Comcast Corporation $CMCSA Shares Sold by Foster & Motley Inc.

Foster & Motley Inc. reduced its stake in Comcast Corporation (NASDAQ:CMCSA) by 8.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,367 shares of the cable giant’s stock after selling 8,250 shares during the period. Foster & Motley Inc.’s holdings in Comcast were worth $3,011,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of CMCSA. Brighton Jones LLC raised its stake in shares of Comcast by 150.9% in the fourth quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock valued at $6,240,000 after acquiring an additional 99,986 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Comcast by 19.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 883,677 shares of the cable giant’s stock valued at $32,608,000 after acquiring an additional 143,593 shares in the last quarter. Cornerstone Wealth Management LLC raised its stake in shares of Comcast by 4.0% in the first quarter. Cornerstone Wealth Management LLC now owns 8,440 shares of the cable giant’s stock valued at $311,000 after acquiring an additional 323 shares in the last quarter. Kingswood Wealth Advisors LLC raised its stake in shares of Comcast by 26.7% in the first quarter. Kingswood Wealth Advisors LLC now owns 17,046 shares of the cable giant’s stock valued at $628,000 after acquiring an additional 3,588 shares in the last quarter. Finally, Advisor Resource Council acquired a new stake in shares of Comcast in the first quarter valued at $612,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Stock Up 1.0%

CMCSA opened at $29.54 on Friday. The business’s 50-day simple moving average is $32.23 and its 200-day simple moving average is $33.68. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.91 and a current ratio of 0.91. Comcast Corporation has a one year low of $29.15 and a one year high of $45.31. The stock has a market capitalization of $109.07 billion, a P/E ratio of 4.88, a price-to-earnings-growth ratio of 1.75 and a beta of 0.94.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The business had revenue of $30.34 billion for the quarter. Analysts anticipate that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 1st will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, October 1st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.5%. Comcast’s payout ratio is 21.82%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. The Goldman Sachs Group reduced their price objective on Comcast from $40.00 to $39.00 and set a “buy” rating on the stock in a research note on Wednesday, September 24th. Arete Research raised Comcast to a “hold” rating in a report on Tuesday, July 8th. Sanford C. Bernstein dropped their target price on Comcast from $37.00 to $36.00 and set a “market perform” rating on the stock in a report on Wednesday, September 10th. Moffett Nathanson increased their target price on Comcast from $56.00 to $58.00 and gave the company a “buy” rating in a report on Friday, September 12th. Finally, Bank of America dropped their target price on Comcast from $38.00 to $36.00 and set a “neutral” rating on the stock in a report on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Comcast has a consensus rating of “Hold” and an average price target of $39.76.

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.