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GC Wealth Management RIA LLC Sells 52,202 Shares of Comcast Corporation $CMCSA
GC Wealth Management RIA LLC significantly reduced its stake in Comcast Corporation (NASDAQ:CMCSA) by selling 52,202 shares in the fourth quarter, decreasing its holding by 87% to 7,799 shares. This comes as Comcast CEO Michael J. Cavanagh also sold a substantial number of shares, reducing his position. Despite these insider and institutional sales, Comcast reported strong quarterly earnings, beating analyst estimates with an EPS of $0.79 and revenue of $31.46 billion, maintaining a consensus “Hold” rating from analysts with a target price of $34.94.