Rep. Rick Larsen Sells Comcast Co. (NASDAQ:CMCSA) Stock

Representative Rick Larsen (D-Washington) recently sold shares of Comcast Co. NASDAQ: CMCSA. In a filing disclosed on January 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in Comcast stock on January 7th.

Representative Rick Larsen also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Cintas NASDAQ: CTAS on 1/7/2025.
• Sold $1,001 - $15,000 in shares of Booz Allen Hamilton NYSE: BAH on 1/7/2025.
• Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOGL on 1/7/2025.
• Purchased $1,001 - $15,000 in shares of Broadridge Financial Solutions NYSE: BR on 1/7/2025.
• Purchased $1,001 - $15,000 in shares of Verisk Analytics NASDAQ: VRSK on 1/7/2025.
• Sold $1,001 - $15,000 in shares of UnitedHealth Group NYSE: UNH on 1/7/2025.
• Sold $1,001 - $15,000 in shares of General Dynamics NYSE: GD on 1/7/2025.

Comcast Price Performance

CMCSA traded down $0.19 on Thursday, reaching $36.31. The company had a trading volume of 21,087,977 shares, compared to its average volume of 24,047,707. Comcast Co. has a one year low of $36.15 and a one year high of $47.11. The company has a market capitalization of $138.94 billion, a P/E ratio of 9.76, a PEG ratio of 1.33 and a beta of 1.01. The company has a fifty day moving average of $40.27 and a 200-day moving average of $40.20. 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 posted its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.06. The business had revenue of $32.07 billion during the quarter, compared to analysts' expectations of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The business's revenue was up 6.5% on a year-over-year basis. During the same period last year, the firm posted $1.08 earnings per share. As a group, equities research analysts anticipate that Comcast Co. will post 4.25 earnings per share for the current year.

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date is Wednesday, January 8th. Comcast's dividend payout ratio is currently 33.33%.

Insider Buying and Selling at Comcast

In other news, CEO Brian L. Roberts sold 234,464 shares of the business's 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 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Michael J. Cavanagh sold 25,537 shares of the firm's stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total transaction 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. The trade was a 4.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company's stock.

Analyst Upgrades and Downgrades

CMCSA has been the subject of a number of research analyst reports. KeyCorp upped their price target on shares of Comcast from $44.00 to $47.00 and gave the company an "overweight" rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft increased their target price on shares of Comcast from $49.00 to $50.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Scotiabank upgraded shares of Comcast from a "sector perform" rating to a "sector outperform" rating and lifted their price target for the stock from $47.75 to $48.00 in a research report on Friday, November 1st. StockNews.com downgraded Comcast from a "strong-buy" rating to a "buy" rating in a research report on Saturday, January 4th. Finally, Wells Fargo & Company decreased their target price on Comcast from $46.00 to $45.00 and set an "equal weight" rating on the stock in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $47.33.

Institutional Trading of Comcast

A number of hedge funds have recently made changes to their positions in CMCSA. Fairscale Capital LLC acquired a new stake in Comcast during the second quarter valued at $26,000. Winch Advisory Services LLC lifted its holdings in shares of 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 buying an additional 502 shares during the last quarter. McClarren Financial Advisors Inc. grew its stake in shares of Comcast by 365.4% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant's stock valued at $30,000 after buying an additional 570 shares in the last quarter. Safe Harbor Fiduciary LLC acquired a new position in Comcast in the third quarter worth approximately $30,000. Finally, Iron Horse Wealth Management LLC raised its position in Comcast by 220.3% during the third quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant's stock valued at $32,000 after acquiring an additional 522 shares in the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

About Representative Larsen

Rick Larsen (Democratic Party) is a member of the U.S. House, representing Washington's 2nd Congressional District. He assumed office on January 3, 2001. His current term ends on January 3, 2025. Larsen (Democratic Party) is running for re-election to the U.S. House to represent Washington's 2nd Congressional District. He declared candidacy for the primary scheduled on August 6, 2024. Since at least 2011, Larsen has been assigned to the Committee on Armed Services and the Committee on Transportation and Infrastructure. Larsen's first position as an elected official was in 1998 as a member of the Snohomish County Council. Larsen earned his bachelor's degree from Pacific Lutheran University. After earning his master's degree in public affairs from the University of Minnesota, Larsen worked as the director of public affairs for the Washington State Dental Association and then as an economic development official with the Port of Everett. He went on to serve on the Snohomish County Council before seeking election to the U.S. House.

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.