Schaper Benz & Wise Investment Counsel Inc. WI Grows Stock Position in Comcast Co. (NASDAQ:CMCSA)

Schaper Benz & Wise Investment Counsel Inc. WI boosted its position in shares of Comcast Co. (NASDAQ:CMCSA) by 1.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 457,005 shares of the cable giant’s stock after buying an additional 6,750 shares during the quarter. Comcast accounts for approximately 1.5% of Schaper Benz & Wise Investment Counsel Inc. WI’s investment portfolio, making the stock its 24th largest position. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in Comcast were worth $19,089,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Capital Investment Advisors LLC grew its position in Comcast by 4.5% in the 2nd quarter. Capital Investment Advisors LLC now owns 36,027 shares of the cable giant’s stock valued at $1,411,000 after acquiring an additional 1,550 shares during the last quarter. First Hawaiian Bank increased its stake in Comcast by 8.9% in the 2nd quarter. First Hawaiian Bank now owns 191,846 shares of the cable giant’s stock worth $7,513,000 after buying an additional 15,664 shares during the period. BNP Paribas purchased a new stake in Comcast in the 1st quarter valued at about $4,117,000. Douglas Lane & Associates LLC grew its stake in Comcast by 0.7% in the 3rd quarter. Douglas Lane & Associates LLC now owns 2,210,469 shares of the cable giant’s stock worth $92,331,000 after acquiring an additional 15,807 shares in the last quarter. Finally, American National Bank & Trust Co. VA purchased a new position in shares of Comcast during the first quarter worth approximately $426,000. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

CMCSA opened at $41.93 on Friday. The company has a market cap of $164.52 billion, a P/E ratio of 11.09, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.16. The firm’s 50-day moving average price is $40.30 and its 200-day moving average price is $39.45. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.11.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share (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 business had revenue of $29.69 billion for the quarter, compared to analyst estimates of $30.02 billion. During the same quarter in the prior year, the business posted $1.13 EPS. Comcast’s revenue for the quarter was down 2.7% compared to the same quarter last year. As a group, equities analysts anticipate that Comcast Co. will post 4.23 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CMCSA has been the subject of a number of research analyst reports. Scotiabank lifted their target price on Comcast from $47.25 to $47.75 and gave the company a “sector perform” rating in a research report on Friday. 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 note on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $45.00 price target on shares of Comcast in a research report on Wednesday, July 24th. Finally, StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 24th. One research 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. According to data from MarketBeat, Comcast has an average rating of “Hold” and an average price target of $45.58.

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.