Beese Fulmer Investment Management Inc. Has $12.41 Million Holdings in Comcast Co. (NASDAQ:CMCSA)

Beese Fulmer Investment Management Inc. cut its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 3.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 297,089 shares of the cable giant’s stock after selling 11,776 shares during the period. Beese Fulmer Investment Management Inc.’s holdings in Comcast were worth $12,409,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Patrick M Sweeney & Associates Inc. increased its holdings in shares of Comcast by 12.0% during the third quarter. Patrick M Sweeney & Associates Inc. now owns 6,147 shares of the cable giant’s stock worth $257,000 after purchasing an additional 659 shares during the period. International Assets Investment Management LLC boosted its position in Comcast by 5,414.9% in the third quarter. International Assets Investment Management LLC now owns 1,507,285 shares of the cable giant’s stock valued at $62,959,000 after buying an additional 1,479,954 shares in the last quarter. McAdam LLC lifted its holdings in shares of Comcast by 27.1% during the third quarter. McAdam LLC now owns 12,511 shares of the cable giant’s stock worth $523,000 after purchasing an additional 2,665 shares during the period. Monte Financial Group LLC lifted its holdings in Comcast by 1.8% in the third quarter. Monte Financial Group LLC now owns 207,489 shares of the cable giant’s stock valued at $8,667,000 after buying an additional 3,634 shares during the period. Finally, Iron Horse Wealth Management LLC lifted its holdings in Comcast by 220.3% in the third quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock valued at $32,000 after buying an additional 522 shares during the period. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on CMCSA. Scotiabank lifted their price target on shares of Comcast from $47.25 to $47.75 and gave the company a “sector perform” rating in a research note on Friday, October 18th. Macquarie reissued a “neutral” rating and set a $40.00 target price on shares of Comcast in a research report on Wednesday, July 24th. Pivotal Research reduced 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. KeyCorp dropped their target price on shares of Comcast from $45.00 to $44.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 24th. Finally, Barclays dropped their target price on Comcast from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $45.58.

Comcast Price Performance

CMCSA opened at $41.55 on Thursday. The stock has a market cap of $163.03 billion, a PE ratio of 10.99, a P/E/G 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. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.11. The business’s fifty day simple moving average is $40.44 and its 200 day simple moving average is $39.45.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data 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 return on equity of 20.17% and a net margin of 12.46%. The firm had revenue of $29.69 billion for the quarter, compared to analysts’ expectations of $30.02 billion. During the same period last year, the firm earned $1.13 earnings per share. The company’s revenue for the quarter was down 2.7% compared to the same quarter last year. As a group, research analysts expect that Comcast Co. will post 4.23 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.