Fee Only Financial Planning L.C. Sells 490 Shares of Comcast Co. (NASDAQ:CMCSA)

Fee Only Financial Planning L.C. cut its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 5.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 7,969 shares of the cable giant’s stock after selling 490 shares during the period. Fee Only Financial Planning L.C.’s holdings in Comcast were worth $349,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Berry Wealth Group LP purchased a new position in Comcast during the 4th quarter valued at about $2,804,000. Pillar Wealth Advisors LLC purchased a new position in Comcast during the 4th quarter valued at about $412,000. Parthenon LLC grew its holdings in Comcast by 4.6% during the 4th quarter. Parthenon LLC now owns 7,898 shares of the cable giant’s stock valued at $346,000 after buying an additional 348 shares in the last quarter. Hartford Funds Management Co LLC grew its holdings in Comcast by 39.6% during the 4th quarter. Hartford Funds Management Co LLC now owns 13,169 shares of the cable giant’s stock valued at $577,000 after buying an additional 3,734 shares in the last quarter. Finally, Savant Capital LLC grew its holdings in Comcast by 8.3% during the 4th quarter. Savant Capital LLC now owns 126,225 shares of the cable giant’s stock valued at $5,535,000 after buying an additional 9,714 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CMCSA. Deutsche Bank Aktiengesellschaft reduced their target price on Comcast from $55.00 to $53.00 in a report on Friday, April 5th. Scotiabank cut their price objective on Comcast from $50.00 to $47.25 and set a “sector perform” rating for the company in a report on Friday, April 26th. Citigroup cut their price objective on Comcast from $53.00 to $48.00 and set a “buy” rating for the company in a report on Monday. Wells Fargo & Company cut their price objective on Comcast from $47.00 to $43.00 and set an “equal weight” rating for the company in a report on Friday, April 26th. Finally, Redburn Atlantic lowered Comcast from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $50.00 to $44.00 in a report on Thursday, February 15th. Ten research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, Comcast presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.60.

Comcast Trading Up 0.2 %

CMCSA stock traded up $0.09 during midday trading on Wednesday, hitting $38.20. The company had a trading volume of 9,418,323 shares, compared to its average volume of 20,735,469. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.13. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.46. The stock’s 50 day moving average price is $41.47 and its 200 day moving average price is $42.47. The stock has a market cap of $151.73 billion, a price-to-earnings ratio of 10.13, a PEG ratio of 0.97 and a beta of 0.98.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.06. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The firm had revenue of $30.06 billion for the quarter, compared to analysts’ expectations of $29.83 billion. During the same period in the previous year, the firm earned $0.92 earnings per share. The business’s revenue was up 1.2% compared to the same quarter last year. As a group, equities research analysts expect that Comcast Co. will post 4.21 earnings per share for the current fiscal year.

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.