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

Biltmore Wealth Management LLC trimmed its holdings in Comcast Co. (NASDAQ:CMCSA) by 1.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,771 shares of the cable giant’s stock after selling 313 shares during the quarter. Comcast makes up about 0.6% of Biltmore Wealth Management LLC’s holdings, making the stock its 18th biggest position. Biltmore Wealth Management LLC’s holdings in Comcast were worth $1,204,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in CMCSA. Gilman Hill Asset Management LLC grew its position in Comcast by 2.8% in the 4th quarter. Gilman Hill Asset Management LLC now owns 12,059 shares of the cable giant’s stock valued at $542,000 after buying an additional 325 shares during the last quarter. BTR Capital Management Inc. grew its position in Comcast by 3.4% in the 4th quarter. BTR Capital Management Inc. now owns 12,119 shares of the cable giant’s stock valued at $545,000 after buying an additional 400 shares during the last quarter. IFP Advisors Inc grew its position in Comcast by 10.0% in the 4th quarter. IFP Advisors Inc now owns 33,672 shares of the cable giant’s stock valued at $1,518,000 after buying an additional 3,058 shares during the last quarter. Violich Capital Management Inc. grew its position in Comcast by 293.0% in the 4th quarter. Violich Capital Management Inc. now owns 67,496 shares of the cable giant’s stock valued at $3,035,000 after buying an additional 50,320 shares during the last quarter. Finally, We Are One Seven LLC grew its position in Comcast by 1.6% in the 4th quarter. We Are One Seven LLC now owns 63,224 shares of the cable giant’s stock valued at $2,843,000 after buying an additional 978 shares during the last quarter. 82.54% of the stock is currently owned by institutional investors and hedge funds.

In related news, CEO Brian L. Roberts sold 508,248 shares of the business’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $44.98, for a total value of $22,860,995.04. Following the completion of the transaction, the chief executive officer now owns 4,108,522 shares of the company’s stock, valued at approximately $184,801,319.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sheldon M. Bonovitz sold 5,600 shares of the business’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $45.47, for a total transaction of $254,632.00. Following the completion of the transaction, the director now directly owns 27,912 shares of the company’s stock, valued at approximately $1,269,158.64. The disclosure for this sale can be found here. Insiders sold a total of 591,948 shares of company stock worth $26,526,254 over the last quarter. Insiders own 1.35% of the company’s stock.

Several equities research analysts have commented on the stock. Wolfe Research set a $56.00 target price on shares of Comcast and gave the stock a “buy” rating in a research report on Friday, October 25th. Morgan Stanley set a $53.00 target price on shares of Comcast and gave the stock a “buy” rating in a research report on Friday, October 25th. Pivotal Research boosted their target price on shares of Comcast from $54.00 to $56.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Benchmark assumed coverage on shares of Comcast in a research report on Wednesday, September 25th. They set a “buy” rating and a $64.00 target price on the stock. Finally, Rosenblatt Securities restated a “buy” rating and set a $52.00 target price on shares of Comcast in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eighteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $50.52.

Shares of Comcast stock traded up $0.60 on Friday, hitting $47.47. The company’s stock had a trading volume of 7,121,664 shares, compared to its average volume of 19,008,648. Comcast Co. has a 52-week low of $34.67 and a 52-week high of $47.27. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.33. The firm has a fifty day moving average price of $44.46 and a 200-day moving average price of $44.47. The company has a market capitalization of $209.40 billion, a P/E ratio of 18.62, a price-to-earnings-growth ratio of 1.15 and a beta of 1.05.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, October 24th. The cable giant reported $0.79 EPS for the quarter, topping the consensus estimate of $0.75 by $0.04. Comcast had a net margin of 11.45% and a return on equity of 17.97%. The business had revenue of $26.83 billion for the quarter, compared to analyst estimates of $26.77 billion. During the same period in the previous year, the firm earned $0.65 EPS. The business’s revenue for the quarter was up 21.2% compared to the same quarter last year. As a group, analysts expect that Comcast Co. will post 3.1 earnings per share for the current year.

The firm 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 $0.21 dividend. The ex-dividend date is Tuesday, January 7th. This represents a $0.84 annualized dividend and a dividend yield of 1.77%. Comcast’s dividend payout ratio is presently 32.94%.

Comcast Company Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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