Schnieders Capital Management LLC Sells 5,342 Shares of Comcast Co. (NASDAQ:CMCSA)

Schnieders Capital Management LLC trimmed its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 16.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 27,276 shares of the cable giant’s stock after selling 5,342 shares during the quarter. Schnieders Capital Management LLC’s holdings in Comcast were worth $1,196,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of CMCSA. NewSquare Capital LLC increased its position in shares of Comcast by 94.1% in the third quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock worth $28,000 after purchasing an additional 302 shares during the period. Tennessee Valley Asset Management Partners bought a new position in Comcast in the 4th quarter valued at about $34,000. Lipe & Dalton bought a new position in Comcast in the 4th quarter valued at about $37,000. First Personal Financial Services acquired a new position in shares of Comcast in the 3rd quarter valued at approximately $39,000. Finally, Valued Wealth Advisors LLC bought a new stake in shares of Comcast during the 4th quarter worth approximately $44,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on CMCSA shares. Redburn Atlantic downgraded shares of Comcast from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $50.00 to $44.00 in a research report on Thursday, February 15th. Citigroup boosted their price target on Comcast from $51.00 to $53.00 and gave the stock a “buy” rating in a report on Tuesday, January 30th. StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. Wells Fargo & Company lowered their target price on Comcast from $50.00 to $47.00 and set an “equal weight” rating for the company in a research note on Friday, April 5th. Finally, Evercore ISI restated an “outperform” rating and issued a $50.00 price target on shares of Comcast in a research note on Tuesday, March 26th. Ten investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, Comcast has an average rating of “Moderate Buy” and an average price target of $49.74.

Comcast Trading Down 0.5 %

Shares of NASDAQ CMCSA traded down $0.21 during trading on Tuesday, reaching $40.36. The company had a trading volume of 15,322,636 shares, compared to its average volume of 20,645,980. Comcast Co. has a 12 month low of $36.38 and a 12 month high of $47.46. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.14. The stock has a market cap of $160.30 billion, a P/E ratio of 10.85, a PEG ratio of 0.98 and a beta of 0.98. The company’s fifty day moving average price is $41.75 and its 200-day moving average price is $42.66.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, January 25th. The cable giant reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 12.66% and a return on equity of 19.75%. As a group, research analysts expect that Comcast Co. will post 4.23 earnings per share for the current year.

Insider Buying and Selling

In other news, President Michael J. Cavanagh sold 114,749 shares of Comcast stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $46.10, for a total value of $5,289,928.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.18% of the stock is owned by insiders.

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.