Fee Only Financial Planning L.C. Cuts Stock Position in Comcast Co. (NASDAQ:CMCSA)

Fee Only Financial Planning L.C. decreased its position in shares of Comcast Co. (NASDAQ:CMCSA) by 5.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Greenwich Wealth Management LLC grew its position in Comcast by 2.6% in the fourth quarter. Greenwich Wealth Management LLC now owns 8,492 shares of the cable giant’s stock worth $372,000 after acquiring an additional 219 shares in the last quarter. Legend Financial Advisors Inc. grew its position in Comcast by 17.5% in the fourth quarter. Legend Financial Advisors Inc. now owns 1,478 shares of the cable giant’s stock worth $65,000 after acquiring an additional 220 shares in the last quarter. Beaumont Asset Management L.L.C. grew its position in Comcast by 1.6% in the fourth quarter. Beaumont Asset Management L.L.C. now owns 14,141 shares of the cable giant’s stock worth $620,000 after acquiring an additional 226 shares in the last quarter. Keystone Financial Services grew its position in Comcast by 1.1% in the fourth quarter. Keystone Financial Services now owns 20,432 shares of the cable giant’s stock worth $896,000 after acquiring an additional 229 shares in the last quarter. Finally, Ironwood Financial llc grew its position in Comcast by 1.6% in the third quarter. Ironwood Financial llc now owns 15,449 shares of the cable giant’s stock worth $685,000 after acquiring an additional 238 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

NASDAQ:CMCSA traded up $0.09 during mid-day trading on Wednesday, reaching $38.20. 9,418,323 shares of the company were exchanged, compared to its average volume of 20,735,469. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.46. The company has a fifty day moving average of $41.47 and a 200 day moving average of $42.47. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.13. The stock has a market cap of $151.73 billion, a PE ratio of 10.13, a PEG ratio of 0.97 and a beta of 0.98.

Comcast (NASDAQ:CMCSA) last issued 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. The company had revenue of $30.06 billion for the quarter, compared to analyst estimates of $29.83 billion. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.92 EPS. On average, research analysts anticipate that Comcast Co. will post 4.21 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have commented on the stock. Benchmark reissued a “buy” rating and issued a $55.00 target price on shares of Comcast in a research report on Wednesday, April 10th. Wells Fargo & Company decreased their price objective on shares of Comcast from $47.00 to $43.00 and set an “equal weight” rating for the company in a report on Friday, April 26th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Comcast from $55.00 to $53.00 in a report on Friday, April 5th. StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, March 22nd. Finally, Scotiabank decreased their price objective on shares of Comcast from $50.00 to $47.25 and set a “sector perform” rating for the company in a report on Friday, April 26th. Ten research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $49.60.

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.