Foster & Motley Inc. Cuts Stock Position in Comcast Co. (NASDAQ:CMCSA)

Foster & Motley Inc. decreased its position in shares of Comcast Co. (NASDAQ:CMCSA) by 5.0% in the third quarter, HoldingsChannel reports. The fund owned 126,158 shares of the cable giant’s stock after selling 6,571 shares during the quarter. Foster & Motley Inc.’s holdings in Comcast were worth $5,270,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of CMCSA. Fairscale Capital LLC purchased a new stake in shares of Comcast during the second quarter worth about $26,000. Strategic Financial Concepts LLC acquired a new stake in Comcast in the 2nd quarter worth approximately $27,000. IAG Wealth Partners LLC grew its position in Comcast by 204.7% during the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock worth $30,000 after purchasing an additional 522 shares during the last quarter. McClarren Financial Advisors Inc. increased its stake in 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 purchasing an additional 570 shares in the last quarter. Finally, Archer Investment Corp increased its stake in Comcast by 177.1% during the 2nd quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock valued at $32,000 after purchasing an additional 519 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Macquarie reissued a “neutral” rating and set a $40.00 price objective on shares of Comcast in a report on Friday, November 1st. Barclays boosted their price target on Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Monday. Benchmark restated a “buy” rating and issued a $55.00 price objective on shares of Comcast in a research note on Wednesday, October 30th. Scotiabank upgraded Comcast from a “sector perform” rating to a “sector outperform” rating and upped their target price for the company from $47.75 to $48.00 in a research report on Friday, November 1st. Finally, Rosenblatt Securities reissued a “neutral” rating and set a $45.00 price target on shares of Comcast in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Comcast presently has a consensus rating of “Moderate Buy” and an average price target of $46.75.

Comcast Stock Performance

CMCSA opened at $44.00 on Wednesday. The stock has a market cap of $170.39 billion, a P/E ratio of 11.44, a P/E/G ratio of 1.14 and a beta of 1.00. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. The firm has a fifty day moving average price of $40.89 and a 200 day moving average price of $39.62. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.11.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The business had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. During the same quarter in the prior year, the firm posted $1.08 earnings per share. The company’s revenue was up 6.5% compared to the same quarter last year. Equities research analysts anticipate that Comcast Co. will post 4.27 earnings per share for the current year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be given a dividend of $0.31 per share. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.82%. Comcast’s dividend payout ratio (DPR) is 33.33%.

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.