Modera Wealth Management LLC Cuts Stake in Comcast Co. (CMCSA)

Modera Wealth Management LLC lowered its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 3.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,861 shares of the cable giant’s stock after selling 412 shares during the period. Modera Wealth Management LLC’s holdings in Comcast were worth $438,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in CMCSA. Acima Private Wealth LLC acquired a new stake in shares of Comcast during the 4th quarter worth $25,000. Litman Gregory Asset Management LLC acquired a new stake in shares of Comcast during the 4th quarter worth $30,000. Ironwood Financial llc acquired a new stake in shares of Comcast during the 4th quarter worth $32,000. IMS Capital Management acquired a new stake in Comcast in the third quarter valued at about $38,000. Finally, Ipswich Investment Management Co. Inc. acquired a new stake in Comcast in the fourth quarter valued at about $52,000. Institutional investors own 81.24% of the company’s stock.

Several analysts recently weighed in on the company. BidaskClub lowered Comcast from a “buy” rating to a “hold” rating in a research note on Tuesday. Morgan Stanley raised their price objective on Comcast from $46.00 to $48.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. Nomura raised their price objective on Comcast from $41.00 to $44.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. KeyCorp lifted their price target on Comcast from $43.00 to $50.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. Finally, TD Securities lifted their price target on Comcast from $50.00 to $57.00 and gave the company a “buy” rating in a research note on Monday, April 29th. Eight analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $44.65.

Shares of CMCSA stock opened at $43.29 on Friday. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.38. Comcast Co. has a fifty-two week low of $30.43 and a fifty-two week high of $43.96. The company has a market capitalization of $199.39 billion, a price-to-earnings ratio of 16.98, a price-to-earnings-growth ratio of 1.17 and a beta of 1.13.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, April 25th. The cable giant reported $0.76 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.08. Comcast had a return on equity of 17.04% and a net margin of 12.34%. The firm had revenue of $26.86 billion during the quarter, compared to analysts’ expectations of $27.27 billion. During the same quarter last year, the firm posted $0.66 earnings per share. The company’s revenue for the quarter was up 17.8% compared to the same quarter last year. On average, research analysts anticipate that Comcast Co. will post 2.92 earnings per share for the current year.

In other Comcast news, EVP Stephen B. Burke sold 457,633 shares of the business’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $43.35, for a total value of $19,838,390.55. Following the transaction, the executive vice president now owns 1,078,189 shares of the company’s stock, valued at $46,739,493.15. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Daniel C. Murdock sold 919 shares of the business’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $40.36, for a total value of $37,090.84. Following the completion of the transaction, the chief accounting officer now directly owns 3,453 shares in the company, valued at approximately $139,363.08. The disclosure for this sale can be found here. Insiders sold 1,751,481 shares of company stock valued at $69,306,756 in the last three months. Insiders own 1.31% of the company’s stock.

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About Comcast

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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