Bartlett & CO. Wealth Management LLC Sells 16,020 Shares of Comcast Co. (NASDAQ:CMCSA)

Bartlett & CO. Wealth Management LLC decreased its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 12.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,031 shares of the cable giant’s stock after selling 16,020 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in Comcast were worth $4,129,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in CMCSA. World Investment Advisors LLC grew its stake in shares of Comcast by 904.0% in the 3rd quarter. World Investment Advisors LLC now owns 254,545 shares of the cable giant’s stock valued at $10,632,000 after buying an additional 229,192 shares during the period. Tidal Investments LLC boosted its holdings in Comcast by 15.2% in the third quarter. Tidal Investments LLC now owns 171,440 shares of the cable giant’s stock worth $7,161,000 after acquiring an additional 22,684 shares in the last quarter. Parnassus Investments LLC increased its holdings in shares of Comcast by 3.7% during the third quarter. Parnassus Investments LLC now owns 1,920,800 shares of the cable giant’s stock valued at $80,232,000 after acquiring an additional 68,139 shares in the last quarter. Douglas Lane & Associates LLC raised its position in shares of Comcast by 0.7% during the third quarter. Douglas Lane & Associates LLC now owns 2,210,469 shares of the cable giant’s stock worth $92,331,000 after purchasing an additional 15,807 shares during the period. Finally, Kestra Investment Management LLC acquired a new stake in Comcast in the 3rd quarter valued at $2,541,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Performance

Shares of CMCSA opened at $37.47 on Friday. Comcast Co. has a 1 year low of $36.15 and a 1 year high of $47.11. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. The stock’s fifty day moving average price is $39.54 and its two-hundred day moving average price is $40.16. The firm has a market cap of $143.38 billion, a PE ratio of 10.07, a PEG ratio of 1.35 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06. The business had revenue of $32.07 billion for the quarter, compared to analysts’ expectations of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.08 EPS. On average, equities research analysts forecast that Comcast Co. will post 4.25 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CMCSA. Morgan Stanley downgraded shares of Comcast from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $48.00 to $45.00 in a report on Monday, December 16th. KeyCorp boosted their price objective on Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Seaport Res Ptn upgraded Comcast from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Rosenblatt Securities reiterated a “neutral” rating and set a $45.00 price target on shares of Comcast in a report on Wednesday, November 6th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, Comcast currently has an average rating of “Moderate Buy” and a consensus target price of $47.33.

Insider Buying and Selling

In related news, CEO Brian L. Roberts sold 234,464 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total transaction of $10,002,234.24. Following the completion of the transaction, the chief executive officer now directly owns 6,669,928 shares in the company, valued at $284,539,128.48. The trade was a 3.40 % decrease in their ownership of the stock. The transaction 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 company’s stock in a transaction dated 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 completion of the transaction, 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 disclosure for this sale can be found here. 1.26% of the stock is owned by insiders.

Comcast 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.