Insider Trading Alert: Noteworthy Transactions at Comcast Corporation (CMCSA), Dr Pepper (DPS) and 3 Other Companies

The Man in Charge of Comcast Unloaded a Sizable Block of Shares This Week

Comcast Corporation (NASDAQ:CMCSA)’s Chairman and Chief Executive Officer, Brian L. Roberts, discarded 200,000 shares on Tuesday at prices that ranged between $62.55 and $62.72 per share, cutting his direct ownership stake to 725,224 shares. Mr. Roberts also owns an indirect ownership stake of nearly 8.00 million shares, which are held by his spouse, trust funds, and other entities.

The global media and technology company primarily operates two businesses: Comcast Cable and NBCUniversal. The latter is a leading media and entertainment company which was recently strengthened by the $3.8 billion acquisition of Dreamworks Animation Skg Inc. (NASDAQ:DWA). The shareholders of the target company, known for its highly popular animated films such as Shrek, Madagascar, and Kung Fu Panda, will receive $41 in cash for each share they own of DreamWorks. Comcast shares are nearly 10% in the green thus far in 2016. Ken Fisher’s Fisher Asset Management had 12.39 million shares of Comcast Corporation (NASDAQ:CMCSA) in its equity portfolio at the end of March.

Dr Pepper Witnessed Some Heavy Insider Selling This Week

David Thomas, Executive Vice President of Research & Development at Dr Pepper Snapple Group Inc. (NYSE:DPS), sold 3,000 shares on Tuesday at a weighted average price of $95.51, trimming his overall holding to 42,000 shares. Moreover, Rodger Collins, President of Packaged Beverages, discarded 100 shares on Monday and 52,290 shares on Tuesday for $95.00-to-$95.37 per share, which reduced his ownership to 81,395 shares.

The maker of Dr Pepper, Schweppes, and 7UP has seen its shares advance by 1% since the start of the year, after gaining 5% over the past three months. Soon after the company released its financial results for the first quarter, analysts at Barclays raised their price target on Dr Pepper Snapple Group Inc. (NYSE:DPS) to $94 from $88 and reiterated their ‘Equal Weight’ rating on it, saying that the company’s allied brands continue to serve as a strong catalyst for revenue growth. David Harding’s Winton Capital Management trimmed its stake in Dr Pepper Snapple Group Inc. (NYSE:DPS) by 91% during the March quarter, to just under 7,000 shares.

Disclosure: None