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

Compass Wealth Management LLC trimmed its stake in Comcast Co. (NASDAQ:CMCSA - Free Report) by 37.4% in the fourth 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 SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Winch Advisory Services LLC increased its stake in Comcast by 269.9% during the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant's stock valued at $26,000 after purchasing an additional 502 shares in the last quarter. McClarren Financial Advisors Inc. lifted its holdings in shares of Comcast by 365.4% in the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant's stock valued at $30,000 after purchasing an additional 570 shares in the last quarter. Safe Harbor Fiduciary LLC purchased a new position in shares of Comcast during the third quarter valued at approximately $30,000. Iron Horse Wealth Management LLC grew its holdings in Comcast by 220.3% during the third quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant's stock worth $32,000 after buying an additional 522 shares in the last quarter. Finally, Dunhill Financial LLC raised its position in Comcast by 54.8% in the 3rd quarter. Dunhill Financial LLC now owns 814 shares of the cable giant's stock valued at $34,000 after buying an additional 288 shares during the last quarter. 84.32% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Brian L. Roberts sold 234,464 shares of Comcast 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 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 legal filing with the SEC, which is available at this link. Also, President Michael J. Cavanagh sold 25,537 shares of the firm's stock in a transaction dated Tuesday, November 26th. The stock was 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 directly owns 534,849 shares of the company's stock, valued at approximately $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. Insiders own 1.26% of the company's stock.

Comcast Price Performance

Shares of CMCSA stock traded up $0.15 during trading hours on Friday, hitting $37.62. 18,255,264 shares of the company's stock were exchanged, compared to its average volume of 18,423,978. Comcast Co. has a 12-month low of $36.15 and a 12-month high of $47.11. The company has a market capitalization of $143.95 billion, a PE ratio of 10.11, a PEG ratio of 1.35 and a beta of 1.01. The business's 50 day simple moving average is $39.31 and its 200-day simple moving average is $40.14. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping the consensus estimate of $1.06 by $0.06. The firm had revenue of $32.07 billion for the quarter, compared to the consensus estimate of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The company's quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.08 earnings per share. On average, equities research analysts anticipate that Comcast Co. will post 4.25 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Morgan Stanley cut shares of Comcast from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $48.00 to $45.00 in a research report on Monday, December 16th. Benchmark reiterated a "buy" rating and set a $60.00 price target on shares of Comcast in a report on Tuesday, November 19th. Loop Capital decreased their target price on Comcast from $54.00 to $53.00 and set a "buy" rating for the company in a research report on Thursday, January 2nd. Macquarie reiterated a "neutral" rating and set a $42.00 target price on shares of Comcast in a research note on Monday, January 6th. Finally, TD Cowen reduced their price target on shares of Comcast from $50.00 to $48.00 and set a "buy" rating for the company in a research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $47.33.

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.