Rep. Rick Larsen Sells Comcast Co. (NASDAQ:CMCSA) Stock

Representative Rick Larsen (D-Washington) recently sold shares of Comcast Co. (NASDAQ:CMCSA). In a filing disclosed on January 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in Comcast stock on January 7th.

Representative Rick Larsen also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Cintas (NASDAQ:CTAS) on 1/7/2025.
• Sold $1,001 – $15,000 in shares of Booz Allen Hamilton (NYSE:BAH) on 1/7/2025.
• Purchased $1,001 – $15,000 in shares of Alphabet (NASDAQ:GOOGL) on 1/7/2025.
• Purchased $1,001 – $15,000 in shares of Broadridge Financial Solutions (NYSE:BR) on 1/7/2025.
• Purchased $1,001 – $15,000 in shares of Verisk Analytics (NASDAQ:VRSK) on 1/7/2025.
• Sold $1,001 – $15,000 in shares of UnitedHealth Group (NYSE:UNH) on 1/7/2025.
• Sold $1,001 – $15,000 in shares of General Dynamics (NYSE:GD) on 1/7/2025.

Comcast Stock Up 0.3 %

Shares of Comcast stock opened at $36.50 on Thursday. The stock has a market capitalization of $139.67 billion, a price-to-earnings ratio of 9.81, a PEG ratio of 1.50 and a beta of 1.01. Comcast Co. has a twelve month low of $36.15 and a twelve month high of $47.11. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. The business’s 50 day simple moving average is $40.44 and its 200-day simple moving average is $40.23.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.06. The company had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.08 earnings per share. Equities research analysts forecast that Comcast Co. will post 4.26 earnings per share for the current year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be issued a $0.31 dividend. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a yield of 3.40%. Comcast’s dividend payout ratio is currently 33.33%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 4th. Morgan Stanley lowered Comcast from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $48.00 to $45.00 in a research report on Monday, December 16th. KeyCorp lifted their target price on Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Evercore ISI raised shares of Comcast to a “strong-buy” rating in a research report on Thursday, November 21st. Finally, Scotiabank upgraded shares of Comcast from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the company from $47.75 to $48.00 in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $47.33.

Institutional Trading of Comcast

Several hedge funds have recently added to or reduced their stakes in CMCSA. HF Advisory Group LLC raised its stake in Comcast by 5.0% during the 4th quarter. HF Advisory Group LLC now owns 29,700 shares of the cable giant’s stock valued at $1,115,000 after purchasing an additional 1,421 shares during the last quarter. Krilogy Financial LLC lifted its stake in shares of Comcast by 11.5% in the fourth quarter. Krilogy Financial LLC now owns 17,107 shares of the cable giant’s stock valued at $642,000 after buying an additional 1,758 shares during the period. HB Wealth Management LLC increased its stake in Comcast by 4.4% during the fourth quarter. HB Wealth Management LLC now owns 282,926 shares of the cable giant’s stock valued at $10,617,000 after acquiring an additional 11,952 shares during the period. BTS Asset Management Inc. acquired a new position in Comcast in the 4th quarter valued at approximately $224,000. Finally, Verity & Verity LLC lifted its position in shares of Comcast by 11.8% in the 4th quarter. Verity & Verity LLC now owns 384,824 shares of the cable giant’s stock worth $14,442,000 after acquiring an additional 40,616 shares during the period. Institutional investors own 84.32% of the company’s stock.

Insider Transactions at Comcast

In related news, CEO Brian L. Roberts sold 234,464 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was 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 owns 6,669,928 shares of the company’s stock, valued at $284,539,128.48. The trade was a 3.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Michael J. Cavanagh sold 25,537 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the completion of 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 position. The disclosure for this sale can be found here. 1.26% of the stock is owned by insiders.

About Representative Larsen

Rick Larsen (Democratic Party) is a member of the U.S. House, representing Washington’s 2nd Congressional District. He assumed office on January 3, 2001. His current term ends on January 3, 2025. Larsen (Democratic Party) is running for re-election to the U.S. House to represent Washington’s 2nd Congressional District. He declared candidacy for the primary scheduled on August 6, 2024. Since at least 2011, Larsen has been assigned to the Committee on Armed Services and the Committee on Transportation and Infrastructure. Larsen’s first position as an elected official was in 1998 as a member of the Snohomish County Council. Larsen earned his bachelor’s degree from Pacific Lutheran University. After earning his master’s degree in public affairs from the University of Minnesota, Larsen worked as the director of public affairs for the Washington State Dental Association and then as an economic development official with the Port of Everett. He went on to serve on the Snohomish County Council before seeking election to the U.S. House.

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.