Beese Fulmer Investment Management Inc. Sells 165,385 Shares of Comcast Co. (NASDAQ:CMCSA)

Beese Fulmer Investment Management Inc. reduced its position in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 57.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 123,924 shares of the cable giant's stock after selling 165,385 shares during the period. Beese Fulmer Investment Management Inc.'s holdings in Comcast were worth $4,573,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Sculati Wealth Management LLC grew its stake in shares of Comcast by 0.9% during the 4th quarter. Sculati Wealth Management LLC now owns 30,792 shares of the cable giant's stock worth $1,156,000 after purchasing an additional 285 shares during the period. Five Oceans Advisors lifted its position in shares of Comcast by 2.5% in the fourth quarter. Five Oceans Advisors now owns 12,336 shares of the cable giant's stock valued at $463,000 after acquiring an additional 298 shares in the last quarter. Kovack Advisors Inc. boosted its stake in shares of Comcast by 1.1% during the 4th quarter. Kovack Advisors Inc. now owns 26,470 shares of the cable giant's stock worth $993,000 after purchasing an additional 300 shares during the last quarter. Beck Mack & Oliver LLC boosted its holdings in shares of Comcast by 2.0% during the fourth quarter. Beck Mack & Oliver LLC now owns 15,539 shares of the cable giant's stock worth $583,000 after purchasing an additional 300 shares during the last quarter. Finally, Avitas Wealth Management LLC boosted its stake in Comcast by 0.6% in the 4th quarter. Avitas Wealth Management LLC now owns 58,490 shares of the cable giant's stock worth $2,195,000 after buying an additional 328 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company's stock.

Comcast Trading Up 0.3%

Comcast stock traded up $0.11 during trading hours on Wednesday, reaching $34.77. The stock had a trading volume of 5,717,967 shares, compared to its average volume of 25,951,459. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. Comcast Co. has a 52 week low of $31.44 and a 52 week high of $45.31. The stock has a market cap of $129.82 billion, a PE ratio of 8.38, a PEG ratio of 1.78 and a beta of 0.97. The company has a fifty day simple moving average of $34.53 and a 200-day simple moving average of $36.55.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The business had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $29.82 billion. During the same quarter in the prior year, the company earned $1.04 earnings per share. The firm's quarterly revenue was down .6% compared to the same quarter last year. Analysts forecast that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd will be paid a $0.33 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.80%. Comcast's dividend payout ratio is presently 32.43%.

Wall Street Analyst Weigh In

Several brokerages recently commented on CMCSA. Argus downgraded Comcast from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. BNP Paribas lowered Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 target price for the company. in a research report on Thursday, April 10th. Morgan Stanley set a $37.00 target price on shares of Comcast in a research note on Friday, April 25th. Rosenblatt Securities reaffirmed a "neutral" rating and set a $36.00 target price on shares of Comcast in a report on Monday, April 28th. Finally, Scotiabank reiterated a "sector perform" rating and issued a $44.50 price objective (down from $45.00) on shares of Comcast in a research report on Friday, April 25th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Comcast presently has an average rating of "Moderate Buy" and an average target price of $42.10.

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.