Kingswood Wealth Advisors LLC Trims Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Kingswood Wealth Advisors LLC trimmed its position in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 70.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,458 shares of the cable giant's stock after selling 31,529 shares during the period. Kingswood Wealth Advisors LLC's holdings in Comcast were worth $505,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CMCSA. Koshinski Asset Management Inc. lifted its position in Comcast by 0.8% during the 3rd quarter. Koshinski Asset Management Inc. now owns 30,584 shares of the cable giant's stock worth $1,277,000 after acquiring an additional 249 shares during the period. Taurus Asset Management LLC raised its stake in shares of Comcast by 2.9% in the third quarter. Taurus Asset Management LLC now owns 9,125 shares of the cable giant's stock worth $381,000 after purchasing an additional 253 shares during the last quarter. Regent Peak Wealth Advisors LLC lifted its holdings in shares of Comcast by 3.1% during the third quarter. Regent Peak Wealth Advisors LLC now owns 8,445 shares of the cable giant's stock worth $353,000 after purchasing an additional 257 shares during the period. Abich Financial Wealth Management LLC boosted its position in Comcast by 4.7% in the third quarter. Abich Financial Wealth Management LLC now owns 5,829 shares of the cable giant's stock valued at $243,000 after buying an additional 260 shares during the last quarter. Finally, Saxon Interests Inc. increased its holdings in Comcast by 2.0% in the 3rd quarter. Saxon Interests Inc. now owns 13,554 shares of the cable giant's stock worth $566,000 after buying an additional 262 shares during the period. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Brian L. Roberts sold 234,464 shares of Comcast stock in a transaction that occurred on 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 in the company, valued at approximately $284,539,128.48. This trade represents a 3.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, President Michael J. Cavanagh sold 25,537 shares of the company's stock in a transaction on 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 completion of the sale, the president now owns 534,849 shares of the company's stock, valued at approximately $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. Company insiders own 1.26% of the company's stock.

Comcast Price Performance

NASDAQ:CMCSA opened at $33.25 on Friday. The stock has a 50 day moving average of $39.01 and a two-hundred day moving average of $40.15. Comcast Co. has a 12 month low of $32.50 and a 12 month high of $47.11. The firm has a market cap of $127.23 billion, a P/E ratio of 8.94, a price-to-earnings-growth ratio of 1.35 and a beta of 1.01. 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 issued its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, topping the consensus estimate of $0.88 by $0.08. Comcast had a return on equity of 19.81% and a net margin of 11.92%. On average, analysts expect that Comcast Co. will post 4.25 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on CMCSA shares. Wells Fargo & Company decreased their price objective on shares of Comcast from $46.00 to $45.00 and set an "equal weight" rating for the company in a research note on Monday, January 6th. Macquarie reaffirmed a "neutral" rating and issued a $42.00 price target on shares of Comcast in a report on Monday, January 6th. Scotiabank upgraded Comcast from a "sector perform" rating to a "sector outperform" rating and lifted their price objective for the company from $47.75 to $48.00 in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft upped their target price on Comcast from $49.00 to $50.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Finally, Rosenblatt Securities reiterated a "neutral" rating and set a $45.00 price target on shares of Comcast in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $47.33.

Comcast 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.