Comcast Co. (NASDAQ:CMCSA) Shares Sold by RMR Wealth Builders

10 Jan 2025, 22:28 by Kim Johansen · The Markets Daily

RMR Wealth Builders cut its stake in shares of Comcast Co. (NASDAQ:CMCSA – Free Report) by 1.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 40,922 shares of the cable giant’s stock after selling 491 shares during the period. RMR Wealth Builders’ holdings in Comcast were worth $1,536,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Fairscale Capital LLC acquired a new position in shares of Comcast during the second quarter worth $26,000. Strategic Financial Concepts LLC purchased a new stake in Comcast during the 2nd quarter worth about $27,000. McClarren Financial Advisors Inc. increased its holdings in shares of Comcast by 365.4% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 570 shares during the last quarter. Safe Harbor Fiduciary LLC acquired a new stake in shares of Comcast during the 3rd quarter worth about $30,000. Finally, Iron Horse Wealth Management LLC lifted its stake in Comcast by 220.3% during the third quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock worth $32,000 after purchasing an additional 522 shares during the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Comcast

In related news, President Michael J. Cavanagh sold 25,537 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The shares were 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 owns 534,849 shares of the company’s stock, valued at approximately $22,779,218.91. This represents a 4.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Brian L. Roberts sold 234,464 shares of Comcast stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total value of $10,002,234.24. Following the completion of the transaction, the chief executive officer now 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 corporate insiders.

Comcast Price Performance

Shares of NASDAQ CMCSA traded down $0.81 during midday trading on Friday, hitting $36.36. The company had a trading volume of 27,025,834 shares, compared to its average volume of 25,203,713. The business has a 50-day simple moving average of $40.83 and a two-hundred day simple moving average of $40.25. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $139.13 billion, a price-to-earnings ratio of 9.77, a price-to-earnings-growth ratio of 1.50 and a beta of 1.01. Comcast Co. has a twelve month low of $36.24 and a twelve month high of $47.11.

Comcast (NASDAQ:CMCSA – Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The business had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. During the same quarter in the previous year, the company posted $1.08 EPS. The business’s revenue was up 6.5% on a year-over-year basis. Equities research analysts anticipate that Comcast Co. will post 4.26 earnings per share for the current year.

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 annualized dividend and a dividend yield of 3.41%. Comcast’s dividend payout ratio is currently 33.33%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Seaport Res Ptn raised shares of Comcast from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 4th. Pivotal Research raised their target price on shares of Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. TD Cowen lowered their price objective on shares of Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Finally, Benchmark reaffirmed a “buy” rating and issued a $60.00 target price on shares of Comcast in a report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.33.

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