Comcast Co. (NASDAQ:CMCSA) Shares Sold by Keudell Morrison Wealth Management

Keudell Morrison Wealth Management trimmed its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 8.7% in the 4th quarter, HoldingsChannel reports. The firm owned 17,214 shares of the cable giant’s stock after selling 1,631 shares during the period. Keudell Morrison Wealth Management’s holdings in Comcast were worth $646,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Regal Investment Advisors LLC boosted its position in shares of Comcast by 8.5% during the 2nd quarter. Regal Investment Advisors LLC now owns 8,809 shares of the cable giant’s stock worth $345,000 after acquiring an additional 687 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in Comcast in the second quarter valued at approximately $68,000. Healthcare of Ontario Pension Plan Trust Fund increased its stake in Comcast by 77.5% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,594,006 shares of the cable giant’s stock valued at $140,741,000 after purchasing an additional 1,568,995 shares during the last quarter. Centaurus Financial Inc. raised its holdings in Comcast by 77.2% during the second quarter. Centaurus Financial Inc. now owns 14,182 shares of the cable giant’s stock worth $555,000 after purchasing an additional 6,179 shares in the last quarter. Finally, Ashburton Jersey Ltd purchased a new stake in shares of Comcast during the 2nd quarter worth approximately $76,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. TD Cowen cut their price target on shares of Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Rosenblatt Securities reiterated a “neutral” rating and set a $45.00 target price on shares of Comcast in a research report on Wednesday, November 6th. The Goldman Sachs Group decreased their target price on Comcast from $50.00 to $44.00 and set a “buy” rating for the company in a research report on Friday. Pivotal Research lifted their price target on Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Scotiabank raised Comcast from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the company from $47.75 to $48.00 in a report on Friday, November 1st. Eight equities research analysts have rated the stock with a hold rating, ten have given a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Comcast currently has a consensus rating of “Moderate Buy” and a consensus price target of $46.89.

Comcast Price Performance

Shares of CMCSA opened at $33.25 on Friday. 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 stock’s 50 day moving average is $38.80 and its two-hundred day moving average is $40.11. Comcast Co. has a twelve month low of $32.50 and a twelve month high of $47.11. The firm has a market capitalization of $127.23 billion, a PE ratio of 8.94, a P/E/G ratio of 1.36 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.08. Comcast had a return on equity of 19.81% and a net margin of 11.92%. Research analysts anticipate that Comcast Co. will post 4.25 earnings per share for the current year.

Insider Activity

In related news, President Michael J. Cavanagh sold 25,537 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total value of $1,087,620.83. Following the sale, the president now directly owns 534,849 shares in the company, valued at $22,779,218.91. The trade was a 4.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Brian L. Roberts sold 234,464 shares of Comcast 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 transaction, the chief executive officer now owns 6,669,928 shares of the company’s stock, valued at approximately $284,539,128.48. The trade was a 3.40 % decrease in their position. The disclosure for this sale can be found here. 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.