Wed Oct 02 15:30:49 UTC 2024: ## Cetera Investment Advisers Sells off Comcast Shares Amid Mixed Signals from Other Investors

**Philadelphia, PA** – Cetera Investment Advisers, a prominent investment firm, reduced its stake in Comcast Corporation (NASDAQ: CMCSA) by 4.8% in the second quarter, according to its recent SEC filing. The firm sold 52,998 shares, leaving them with 1,059,442 shares worth $41,488,000 at the end of the quarter.

While Cetera trimmed its holdings, other investors have exhibited varying levels of interest in Comcast. Notably, Steph & Co. increased its stake by 154.6% in the first quarter, acquiring an additional 371 shares, while OLD Point Trust & Financial Services N A took a new position in the fourth quarter, valued at $28,000.

Institutional investors currently own 84.32% of Comcast’s stock, indicating a significant level of confidence in the company.

Comcast’s stock opened at $41.70 on Wednesday, with a market capitalization of $163.62 billion. The company declared a quarterly dividend of $0.31 per share, payable on October 23rd, representing a yield of 2.97%.

Analyst opinions on Comcast are mixed. While Deutsche Bank Aktiengesellschaft maintained a “buy” rating and lowered its price target to $49.00, Barclays downgraded its target price to $40.00, assigning an “equal weight” rating. The overall consensus rating for Comcast is currently “Hold” with a price target of $45.58.

Comcast, a global media and technology giant, operates in various segments, including residential and business connectivity services, entertainment networks, and theme parks. The company continues to navigate the evolving media landscape, facing competition from streaming services and changing consumer preferences.

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