Comcast (NASDAQ:CMCSA) Stock Unloaded Rep. George Whitesides

Representative George Whitesides (D-California) recently sold shares of Comcast Co. NASDAQ: CMCSA. In a filing disclosed on April 23rd, the Representative disclosed that they had sold between $50,001 and $100,000 in Comcast stock on March 24th. The trade occurred in the Representative's "GEORGE WHITESIDES INDIVIDUAL" account.

Representative George Whitesides also recently made the following trade(s):

• Sold $100,001 - $250,000 in shares of Netflix NASDAQ: NFLX on 3/27/2025.
• Sold $250,001 - $500,000 in shares of Innoviva NASDAQ: INVA on 3/25/2025.
• Sold $50,001 - $100,000 in shares of Union Pacific NYSE: UNP on 3/24/2025.
• Sold $100,001 - $250,000 in shares of Linde NASDAQ: LIN on 3/24/2025.
• Sold $100,001 - $250,000 in shares of Procter & Gamble NYSE: PG on 3/24/2025.
• Sold $1,001 - $15,000 in shares of Sandoz Group OTCMKTS: SDZNY on 3/24/2025.
• Sold $15,001 - $50,000 in shares of American Electric Power NASDAQ: AEP on 3/24/2025.
• Sold $50,001 - $100,000 in shares of Medtronic NYSE: MDT on 3/24/2025.
• Sold $100,001 - $250,000 in shares of McDonald's NYSE: MCD on 3/24/2025.
• Sold $15,001 - $50,000 in shares of Bank of America NYSE: BAC on 3/24/2025.

Comcast Stock Performance

CMCSA traded down $0.28 during trading hours on Thursday, hitting $33.93. The company's stock had a trading volume of 2,040,677 shares, compared to its average volume of 21,831,189. The firm has a market capitalization of $128.27 billion, a PE ratio of 8.16, a PEG ratio of 1.78 and a beta of 0.94. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. The company has a 50-day simple moving average of $35.21 and a 200 day simple moving average of $37.93. Comcast Co. has a fifty-two week low of $31.44 and a fifty-two week high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The company had revenue of $29.89 billion for the quarter, compared to analysts' expectations of $29.82 billion. During the same period last year, the firm earned $1.04 EPS. The firm's revenue for the quarter was down .6% on a year-over-year basis. As a group, sell-side analysts expect that Comcast Co. will post 4.33 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently commented on CMCSA shares. Barclays dropped their target price on shares of Comcast from $37.00 to $35.00 and set an "equal weight" rating on the stock in a report on Monday. BNP Paribas cut shares of Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price target for the company. in a report on Thursday, April 10th. Sanford C. Bernstein set a $38.00 target price on shares of Comcast in a research report on Friday, January 31st. KeyCorp dropped their price target on shares of Comcast from $47.00 to $45.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Finally, Loop Capital lowered their target price on Comcast from $54.00 to $53.00 and set a "buy" rating on the stock in a research note on Thursday, January 2nd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $42.10.

Hedge Funds Weigh In On Comcast

A number of institutional investors have recently modified their holdings of the stock. Promus Capital LLC bought a new position in Comcast during the fourth quarter worth about $25,000. Winch Advisory Services LLC lifted its position in Comcast by 269.9% in the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant's stock valued at $26,000 after acquiring an additional 502 shares in the last quarter. Inlight Wealth Management LLC acquired a new stake in shares of Comcast in the 1st quarter valued at about $26,000. Roxbury Financial LLC acquired a new position in shares of Comcast during the fourth quarter worth about $27,000. Finally, Wingate Wealth Advisors Inc. bought a new stake in Comcast in the 4th quarter valued at approximately $28,000. 84.32% of the stock is owned by institutional investors.

About Representative Whitesides

George Whitesides (Democratic Party) is a member of the U.S. House, representing California's 27th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Whitesides (Democratic Party) ran for election to the U.S. House to represent California's 27th Congressional District. He won in the general election on November 5, 2024. George Whitesides earned a bachelor's degree in public and international affairs from Princeton University in 1996 and a master's degree in remote sensing and GIS from the University of Cambridge in 2000. His career experience includes working as the chief of staff for NASA during the administration of President Barack Obama (D) and the CEO of human spaceflight company Virgin Galactic. Whitesides co-founded Megafire Action, an organization dedicated to responding to wildfires. Whitesides co-chaired the Antelope Valley Covid-19 Task Force and joined the Antelope Valley Economic Development and Growth Enterprise (AV EDGE) as a board member.

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.