Mowery & Schoenfeld Wealth Management LLC Reduces Position in Comcast Co. (NASDAQ:CMCSA)

Mowery & Schoenfeld Wealth Management LLC trimmed its holdings in Comcast Co. (NASDAQ:CMCSA) by 20.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,095 shares of the cable giant’s stock after selling 1,061 shares during the period. Mowery & Schoenfeld Wealth Management LLC’s holdings in Comcast were worth $171,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of CMCSA. DORCHESTER WEALTH MANAGEMENT Co grew its holdings in Comcast by 3.0% in the 3rd quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 200,280 shares of the cable giant’s stock valued at $8,366,000 after buying an additional 5,920 shares in the last quarter. Grimes & Company Inc. boosted its position in shares of Comcast by 0.4% during the 3rd quarter. Grimes & Company Inc. now owns 197,057 shares of the cable giant’s stock valued at $8,231,000 after acquiring an additional 844 shares during the last quarter. Patrick M Sweeney & Associates Inc. grew its holdings in shares of Comcast by 12.0% in the third quarter. Patrick M Sweeney & Associates Inc. now owns 6,147 shares of the cable giant’s stock valued at $257,000 after purchasing an additional 659 shares during the period. International Assets Investment Management LLC increased its position in Comcast by 5,414.9% during the third quarter. International Assets Investment Management LLC now owns 1,507,285 shares of the cable giant’s stock worth $62,959,000 after purchasing an additional 1,479,954 shares during the last quarter. Finally, McAdam LLC raised its stake in Comcast by 27.1% during the third quarter. McAdam LLC now owns 12,511 shares of the cable giant’s stock worth $523,000 after purchasing an additional 2,665 shares during the period. 84.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on CMCSA shares. Pivotal Research decreased their target price on shares of Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Barclays lowered their price objective on shares of Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a research report on Thursday, July 25th. StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 24th. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a research note on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $45.58.

Comcast Stock Down 0.2 %

Shares of CMCSA traded down $0.09 during mid-day trading on Thursday, reaching $41.46. The company’s stock had a trading volume of 2,460,956 shares, compared to its average volume of 19,470,775. The company’s 50 day moving average is $40.44 and its 200 day moving average is $39.45. The stock has a market cap of $162.67 billion, a PE ratio of 10.99, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01. Comcast Co. has a 12-month low of $36.43 and a 12-month high of $47.11. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.66 and a quick ratio of 0.66.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Tuesday, July 23rd. The cable giant reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The firm had revenue of $29.69 billion for the quarter, compared to the consensus estimate of $30.02 billion. During the same period last year, the firm posted $1.13 EPS. The company’s revenue was down 2.7% on a year-over-year basis. Equities analysts anticipate that Comcast Co. will post 4.23 EPS for the current fiscal year.

Comcast 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.