Comcast Co. (NASDAQ:CMCSA) Shares Purchased by Red Door Wealth Management LLC

Red Door Wealth Management LLC boosted its stake in Comcast Co. (NASDAQ:CMCSA) by 18.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,244 shares of the cable giant’s stock after acquiring an additional 1,615 shares during the period. Red Door Wealth Management LLC’s holdings in Comcast were worth $384,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB boosted its stake in shares of Comcast by 55,334.5% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 8,273,052 shares of the cable giant’s stock worth $345,565,000 after acquiring an additional 8,258,128 shares in the last quarter. FMR LLC boosted its stake in shares of Comcast by 5.4% during 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 in the last quarter. Public Sector Pension Investment Board boosted its stake in shares of Comcast by 530.5% during the 3rd quarter. Public Sector Pension Investment Board now owns 3,429,298 shares of the cable giant’s stock worth $143,242,000 after acquiring an additional 2,885,370 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of Comcast by 211.7% during the 3rd quarter. SG Americas Securities LLC now owns 2,890,571 shares of the cable giant’s stock worth $120,739,000 after acquiring an additional 1,963,246 shares in the last quarter. Finally, National Bank of Canada FI boosted its stake in shares of Comcast by 31.7% during the 3rd quarter. National Bank of Canada FI now owns 7,613,977 shares of the cable giant’s stock worth $318,036,000 after acquiring an additional 1,833,453 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Insider Transactions at Comcast

In other Comcast news, President Michael J. Cavanagh sold 25,537 shares of the firm’s stock in a transaction dated 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 transaction, the president now owns 534,849 shares of the company’s stock, valued at $22,779,218.91. This trade represents a 4.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Brian L. Roberts sold 234,464 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was 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. This represents 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 Stock Performance

NASDAQ:CMCSA opened at $37.62 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. The firm has a 50-day moving average of $39.42 and a two-hundred day moving average of $40.14. The stock has a market cap of $143.95 billion, a P/E ratio of 10.11, a PEG ratio of 1.35 and a beta of 1.01. Comcast Co. has a 1-year low of $36.15 and a 1-year high of $47.11.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping the consensus estimate of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The business had revenue of $32.07 billion for the quarter, compared to analysts’ expectations of $31.78 billion. During the same quarter last year, the company posted $1.08 earnings per share. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. On average, research analysts expect that Comcast Co. will post 4.25 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. KeyCorp upped their target price on Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Scotiabank raised Comcast from a “sector perform” rating to a “sector outperform” rating and upped their target price for the company from $47.75 to $48.00 in a research note on Friday, November 1st. Wells Fargo & Company reduced 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. Morgan Stanley lowered Comcast from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $48.00 to $45.00 in a research note on Monday, December 16th. Finally, Seaport Res Ptn raised Comcast from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.33.

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.