Foundations Investment Advisors LLC Has $1.58 Million Stock Position in Comcast Co. (NASDAQ:CMCSA)

Foundations Investment Advisors LLC boosted its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 2.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 41,957 shares of the cable giant’s stock after buying an additional 1,016 shares during the period. Foundations Investment Advisors LLC’s holdings in Comcast were worth $1,575,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CMCSA. FMR LLC raised its holdings in Comcast by 5.4% during the third quarter. FMR LLC now owns 117,420,328 shares of the cable giant’s stock valued at $4,904,647,000 after buying an additional 6,062,658 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Comcast by 1.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,871,235 shares of the cable giant’s stock worth $1,331,192,000 after acquiring an additional 416,759 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Comcast by 6.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 30,364,136 shares of the cable giant’s stock valued at $1,268,310,000 after purchasing an additional 1,717,762 shares during the last quarter. Ontario Teachers Pension Plan Board lifted its position in shares of Comcast by 5.4% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 15,983,230 shares of the cable giant’s stock worth $667,620,000 after purchasing an additional 822,936 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its stake in Comcast by 4.8% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 14,918,501 shares of the cable giant’s stock valued at $623,146,000 after purchasing an additional 676,920 shares during the period. 84.32% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Comcast

In related news, CEO Brian L. Roberts sold 234,464 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total transaction of $10,002,234.24. Following the sale, the chief executive officer now owns 6,669,928 shares of the company’s stock, valued at $284,539,128.48. This trade represents a 3.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, President Michael J. Cavanagh sold 25,537 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total value of $1,087,620.83. Following the completion of the transaction, the president now directly owns 534,849 shares of the company’s stock, valued at approximately $22,779,218.91. The trade was a 4.56 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by corporate insiders.

Comcast Price Performance

Shares of CMCSA opened at $37.55 on Wednesday. The company’s fifty day simple moving average is $39.21 and its 200 day simple moving average is $40.18. Comcast Co. has a 1-year low of $36.15 and a 1-year high of $47.11. The company has a market cap of $143.69 billion, a price-to-earnings ratio of 10.09, a PEG ratio of 1.35 and a beta of 1.01. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.06. The firm had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.08 earnings per share. On average, research analysts forecast that Comcast Co. will post 4.25 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on CMCSA shares. Rosenblatt Securities restated a “neutral” rating and issued a $45.00 price target on shares of Comcast in a research report on Wednesday, November 6th. Wells Fargo & Company reduced their price target on shares of Comcast from $46.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Monday, January 6th. Evercore ISI upgraded Comcast to a “strong-buy” rating in a research report on Thursday, November 21st. StockNews.com upgraded Comcast from a “buy” rating to a “strong-buy” rating in a research note on Friday, January 17th. Finally, Macquarie reiterated a “neutral” rating and set a $42.00 target price on shares of Comcast in a research report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Comcast has an average rating of “Moderate Buy” and an average target price of $47.33.

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.