Bartlett & CO. Wealth Management LLC Cuts Stock Position in Comcast Co. (NASDAQ:CMCSA)

Bartlett & CO. Wealth Management LLC cut its position in shares of Comcast Co. (NASDAQ:CMCSA) by 12.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 110,031 shares of the cable giant’s stock after selling 16,020 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in Comcast were worth $4,129,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB boosted its stake in shares of Comcast by 55,334.5% during the third quarter. Wilmington Savings Fund Society FSB now owns 8,273,052 shares of the cable giant’s stock valued at $345,565,000 after purchasing an additional 8,258,128 shares during the period. FMR LLC grew its holdings in Comcast by 5.4% in the 3rd quarter. FMR LLC now owns 117,420,328 shares of the cable giant’s stock worth $4,904,647,000 after acquiring an additional 6,062,658 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Comcast by 92.1% in the second quarter. AQR Capital Management LLC now owns 8,722,620 shares of the cable giant’s stock valued at $339,223,000 after acquiring an additional 4,182,525 shares during the period. Public Sector Pension Investment Board boosted its holdings in shares of Comcast by 530.5% during the third quarter. Public Sector Pension Investment Board now owns 3,429,298 shares of the cable giant’s stock worth $143,242,000 after purchasing an additional 2,885,370 shares during the period. Finally, Darsana Capital Partners LP increased its stake in shares of Comcast by 26.7% during the second quarter. Darsana Capital Partners LP now owns 9,500,000 shares of the cable giant’s stock valued at $372,020,000 after buying an additional 2,000,000 shares during the period. 84.32% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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 transaction of $10,002,234.24. Following the completion of the sale, the chief executive officer now directly owns 6,669,928 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 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 disclosure for this sale can be found here. Insiders own 1.26% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Morgan Stanley lowered Comcast from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $48.00 to $45.00 in a research note on Monday, December 16th. Macquarie reaffirmed a “neutral” rating and set a $42.00 target price on shares of Comcast in a research note on Monday, January 6th. Benchmark reiterated a “buy” rating and issued a $60.00 price objective on shares of Comcast in a report on Tuesday, November 19th. Evercore ISI upgraded shares of Comcast to a “strong-buy” rating in a research note on Thursday, November 21st. Finally, 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 note on Monday, January 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Comcast has an average rating of “Moderate Buy” and an average price target of $47.33.

Comcast Stock Up 1.0 %

Shares of NASDAQ:CMCSA opened at $37.47 on Friday. The company has a market cap of $143.38 billion, a price-to-earnings ratio of 10.07, a PEG ratio of 1.35 and a beta of 1.01. Comcast Co. has a 12 month low of $36.15 and a 12 month high of $47.11. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. The company has a 50-day moving average price of $39.54 and a 200 day moving average price of $40.16.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The firm had revenue of $32.07 billion during the quarter, compared to analysts’ expectations of $31.78 billion. During the same period in the previous year, the company earned $1.08 EPS. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, equities research analysts predict that Comcast Co. will post 4.25 earnings per share for the current year.

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.