Beese Fulmer Investment Management Inc. Sells 11,776 Shares of Comcast Co. (NASDAQ:CMCSA)

Beese Fulmer Investment Management Inc. reduced its holdings in Comcast Co. (NASDAQ:CMCSA) by 3.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 297,089 shares of the cable giant’s stock after selling 11,776 shares during the quarter. Beese Fulmer Investment Management Inc.’s holdings in Comcast were worth $12,409,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Fairscale Capital LLC bought a new stake in shares of Comcast during the 2nd quarter valued at $26,000. Strategic Financial Concepts LLC bought a new stake in shares of Comcast during the 2nd quarter valued at $27,000. IAG Wealth Partners LLC raised its position in shares of Comcast by 204.7% during the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 522 shares during the last quarter. McClarren Financial Advisors Inc. raised its position in shares of Comcast by 365.4% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 570 shares during the last quarter. Finally, Archer Investment Corp increased its position in shares of Comcast by 177.1% in the 2nd quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock valued at $32,000 after buying an additional 519 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

CMCSA has been the subject of a number of recent analyst reports. Pivotal Research lowered their price objective on shares of Comcast from $48.00 to $47.00 and set a “buy” rating for the company 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. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Comcast from $50.00 to $49.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. KeyCorp lowered their price objective on shares of Comcast from $45.00 to $44.00 and set an “overweight” rating for the company in a research report on Wednesday, July 24th. Finally, Evercore ISI lowered their price objective on shares of Comcast from $50.00 to $48.00 and set an “outperform” rating for the company in a research report on Tuesday, July 2nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $45.58.

Comcast Stock Performance

Comcast stock opened at $41.55 on Thursday. The firm has a 50-day moving average of $40.44 and a 200-day moving average of $39.45. Comcast Co. has a one year low of $36.43 and a one year 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. The company has a market cap of $163.03 billion, a price-to-earnings ratio of 10.99, a P/E/G ratio of 1.10 and a beta of 1.01.

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