Hennion & Walsh Asset Management Inc. Sells 11,284 Shares of Comcast Co. (NASDAQ:CMCSA)

Hennion & Walsh Asset Management Inc. lessened its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 29.1% during the third quarter, Holdings Channel.com reports. The firm owned 27,489 shares of the cable giant’s stock after selling 11,284 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Comcast were worth $1,148,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Vicus Capital increased its holdings in shares of Comcast by 145.4% during the first quarter. Vicus Capital now owns 14,198 shares of the cable giant’s stock valued at $615,000 after acquiring an additional 8,413 shares in the last quarter. Cornerstone Wealth Group LLC grew its position in Comcast by 24.6% in the 1st quarter. Cornerstone Wealth Group LLC now owns 10,849 shares of the cable giant’s stock valued at $470,000 after purchasing an additional 2,139 shares during the period. Oak Asset Management LLC increased its stake in Comcast by 0.8% during the 1st quarter. Oak Asset Management LLC now owns 78,128 shares of the cable giant’s stock valued at $3,387,000 after purchasing an additional 650 shares in the last quarter. Aviance Capital Partners LLC raised its holdings in Comcast by 1.6% during the first quarter. Aviance Capital Partners LLC now owns 55,681 shares of the cable giant’s stock worth $2,414,000 after buying an additional 853 shares during the last quarter. Finally, Diversified Trust Co lifted its stake in shares of Comcast by 39.8% in the first quarter. Diversified Trust Co now owns 172,211 shares of the cable giant’s stock valued at $7,465,000 after buying an additional 49,053 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Comcast Stock Performance

NASDAQ CMCSA opened at $41.66 on Friday. 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 company has a market capitalization of $163.46 billion, a PE ratio of 11.02, a price-to-earnings-growth 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. The company has a 50-day simple moving average of $40.52 and a 200 day simple moving average of $39.47.

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.