Jeppson Wealth Management LLC Sells 786 Shares of Comcast Co. (NASDAQ:CMCSA)

Jeppson Wealth Management LLC lowered its stake in Comcast Co. (NASDAQ:CMCSA) by 4.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,425 shares of the cable giant’s stock after selling 786 shares during the quarter. Jeppson Wealth Management LLC’s holdings in Comcast were worth $691,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Susquehanna Fundamental Investments LLC bought a new position in Comcast in the 2nd quarter worth about $3,587,000. SkyView Investment Advisors LLC increased its position in shares of Comcast by 14.9% in the second 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 raised its stake in Comcast by 6.6% in the second quarter. Ascent Group LLC now owns 62,262 shares of the cable giant’s stock valued at $2,438,000 after purchasing an additional 3,834 shares in the last quarter. NewEdge Advisors LLC grew its stake in 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 buying an additional 11,206 shares in the last quarter. Finally, Wellington Wealth Strategies LLC. bought a new position in shares of Comcast in the 2nd quarter worth $276,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Morgan Stanley lowered shares of Comcast from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $48.00 to $45.00 in a research report on Monday, December 16th. KeyCorp increased their price objective on Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. StockNews.com upgraded Comcast from a “buy” rating to a “strong-buy” rating in a research report on Friday, January 17th. Rosenblatt Securities reissued a “neutral” rating and set a $45.00 price target on shares of Comcast in a research note on Wednesday, November 6th. Finally, Pivotal Research boosted their price objective on shares of Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a report on Friday, November 1st. One equities 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 given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.33.

Insiders Place Their Bets

In related news, CEO Brian L. Roberts sold 234,464 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total value 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 trade represents a 3.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Michael J. Cavanagh sold 25,537 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the sale, the president now directly owns 534,849 shares in the company, valued at $22,779,218.91. The trade was a 4.56 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.26% of the company’s stock.

Comcast Stock Performance

NASDAQ:CMCSA opened at $38.23 on Tuesday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. The firm’s fifty day simple moving average is $39.31 and its 200 day simple moving average is $40.18. The stock has a market cap of $146.29 billion, a P/E ratio of 10.28, a price-to-earnings-growth 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.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The firm had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. During the same quarter in the previous year, the firm posted $1.08 EPS. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, research analysts predict that Comcast Co. will post 4.25 EPS for the current year.

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.