Keudell Morrison Wealth Management Lowers Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Keudell Morrison Wealth Management lowered its stake in Comcast Co. (NASDAQ:CMCSA) by 8.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,214 shares of the cable giant’s stock after selling 1,631 shares during the period. Keudell Morrison Wealth Management’s holdings in Comcast were worth $646,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in CMCSA. Koshinski Asset Management Inc. lifted its holdings in shares of Comcast by 0.8% in the 3rd quarter. Koshinski Asset Management Inc. now owns 30,584 shares of the cable giant’s stock worth $1,277,000 after buying an additional 249 shares during the period. Taurus Asset Management LLC lifted its stake in 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 acquiring an additional 253 shares during the period. Regent Peak Wealth Advisors LLC grew its holdings in Comcast by 3.1% during the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 8,445 shares of the cable giant’s stock worth $353,000 after acquiring an additional 257 shares in the last quarter. Abich Financial Wealth Management LLC increased its position in Comcast by 4.7% during the 3rd quarter. Abich Financial Wealth Management LLC now owns 5,829 shares of the cable giant’s stock valued at $243,000 after purchasing an additional 260 shares during the period. Finally, Saxon Interests Inc. raised its holdings in shares of Comcast by 2.0% in the 3rd quarter. Saxon Interests Inc. now owns 13,554 shares of the cable giant’s stock valued at $566,000 after purchasing an additional 262 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Insider Buying and Selling at Comcast

In related news, President Michael J. Cavanagh sold 25,537 shares of the firm’s stock in a transaction dated 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 sale, the president now directly owns 534,849 shares of the company’s stock, valued at approximately $22,779,218.91. This trade represents a 4.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brian L. Roberts sold 234,464 shares of the company’s 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 transaction, the chief executive officer now directly owns 6,669,928 shares in the company, valued at $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 owned by company insiders.

Comcast Trading Down 11.0 %

CMCSA stock opened at $33.25 on Friday. The business’s 50-day moving average is $38.80 and its 200 day moving average is $40.11. Comcast Co. has a 12-month low of $32.50 and a 12-month high of $47.11. The stock has a market cap of $127.23 billion, a price-to-earnings ratio of 8.94, a PEG ratio of 1.36 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) last announced its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.08. Comcast had a net margin of 11.92% and a return on equity of 19.81%. On average, sell-side analysts anticipate that Comcast Co. will post 4.25 EPS for the current fiscal year.

Analysts Set New Price Targets

CMCSA has been the topic of a number of recent research reports. The Goldman Sachs Group dropped their price objective on Comcast from $50.00 to $44.00 and set a “buy” rating on the stock in a research report on Friday. Scotiabank raised shares of Comcast from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the stock from $47.75 to $48.00 in a research report on Friday, November 1st. Bank of America cut shares of Comcast from a “buy” rating to a “neutral” rating and decreased their target price for the company from $50.00 to $38.00 in a research report on Friday. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $45.00 price target on shares of Comcast in a report on Wednesday, November 6th. Finally, Evercore ISI upgraded Comcast to a “strong-buy” rating in a report on Thursday, November 21st. Eight investment analysts have rated the stock with a hold rating, ten have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $46.89.

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.