Comcast Co. (NASDAQ:CMCSA) Shares Sold by Schnieders Capital Management LLC

Schnieders Capital Management LLC decreased its holdings in Comcast Co. (NASDAQ:CMCSA) by 16.4% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 27,276 shares of the cable giant’s stock after selling 5,342 shares during the period. Schnieders Capital Management LLC’s holdings in Comcast were worth $1,196,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Cumberland Partners Ltd raised its holdings in shares of Comcast by 7.5% during the 4th quarter. Cumberland Partners Ltd now owns 39,287 shares of the cable giant’s stock valued at $1,724,000 after buying an additional 2,750 shares during the period. Millington Financial Advisors LLC acquired a new position in shares of Comcast during the fourth quarter worth $1,105,000. GAMMA Investing LLC purchased a new position in shares of Comcast in the fourth quarter valued at $1,184,000. Element Wealth LLC grew its holdings in Comcast by 8.4% during the 4th quarter. Element Wealth LLC now owns 7,562 shares of the cable giant’s stock valued at $332,000 after purchasing an additional 588 shares in the last quarter. Finally, Beaumont Asset Management L.L.C. increased its stake in Comcast by 1.6% during the 4th quarter. Beaumont Asset Management L.L.C. now owns 14,141 shares of the cable giant’s stock worth $620,000 after buying an additional 226 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Comcast news, President Michael J. Cavanagh sold 114,749 shares of Comcast stock in a transaction on Monday, January 29th. The shares were sold at an average price of $46.10, for a total transaction of $5,289,928.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.18% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on CMCSA. BNP Paribas restated a “neutral” rating and set a $45.00 price objective on shares of Comcast in a research note on Tuesday, April 9th. Oppenheimer restated an “outperform” rating and issued a $55.00 price target on shares of Comcast in a research note on Wednesday, April 3rd. Citigroup increased their price objective on shares of Comcast from $51.00 to $53.00 and gave the company a “buy” rating in a research note on Tuesday, January 30th. StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, March 22nd. Finally, Wells Fargo & Company decreased their price target on shares of Comcast from $50.00 to $47.00 and set an “equal weight” rating for the company in a report on Friday, April 5th. Ten research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, Comcast has an average rating of “Moderate Buy” and an average price target of $49.74.

Comcast Price Performance

CMCSA stock traded down $0.21 on Tuesday, hitting $40.36. 15,322,636 shares of the company’s stock traded hands, compared to its average volume of 20,645,980. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.14. The stock has a market cap of $160.30 billion, a price-to-earnings ratio of 10.85, a P/E/G ratio of 0.98 and a beta of 0.98. Comcast Co. has a 1-year low of $36.38 and a 1-year high of $47.46. The stock has a fifty day moving average of $41.75 and a 200-day moving average of $42.66.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, January 25th. The cable giant reported $0.84 EPS for the quarter, beating the consensus estimate of $0.80 by $0.04. The business had revenue of $31.25 billion during the quarter, compared to the consensus estimate of $30.41 billion. Comcast had a return on equity of 19.75% and a net margin of 12.66%. On average, analysts forecast that Comcast Co. will post 4.23 EPS for the current fiscal year.

Comcast Company Profile

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.