Schaper Benz & Wise Investment Counsel Inc. WI Trims Stake in Comcast Corporation (NASDAQ:CMCSA)

Schaper Benz & Wise Investment Counsel Inc. WI cut its stake in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 13.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 370,624 shares of the cable giant's stock after selling 57,260 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI's holdings in Comcast were worth $13,676,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Promus Capital LLC acquired a new stake in shares of Comcast during the 4th quarter worth approximately $25,000. Retirement Wealth Solutions LLC lifted its stake in shares of Comcast by 126.9% in the 1st quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock valued at $30,000 after acquiring an additional 448 shares during the last quarter. Mpwm Advisory Solutions LLC acquired a new stake in shares of Comcast during the 4th quarter valued at $33,000. Global Wealth Strategies & Associates increased its holdings in Comcast by 203.4% in the 1st quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant's stock worth $33,000 after purchasing an additional 600 shares in the last quarter. Finally, Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of Comcast during the fourth quarter worth about $36,000. Institutional investors own 84.32% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on CMCSA shares. UBS Group set a $44.50 price target on shares of Comcast in a report on Friday, April 25th. Barclays reduced their target price on Comcast from $37.00 to $35.00 and set an "equal weight" rating for the company in a research note on Monday, April 28th. Oppenheimer dropped their price target on Comcast from $55.00 to $38.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Scotiabank reissued a "sector perform" rating and issued a $44.50 price objective (down previously from $45.00) on shares of Comcast in a research note on Friday, April 25th. Finally, BNP Paribas lowered Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 target price on the stock. in a research report on Thursday, April 10th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $42.10.

Comcast Trading Down 0.8%

Comcast stock traded down $0.27 during mid-day trading on Wednesday, hitting $34.26. The company's stock had a trading volume of 16,242,295 shares, compared to its average volume of 21,993,880. Comcast Corporation has a 12 month low of $31.44 and a 12 month high of $45.31. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.65 and a quick ratio of 0.65. The business has a 50 day moving average price of $34.49 and a 200-day moving average price of $35.99. The stock has a market cap of $127.92 billion, a price-to-earnings ratio of 8.42, a price-to-earnings-growth ratio of 1.69 and a beta of 0.95.

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 for the quarter, beating analysts' consensus estimates of $1.01 by $0.08. Comcast had a return on equity of 19.70% and a net margin of 12.72%. The company had revenue of $29.89 billion during the quarter, compared to analyst estimates of $29.82 billion. During the same quarter last year, the company earned $1.04 EPS. The firm's revenue for the quarter was down .6% on a year-over-year basis. As a group, analysts forecast that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd will be issued a dividend of $0.33 per share. The ex-dividend date is Wednesday, July 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.85%. Comcast's payout ratio is 32.43%.

About Comcast

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.