares of the cable giant’s stock after selling 7,088 shares during the period. Sterling Investment Advisors Ltd.’s holdings in Comcast were worth $1,335,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Fairscale Capital LLC acquired a new position in shares of Comcast during the 2nd quarter worth approximately $26,000. McClarren Financial Advisors Inc. grew its stake in shares of 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 buying an additional 570 shares in the last quarter. Iron Horse Wealth Management LLC increased its holdings in Comcast by 220.3% during the third quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock worth $32,000 after buying an additional 522 shares during the last quarter. IAG Wealth Partners LLC raised 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 acquiring an additional 522 shares in the last quarter. Finally, Archer Investment Corp lifted its stake in Comcast by 177.1% in the second quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock valued at $32,000 after acquiring an additional 519 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

NASDAQ:CMCSA traded up $0.01 during trading hours on Friday, reaching $41.66. 19,363,495 shares of the company were exchanged, compared to its average volume of 19,538,361. The company has a market capitalization of $163.46 billion, a P/E 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. The business has a 50 day moving average of $40.52 and a 200 day moving average of $39.47. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.11.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Pivotal Research lowered their price objective 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. Rosenblatt Securities restated a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a research note on Wednesday, July 24th. Macquarie reaffirmed a “neutral” rating and issued a $40.00 price objective on shares of Comcast in a research report on Wednesday, July 24th. Barclays dropped their price target on Comcast from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 25th. Finally, KeyCorp reduced their price objective on shares of Comcast from $45.00 to $44.00 and set an “overweight” rating for the company in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $45.58.

Comcast 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.