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

Novare Capital Management LLC trimmed its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 12.3% in the fourth quarter, HoldingsChannel reports. The firm owned 204,654 shares of the cable giant’s stock after selling 28,783 shares during the period. Novare Capital Management LLC’s holdings in Comcast were worth $7,681,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the stock. World Investment Advisors LLC raised its position in shares of Comcast by 904.0% in the third quarter. World Investment Advisors LLC now owns 254,545 shares of the cable giant’s stock valued at $10,632,000 after buying an additional 229,192 shares during the last quarter. Tidal Investments LLC raised its holdings in Comcast by 15.2% in the 3rd quarter. Tidal Investments LLC now owns 171,440 shares of the cable giant’s stock valued at $7,161,000 after acquiring an additional 22,684 shares during the last quarter. Parnassus Investments LLC lifted its stake in shares of Comcast by 3.7% during the 3rd quarter. Parnassus Investments LLC now owns 1,920,800 shares of the cable giant’s stock worth $80,232,000 after purchasing an additional 68,139 shares during the period. Douglas Lane & Associates LLC boosted its holdings in shares of Comcast by 0.7% during the third quarter. Douglas Lane & Associates LLC now owns 2,210,469 shares of the cable giant’s stock worth $92,331,000 after purchasing an additional 15,807 shares during the last quarter. Finally, Kestra Investment Management LLC purchased a new stake in shares of Comcast in the third quarter valued at $2,541,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, President Michael J. Cavanagh sold 25,537 shares of the company’s stock in a transaction on 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 transaction, the president now directly owns 534,849 shares in the company, valued at $22,779,218.91. This represents a 4.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Brian L. Roberts sold 234,464 shares of Comcast stock in a transaction dated Tuesday, November 26th. The shares were 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 owns 6,669,928 shares in the company, valued at approximately $284,539,128.48. This represents a 3.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft raised their price target on Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Barclays upped their price target on shares of Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Rosenblatt Securities reiterated a “neutral” rating and issued a $45.00 price target on shares of Comcast in a report on Wednesday, November 6th. StockNews.com upgraded Comcast from a “buy” rating to a “strong-buy” rating in a report on Friday, January 17th. Finally, Morgan Stanley cut Comcast from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $48.00 to $45.00 in a report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.33.

Comcast Price Performance

CMCSA opened at $37.62 on Friday. The company has a market capitalization of $143.95 billion, a P/E ratio of 10.11, a PEG ratio of 1.35 and a beta of 1.01. The company has a 50-day moving average of $39.31 and a 200-day moving average of $40.14. 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 Co. has a 1-year low of $36.15 and a 1-year high of $47.11.

Comcast (NASDAQ:CMCSA) last announced 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 firm had revenue of $32.07 billion for 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 for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.08 earnings per share. Equities analysts expect that Comcast Co. will post 4.25 EPS for the current fiscal 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.