McGlone Suttner Wealth Management Inc. Sells 1,607 Shares of Comcast Co. (NASDAQ:CMCSA)

McGlone Suttner Wealth Management Inc. reduced its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 18.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 6,978 shares of the cable giant’s stock after selling 1,607 shares during the period. McGlone Suttner Wealth Management Inc.’s holdings in Comcast were worth $262,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CMCSA. Brighton Jones LLC raised its stake in shares of Comcast by 150.9% during the fourth quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock worth $6,240,000 after acquiring an additional 99,986 shares in the last quarter. Hengehold Capital Management LLC raised its position in Comcast by 0.8% in the 4th quarter. Hengehold Capital Management LLC now owns 76,597 shares of the cable giant’s stock worth $2,875,000 after purchasing an additional 631 shares during the period. Cerro Pacific Wealth Advisors LLC lifted its stake in Comcast by 8.9% in the fourth quarter. Cerro Pacific Wealth Advisors LLC now owns 12,715 shares of the cable giant’s stock worth $477,000 after purchasing an additional 1,040 shares during the last quarter. Apeiron RIA LLC purchased a new stake in Comcast during the fourth quarter valued at about $637,000. Finally, Secure Asset Management LLC bought a new position in shares of Comcast during the fourth quarter valued at about $246,000. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on CMCSA shares. Benchmark restated a “buy” rating and set a $60.00 target price on shares of Comcast in a report on Tuesday, November 19th. TD Cowen dropped their price objective on Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Pivotal Research lifted their target price on shares of Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Barclays increased their price target on shares of Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Finally, Evercore ISI upgraded shares of Comcast to a “strong-buy” rating in a research report on Thursday, November 21st. One analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $47.33.

Comcast Trading Up 1.0 %

Shares of NASDAQ CMCSA opened at $37.47 on Friday. The stock has a market cap of $143.38 billion, a P/E ratio of 10.07, a price-to-earnings-growth ratio of 1.35 and a beta of 1.01. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. Comcast Co. has a 1 year low of $36.15 and a 1 year high of $47.11. The firm has a 50-day moving average of $39.54 and a 200 day moving average of $40.16.

Comcast (NASDAQ:CMCSA) last issued 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 return on equity of 19.81% and a net margin of 11.92%. The firm had revenue of $32.07 billion for the quarter, compared to analysts’ expectations of $31.78 billion. During the same period in the previous year, the firm posted $1.08 EPS. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, sell-side analysts expect that Comcast Co. will post 4.25 EPS for the current fiscal year.

Insider Activity

In related news, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction dated Tuesday, November 26th. The stock was 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 directly owns 534,849 shares in the company, valued at approximately $22,779,218.91. This trade represents a 4.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brian L. Roberts sold 234,464 shares of the firm’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 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 position. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company’s stock.

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.