5 hours Ago By ABMN Staff
Arkadios Wealth Advisors lowered its holdings in shares of Comcast Co. ( NASDAQ:CMCSA – Free Report ) by 30.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC).
The institutional investor owned 16,007 shares of the cable giant’s stock after selling 7,063 shares during the period. Arkadios Wealth Advisors’ holdings in Comcast were worth $601,000 as of its most recent SEC filing. Several other institutional investors and hedge funds have also recently bought and sold shares of the business.
Winch Advisory Services LLC grew its position in Comcast by 269.9% in the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after acquiring an additional 502 shares during the period.
McClarren Financial Advisors Inc. boosted its stake 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 purchasing an additional 570 shares in the last quarter. Safe Harbor Fiduciary LLC bought a new stake in shares of Comcast in the 3rd quarter worth about $30,000.
Iron Horse Wealth Management LLC increased its position in shares of Comcast by 220.3% during the 3rd 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 in the last quarter.
Finally, Dunhill Financial LLC lifted its holdings in Comcast by 54.8% during the 3rd quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock valued at $34,000 after purchasing an additional 288 shares during the last quarter.
Institutional investors own 84.32% of the company’s stock. Comcast Trading Up 1.
1 % NASDAQ:CMCSA opened at $36.97 on Wednesday. The firm has a market capitalization of $141.
47 billion, a price-to-earnings ratio of 9.94, a PEG ratio of 1.33 and a beta of 1.
01. Comcast Co. has a 1-year low of $36.
15 and a 1-year high of $47.11. The business’s 50-day moving average price is $39.
81 and its two-hundred day moving average price is $40.18. The company has a current ratio of 0.
72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14.
Insider Activity In other 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 value of $1,087,620.83. Following the completion of the transaction, the president now owns 534,849 shares in the company, valued at $22,779,218.
91. This represents a 4.56 % decrease in their ownership of the stock.
The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website . Also, 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 in the company, valued at $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 owned by company insiders. Wall Street Analyst Weigh In Several analysts have recently weighed in on the stock. Benchmark reaffirmed a “buy” rating and set a $60.
00 price objective on shares of Comcast in a report on Tuesday, November 19th. Loop Capital dropped their price target on Comcast from $54.00 to $53.
00 and set a “buy” rating for the company in a report on Thursday, January 2nd. Wells Fargo & Company reduced their price objective 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. Pivotal Research raised their target price on Comcast from $47.00 to $54.
00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, 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. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat.
com, Comcast presently has an average rating of “Moderate Buy” and a consensus target price of $47.33. Check Out Our Latest Stock Analysis on Comcast Comcast Profile ( Free Report ) 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. Recommended Stories Receive News & Ratings for Comcast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast and related companies with MarketBeat.
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