Comcast Co. (NASDAQ:CMCSA) Shares Sold by Novare Capital Management LLC

Novare Capital Management LLC reduced its stake in Comcast Co. (NASDAQ:CMCSA - Free Report) by 12.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 204,654 shares of the cable giant's stock after selling 28,783 shares during the quarter. Novare Capital Management LLC's holdings in Comcast were worth $7,681,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in CMCSA. Crescent Grove Advisors LLC lifted its stake in Comcast by 36.2% during the 4th quarter. Crescent Grove Advisors LLC now owns 9,816 shares of the cable giant's stock worth $368,000 after acquiring an additional 2,609 shares in the last quarter. Archford Capital Strategies LLC lifted its stake in Comcast by 3.9% during the 4th quarter. Archford Capital Strategies LLC now owns 32,557 shares of the cable giant's stock worth $1,222,000 after acquiring an additional 1,235 shares in the last quarter. Flagship Harbor Advisors LLC lifted its stake in Comcast by 9.3% during the 4th quarter. Flagship Harbor Advisors LLC now owns 39,026 shares of the cable giant's stock worth $1,465,000 after acquiring an additional 3,312 shares in the last quarter. Vantage Wealth lifted its stake in Comcast by 0.7% during the 4th quarter. Vantage Wealth now owns 427,675 shares of the cable giant's stock worth $16,051,000 after acquiring an additional 3,165 shares in the last quarter. Finally, Toth Financial Advisory Corp raised its position in Comcast by 56.3% in the 4th quarter. Toth Financial Advisory Corp now owns 3,330 shares of the cable giant's stock valued at $125,000 after purchasing an additional 1,200 shares in the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CMCSA has been the topic of a number of analyst reports. TD Cowen reduced their price target on Comcast from $50.00 to $48.00 and set a "buy" rating on the stock in a research report on Friday, November 1st. Wells Fargo & Company cut their target price on Comcast from $46.00 to $45.00 and set an "equal weight" rating on the stock in a research report on Monday, January 6th. Macquarie reissued a "neutral" rating and set a $42.00 target price on shares of Comcast in a research report on Monday, January 6th. Rosenblatt Securities restated a "neutral" rating and set a $45.00 price target on shares of Comcast in a research note on Wednesday, November 6th. Finally, Seaport Res Ptn upgraded Comcast from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $47.33.

Insider Transactions at Comcast

In related news, CEO Brian L. Roberts sold 234,464 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 6,669,928 shares of the company's stock, valued at approximately $284,539,128.48. This represents a 3.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, President Michael J. Cavanagh sold 25,537 shares of the 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 transaction, the president now directly owns 534,849 shares in the company, valued at approximately $22,779,218.91. This represents a 4.56 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.26% of the company's stock.

Comcast Price Performance

CMCSA stock traded up $0.15 during midday trading on Friday, hitting $37.62. 18,255,264 shares of the stock were exchanged, compared to its average volume of 18,423,978. The stock's 50-day moving average price is $39.31 and its 200-day moving average price is $40.16. The stock has a market cap of $143.95 billion, a price-to-earnings ratio of 10.11, a PEG ratio of 1.35 and a beta of 1.01. Comcast Co. has a fifty-two week low of $36.15 and a fifty-two week high of $47.11. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.06. The firm had revenue of $32.07 billion during 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%. Comcast's revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.08 earnings per share. Research analysts predict that Comcast Co. will post 4.25 earnings per share for the current year.

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.