Greenup Street Wealth Management LLC Has $1.78 Million Stake in Comcast Co. (NASDAQ:CMCSA)

Greenup Street Wealth Management LLC lessened its position in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 49.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 47,324 shares of the cable giant's stock after selling 45,513 shares during the period. Greenup Street Wealth Management LLC's holdings in Comcast were worth $1,776,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Winch Advisory Services LLC grew its holdings in Comcast by 269.9% in the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant's stock worth $26,000 after acquiring an additional 502 shares during the last quarter. McClarren Financial Advisors Inc. increased its stake in shares of Comcast by 365.4% during 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 bought a new stake in Comcast in the third quarter worth $30,000. Iron Horse Wealth Management LLC raised its position in Comcast by 220.3% in the 3rd 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 during the last quarter. Finally, Dunhill Financial LLC increased its holdings 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 buying an additional 288 shares during the last quarter. Institutional investors own 84.32% of the company's stock.

Insiders Place Their Bets

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 completion of the transaction, the president now owns 534,849 shares of the company's stock, valued at $22,779,218.91. This represents a 4.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Brian L. Roberts sold 234,464 shares of the company'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 sale, the chief executive officer now directly owns 6,669,928 shares in the company, 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. 1.26% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CMCSA shares. TD Cowen cut their target price on Comcast from $50.00 to $48.00 and set a "buy" rating for the company in a research report on Friday, November 1st. Rosenblatt Securities reiterated a "neutral" rating and set a $45.00 price objective on shares of Comcast in a research report on Wednesday, November 6th. Scotiabank upgraded shares of Comcast from a "sector perform" rating to a "sector outperform" rating and upped their target price for the stock from $47.75 to $48.00 in a research report on Friday, November 1st. Pivotal Research lifted their price target on shares of Comcast from $47.00 to $54.00 and gave the company a "buy" rating in a report on Friday, November 1st. Finally, Morgan Stanley downgraded shares of Comcast from an "overweight" rating to an "equal weight" rating and dropped their price objective for the company from $48.00 to $45.00 in a report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $47.33.

Comcast Stock Performance

Shares of NASDAQ CMCSA traded down $0.70 during trading hours on Tuesday, reaching $37.54. The stock had a trading volume of 8,220,084 shares, compared to its average volume of 21,924,525. The firm has a market cap of $143.63 billion, a price-to-earnings ratio of 10.09, a PEG ratio of 1.35 and a beta of 1.01. The firm has a 50-day moving average of $39.21 and a 200-day moving average of $40.18. 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 Co. has a fifty-two week low of $36.15 and a fifty-two week high of $47.11.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, beating 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 the consensus estimate of $31.78 billion. During the same quarter in the previous year, the business earned $1.08 earnings per share. The business's revenue for the quarter was up 6.5% on a year-over-year basis. Equities research analysts predict that Comcast Co. will post 4.25 earnings per share for the current year.

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.