Evermay Wealth Management LLC Sells 259 Shares of Comcast Co. (NASDAQ:CMCSA)

Evermay Wealth Management LLC cut its holdings in Comcast Co. (NASDAQ:CMCSA) by 1.8% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 14,046 shares of the cable giant’s stock after selling 259 shares during the period. Evermay Wealth Management LLC’s holdings in Comcast were worth $587,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Fairscale Capital LLC bought a new stake in shares of Comcast during the 2nd quarter worth $26,000. Strategic Financial Concepts LLC bought a new stake in Comcast in the second quarter worth about $27,000. IAG Wealth Partners LLC boosted its stake in Comcast by 204.7% in the second quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 522 shares during the last quarter. McClarren Financial Advisors Inc. grew its position in shares of Comcast by 365.4% during 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 during the period. Finally, Archer Investment Corp increased its stake in shares of Comcast by 177.1% during the 2nd quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock worth $32,000 after purchasing an additional 519 shares during the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CMCSA has been the topic of several research reports. Pivotal Research lowered their target price on Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Macquarie reiterated a “neutral” rating and issued a $40.00 target price on shares of Comcast in a research note on Wednesday, July 24th. Evercore ISI dropped their price target 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. Rosenblatt Securities reiterated a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a research note on Wednesday, July 24th. Finally, Barclays cut their price target on Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a report on Thursday, July 25th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $45.58.

Comcast Price Performance

Shares of NASDAQ:CMCSA traded up $0.21 during trading on Wednesday, reaching $42.28. The company had a trading volume of 4,005,464 shares, compared to its average volume of 19,469,545. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.11. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $165.89 billion, a P/E ratio of 11.13, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01. The company has a fifty day moving average of $40.59 and a two-hundred day moving average of $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.