Rep. Rick Larsen Sells Off Shares of Comcast Co. (NASDAQ:CMCSA)

Representative Rick Larsen (D-Washington) recently sold shares of Comcast Co. (NASDAQ:CMCSA). In a filing disclosed on January 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in Comcast stock on January 7th.

Representative Rick Larsen also recently made the following trade(s):

  • Purchased $1,001 – $15,000 in shares of Cintas (NASDAQ:CTAS) on 1/7/2025.
  • Sold $1,001 – $15,000 in shares of Booz Allen Hamilton (NYSE:BAH) on 1/7/2025.
  • Purchased $1,001 – $15,000 in shares of Alphabet (NASDAQ:GOOGL) on 1/7/2025.
  • Purchased $1,001 – $15,000 in shares of Broadridge Financial Solutions (NYSE:BR) on 1/7/2025.
  • Purchased $1,001 – $15,000 in shares of Verisk Analytics (NASDAQ:VRSK) on 1/7/2025.
  • Sold $1,001 – $15,000 in shares of UnitedHealth Group (NYSE:UNH) on 1/7/2025.
  • Sold $1,001 – $15,000 in shares of General Dynamics (NYSE:GD) on 1/7/2025.

Comcast Trading Down 0.5 %

Shares of CMCSA stock opened at $36.31 on Friday. The company has a market capitalization of $138.94 billion, a PE ratio of 9.76, a price-to-earnings-growth ratio of 1.33 and a beta of 1.01. Comcast Co. has a 52-week low of $36.15 and a 52-week high of $47.11. The business’s fifty day moving average is $40.27 and its 200 day moving average is $40.20. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72.

Comcast (NASDAQ:CMCSAGet Free Report) last announced its quarterly earnings data 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 return on equity of 19.81% and a net margin of 11.92%. The company had revenue of $32.07 billion for the quarter, compared to analysts’ expectations of $31.78 billion. During the same period last year, the firm posted $1.08 EPS. Comcast’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, equities research analysts anticipate that Comcast Co. will post 4.25 EPS for the current fiscal year.

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.42%. Comcast’s dividend payout ratio (DPR) is currently 33.33%.

Analyst Ratings Changes

Several analysts have weighed in on the company. Morgan Stanley downgraded 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. TD Cowen lowered their price target on shares of Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a report on Friday, November 1st. Seaport Res Ptn raised shares of Comcast from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Loop Capital reduced their price target on Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $47.33.

Check Out Our Latest Stock Analysis on Comcast

Insider Transactions at Comcast

In other news, President Michael J. Cavanagh sold 25,537 shares of the company’s stock in a transaction dated 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 completion of the sale, the president now owns 534,849 shares of the company’s stock, valued at $22,779,218.91. This represents a 4.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Brian L. Roberts sold 234,464 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now 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 disclosure for this sale can be found here. Company insiders own 1.26% of the company’s stock.

Hedge Funds Weigh In On Comcast

Hedge funds have recently bought and sold shares of the company. Fairscale Capital LLC bought a new stake in shares of Comcast in the 2nd quarter worth $26,000. Winch Advisory Services LLC boosted its position in shares of Comcast by 269.9% during the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after buying an additional 502 shares during the last quarter. McClarren Financial Advisors Inc. increased its holdings in Comcast by 365.4% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after buying an additional 570 shares in the last quarter. Safe Harbor Fiduciary LLC bought a new position in Comcast during the 3rd quarter valued at about $30,000. Finally, Iron Horse Wealth Management LLC boosted its holdings in shares of Comcast by 220.3% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock valued at $32,000 after acquiring an additional 522 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

About Representative Larsen

Rick Larsen (Democratic Party) is a member of the U.S. House, representing Washington’s 2nd Congressional District. He assumed office on January 3, 2001. His current term ends on January 3, 2025. Larsen (Democratic Party) is running for re-election to the U.S. House to represent Washington’s 2nd Congressional District. He declared candidacy for the primary scheduled on August 6, 2024. Since at least 2011, Larsen has been assigned to the Committee on Armed Services and the Committee on Transportation and Infrastructure. Larsen’s first position as an elected official was in 1998 as a member of the Snohomish County Council. Larsen earned his bachelor’s degree from Pacific Lutheran University. After earning his master’s degree in public affairs from the University of Minnesota, Larsen worked as the director of public affairs for the Washington State Dental Association and then as an economic development official with the Port of Everett. He went on to serve on the Snohomish County Council before seeking election to the U.S. House.

Comcast Company Profile

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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.

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