Foster & Motley Inc. Has $4.40 Million Stake in Comcast Co. (NASDAQ:CMCSA)

Foster & Motley Inc. grew its holdings in Comcast Co. (NASDAQ:CMCSA) by 18.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 100,354 shares of the cable giant’s stock after buying an additional 15,297 shares during the period. Foster & Motley Inc.’s holdings in Comcast were worth $4,401,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. NewSquare Capital LLC increased its stake in Comcast by 94.1% during the 3rd quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock worth $28,000 after acquiring an additional 302 shares during the period. Leith Wheeler Investment Counsel Ltd. increased its stake in Comcast by 299.1% during the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock worth $28,000 after acquiring an additional 475,675 shares during the period. Tennessee Valley Asset Management Partners bought a new position in Comcast during the 4th quarter worth $34,000. Lipe & Dalton bought a new position in Comcast during the 4th quarter worth $37,000. Finally, First Personal Financial Services bought a new position in Comcast during the 3rd quarter worth $39,000. 84.32% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Comcast

In related news, President Michael J. Cavanagh sold 114,749 shares of Comcast stock in a transaction on Monday, January 29th. The stock was sold at an average price of $46.10, for a total transaction of $5,289,928.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.18% of the stock is owned by corporate insiders.

Comcast Stock Performance

Shares of CMCSA opened at $40.49 on Tuesday. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $160.82 billion, a price-to-earnings ratio of 10.91, a PEG ratio of 0.98 and a beta of 0.98. The stock has a 50 day moving average of $41.78 and a 200 day moving average of $42.68. Comcast Co. has a 12 month low of $36.38 and a 12 month high of $47.46.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, January 25th. The cable giant reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.04. The firm had revenue of $31.25 billion during the quarter, compared to analyst estimates of $30.41 billion. Comcast had a return on equity of 19.75% and a net margin of 12.66%. As a group, sell-side analysts forecast that Comcast Co. will post 4.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Oppenheimer restated an “outperform” rating and set a $55.00 price objective on shares of Comcast in a research note on Wednesday, April 3rd. StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. Citigroup lifted their price target on Comcast from $51.00 to $53.00 and gave the company a “buy” rating in a research note on Tuesday, January 30th. Evercore ISI restated an “outperform” rating and set a $50.00 price objective on shares of Comcast in a research report on Tuesday, March 26th. Finally, Wells Fargo & Company reduced their price objective on Comcast from $50.00 to $47.00 and set an “equal weight” rating on the stock in a research report on Friday, April 5th. Ten analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $49.74.

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.