Comcast Corporation $CMCSA Shares Sold by Schaper Benz & Wise Investment Counsel Inc. WI

Key Points

• Schaper Benz & Wise Investment Counsel Inc. reduced its stake in Comcast Corporation by 7.9%, selling 29,315 shares, bringing their total holdings to 341,309 shares worth $12.18 million.
• Comcast shares recently experienced a 1.9% decrease and are currently trading at $29.40, with a market cap of $108.55 billion.
• Analysts have set new price targets, with UBS Group and KeyCorp both targeting $43.00; the consensus price target for Comcast is $39.76.

Schaper Benz & Wise Investment Counsel Inc. WI lowered its stake in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 7.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 341,309 shares of the cable giant's stock after selling 29,315 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI's holdings in Comcast were worth $12,181,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Global Trust Asset Management LLC increased its holdings in shares of Comcast by 906.8% in the second quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant's stock valued at $27,000 after purchasing an additional 671 shares during the period. Cranbrook Wealth Management LLC increased its holdings in shares of Comcast by 86.0% in the second quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant's stock valued at $27,000 after purchasing an additional 350 shares during the period. Ransom Advisory Ltd acquired a new position in shares of Comcast in the first quarter valued at approximately $29,000. Abound Financial LLC acquired a new position in shares of Comcast in the first quarter valued at approximately $29,000. Finally, Princeton Global Asset Management LLC increased its holdings in shares of Comcast by 403.5% in the second quarter. Princeton Global Asset Management LLC now owns 856 shares of the cable giant's stock valued at $31,000 after purchasing an additional 686 shares during the period. Institutional investors and hedge funds own 84.32% of the company's stock.

Comcast Stock Down 1.9%

CMCSA opened at $29.40 on Thursday. The business's fifty day moving average is $32.08 and its two-hundred day moving average is $33.58. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market cap of $108.55 billion, a price-to-earnings ratio of 4.86, a PEG ratio of 1.77 and a beta of 0.94. Comcast Corporation has a one year low of $29.15 and a one year high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its earnings results on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. The company had revenue of $30.34 billion for the quarter. Comcast had a return on equity of 18.86% and a net margin of 18.44%. Analysts anticipate that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on CMCSA. UBS Group set a $43.00 price target on Comcast in a research note on Friday, October 3rd. KeyCorp decreased their price target on Comcast from $45.00 to $43.00 and set an "overweight" rating on the stock in a research note on Friday, October 3rd. Arete Research upgraded Comcast to a "hold" rating in a research note on Tuesday, July 8th. Barclays decreased their price target on Comcast from $35.00 to $34.00 and set an "equal weight" rating on the stock in a research note on Friday, August 1st. Finally, Citigroup restated a "buy" rating on shares of Comcast in a research note on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Comcast currently has an average rating of "Hold" and a consensus price target of $39.76.

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.

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