Comcast Co. (NASDAQ:CMCSA) Shares Sold by Perigon Wealth Management LLC

Perigon Wealth Management LLC decreased its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 2.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 162,652 shares of the cable giant’s stock after selling 3,584 shares during the quarter. Perigon Wealth Management LLC’s holdings in Comcast were worth $5,906,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in CMCSA. Susquehanna Fundamental Investments LLC acquired a new position in Comcast in the 2nd quarter worth $3,587,000. SkyView Investment Advisors LLC increased its position in shares of Comcast by 14.9% in the 2nd quarter. SkyView Investment Advisors LLC now owns 11,821 shares of the cable giant’s stock worth $463,000 after purchasing an additional 1,532 shares during the last quarter. Ascent Group LLC increased its position in shares of Comcast by 6.6% in the 2nd quarter. Ascent Group LLC now owns 62,262 shares of the cable giant’s stock worth $2,438,000 after purchasing an additional 3,834 shares during the last quarter. NewEdge Advisors LLC increased its position in shares of Comcast by 2.1% in the 2nd quarter. NewEdge Advisors LLC now owns 549,745 shares of the cable giant’s stock worth $21,528,000 after purchasing an additional 11,206 shares during the last quarter. Finally, Wellington Wealth Strategies LLC. bought a new stake in shares of Comcast in the 2nd quarter worth about $276,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Macquarie reissued a “neutral” rating and issued a $42.00 target price on shares of Comcast in a research report on Monday, January 6th. StockNews.com raised shares of Comcast from a “buy” rating to a “strong-buy” rating in a research report on Friday, January 17th. TD Cowen lowered their price objective on shares of Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Rosenblatt Securities reaffirmed a “neutral” rating and set a $45.00 price objective on shares of Comcast in a research report on Wednesday, November 6th. Finally, Morgan Stanley downgraded shares of Comcast from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $48.00 to $45.00 in a research report on Monday, December 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $47.33.

Comcast Trading Up 1.6 %

Shares of NASDAQ:CMCSA opened at $38.23 on Tuesday. The company has a 50 day moving average of $39.31 and a 200-day moving average of $40.18. The firm has a market cap of $146.29 billion, a P/E ratio of 10.28, a P/E/G ratio of 1.35 and a beta of 1.01. Comcast Co. has a twelve month low of $36.15 and a twelve 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.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $31.78 billion. During the same period in the prior year, the business earned $1.08 earnings per share. The business’s quarterly revenue was up 6.5% on a year-over-year basis. As a group, analysts anticipate that Comcast Co. will post 4.25 earnings per share for the current fiscal year.

Insider Activity at Comcast

In other news, President Michael J. Cavanagh sold 25,537 shares of the business’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 sale, the president now owns 534,849 shares in the company, valued at $22,779,218.91. The trade was a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal 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 business’s stock in a transaction that occurred 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 sale, the chief executive officer now 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. Company insiders own 1.26% of the company’s stock.

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.