Schaper Benz & Wise Investment Counsel Inc. WI Acquires 6,750 Shares of Comcast Co. (NASDAQ:CMCSA)

Schaper Benz & Wise Investment Counsel Inc. WI grew its holdings in Comcast Co. (NASDAQ:CMCSA) by 1.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 457,005 shares of the cable giant’s stock after purchasing an additional 6,750 shares during the period. Comcast comprises about 1.5% of Schaper Benz & Wise Investment Counsel Inc. WI’s investment portfolio, making the stock its 24th biggest holding. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in Comcast were worth $19,089,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Resonant Capital Advisors LLC boosted its holdings in Comcast by 2.6% in the third quarter. Resonant Capital Advisors LLC now owns 19,659 shares of the cable giant’s stock worth $821,000 after purchasing an additional 491 shares during the last quarter. Waypoint Capital Advisors LLC boosted its stake in shares of Comcast by 11.2% in the 3rd quarter. Waypoint Capital Advisors LLC now owns 5,751 shares of the cable giant’s stock worth $240,000 after buying an additional 579 shares during the last quarter. Chicago Capital LLC grew its holdings in shares of Comcast by 5.3% in the third quarter. Chicago Capital LLC now owns 23,226 shares of the cable giant’s stock worth $970,000 after acquiring an additional 1,177 shares during the period. Everett Harris & Co. CA increased its position in Comcast by 0.6% during the third quarter. Everett Harris & Co. CA now owns 1,687,106 shares of the cable giant’s stock valued at $70,470,000 after acquiring an additional 9,815 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its holdings in Comcast by 6.0% in the third quarter. Commonwealth Equity Services LLC now owns 1,040,565 shares of the cable giant’s stock valued at $43,464,000 after acquiring an additional 58,785 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on CMCSA shares. Seaport Res Ptn lowered shares of Comcast from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 24th. Barclays cut 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. The Goldman Sachs Group assumed coverage on Comcast in a report on Tuesday, June 25th. They issued a “buy” rating and a $44.00 target price on the stock. Pivotal Research cut their price target on Comcast from $48.00 to $47.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Finally, Macquarie reaffirmed a “neutral” rating and set a $40.00 price objective on shares of Comcast in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Comcast currently has an average rating of “Hold” and a consensus target price of $45.58.

Comcast Price Performance

NASDAQ:CMCSA opened at $41.93 on Friday. The business’s 50-day moving average is $40.30 and its 200 day moving average is $39.45. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.11. The company has a market capitalization of $164.52 billion, a P/E ratio of 11.09, a P/E/G ratio of 1.10 and a beta of 1.01. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.16.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.09. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The business had revenue of $29.69 billion for the quarter, compared to analysts’ expectations of $30.02 billion. During the same period in the prior year, the firm earned $1.13 EPS. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. On average, equities research analysts forecast 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.