Daymark Wealth Partners LLC Sells 1,677 Shares of Comcast Co. (NASDAQ:CMCSA)

Daymark Wealth Partners LLC reduced its position in shares of Comcast Co. (NASDAQ:CMCSA) by 6.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,425 shares of the cable giant’s stock after selling 1,677 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Comcast were worth $917,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Fred Alger Management LLC raised its position in shares of Comcast by 5.6% in the second quarter. Fred Alger Management LLC now owns 129,580 shares of the cable giant’s stock valued at $5,074,000 after purchasing an additional 6,818 shares during the period. AlTi Global Inc. boosted its holdings in shares of Comcast by 7.6% during the second quarter. AlTi Global Inc. now owns 49,795 shares of the cable giant’s stock worth $1,950,000 after acquiring an additional 3,500 shares during the period. AQR Capital Management LLC increased its stake in shares of Comcast by 92.1% during the second quarter. AQR Capital Management LLC now owns 8,722,620 shares of the cable giant’s stock worth $339,223,000 after purchasing an additional 4,182,525 shares during the period. Drucker Wealth 3.0 LLC acquired a new stake in Comcast during the 2nd quarter worth approximately $5,184,000. Finally, DoubleLine ETF Adviser LP boosted its stake in Comcast by 5.2% in the 2nd quarter. DoubleLine ETF Adviser LP now owns 95,688 shares of the cable giant’s stock valued at $3,747,000 after purchasing an additional 4,687 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Insider Buying and Selling

In related news, President Michael J. Cavanagh sold 25,537 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total value of $1,087,620.83. Following the completion of the sale, the president now directly owns 534,849 shares of the company’s stock, valued at approximately $22,779,218.91. This represents a 4.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Brian L. Roberts sold 234,464 shares of Comcast stock in a transaction on 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 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 ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is owned by company insiders.

Comcast Stock Performance

Shares of Comcast stock opened at $37.47 on Friday. The company has a market cap of $143.38 billion, a P/E ratio of 10.07, a PEG ratio of 1.35 and a beta of 1.01. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. The business has a 50-day moving average price of $39.54 and a two-hundred day moving average price of $40.16. Comcast Co. has a 1-year low of $36.15 and a 1-year high of $47.11.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data 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 company had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. During the same quarter last year, the firm posted $1.08 EPS. The company’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 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on CMCSA shares. Macquarie reissued a “neutral” rating and set a $42.00 target price on shares of Comcast in a report on Monday, January 6th. Pivotal Research lifted their price objective on shares of Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. KeyCorp raised their target price on shares of Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Scotiabank upgraded Comcast from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the company from $47.75 to $48.00 in a research note on Friday, November 1st. Finally, Rosenblatt Securities restated a “neutral” rating and set a $45.00 price objective on shares of Comcast in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, Comcast has an average rating of “Moderate Buy” and an average price target of $47.33.

About Comcast

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.