Comcast Co. (NASDAQ:CMCSA) Shares Sold by Compass Wealth Management LLC

Compass Wealth Management LLC reduced its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 37.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 32,422 shares of the cable giant’s stock after selling 19,356 shares during the quarter. Compass Wealth Management LLC’s holdings in Comcast were worth $1,217,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Winch Advisory Services LLC increased its position in Comcast by 269.9% during the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after buying an additional 502 shares in the last quarter. McClarren Financial Advisors Inc. boosted its position in Comcast by 365.4% during the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after acquiring an additional 570 shares during the last quarter. Safe Harbor Fiduciary LLC acquired a new position in Comcast in the 3rd quarter valued at $30,000. Iron Horse Wealth Management LLC increased its stake in Comcast by 220.3% in the third quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock valued at $32,000 after purchasing an additional 522 shares during the last quarter. Finally, Dunhill Financial LLC grew its position in Comcast by 54.8% during the third quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock valued at $34,000 after acquiring an additional 288 shares during the period. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Stock Performance

Shares of CMCSA stock opened at $37.62 on Friday. The stock has a 50-day moving average of $39.31 and a 200-day moving average of $40.14. Comcast Co. has a one year low of $36.15 and a one year high of $47.11. The stock has a market cap of $143.95 billion, a PE ratio of 10.11, a price-to-earnings-growth ratio of 1.35 and a beta of 1.01. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The business had revenue of $32.07 billion during the quarter, compared to analysts’ expectations of $31.78 billion. During the same period in the prior year, the business earned $1.08 EPS. Comcast’s revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, sell-side analysts expect that Comcast Co. will post 4.25 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CMCSA. Pivotal Research increased their price target on Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a report on Friday, November 1st. KeyCorp upped their price objective on Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Wells Fargo & Company decreased their target price on Comcast from $46.00 to $45.00 and set an “equal weight” rating for the company in a research report on Monday, January 6th. Morgan Stanley downgraded Comcast from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $48.00 to $45.00 in a report on Monday, December 16th. Finally, Evercore ISI upgraded Comcast to a “strong-buy” rating in a research note on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, Comcast has a consensus rating of “Moderate Buy” and an average price target of $47.33.

Insider Transactions at Comcast

In other Comcast news, President Michael J. Cavanagh sold 25,537 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total value of $1,087,620.83. Following the sale, the president now owns 534,849 shares in the company, valued at $22,779,218.91. This represents a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Brian L. Roberts sold 234,464 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total value of $10,002,234.24. Following the sale, the chief executive officer now directly owns 6,669,928 shares of the company’s stock, valued at $284,539,128.48. This represents a 3.40 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.26% of the company’s stock.

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.