Foster & Motley Inc. Decreases Stock Holdings in Comcast Corporation $CMCSA

Foster & Motley Inc. lessened its stake in Comcast Corporation (NASDAQ:CMCSA) by 22.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 65,501 shares of the cable giant’s stock after selling 18,866 shares during the period. Foster & Motley Inc.’s holdings in Comcast were worth $2,058,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Capital A Wealth Management LLC grew its position in shares of Comcast by 173.7% in the 2nd quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant’s stock worth $25,000 after buying an additional 436 shares during the last quarter. Cranbrook Wealth Management LLC grew its holdings in Comcast by 86.0% in the second quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock worth $27,000 after purchasing an additional 350 shares during the last quarter. Global Trust Asset Management LLC increased its position in shares of Comcast by 906.8% during the second quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock worth $27,000 after purchasing an additional 671 shares in the last quarter. Avalon Trust Co increased its position in shares of Comcast by 433.3% during the second quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock worth $27,000 after purchasing an additional 624 shares in the last quarter. Finally, Ransom Advisory Ltd purchased a new stake in shares of Comcast during the 1st quarter valued at $29,000. 84.32% of the stock is owned by hedge funds and other institutional investors.

Key Comcast News

Here are the key news stories impacting Comcast this week:

• Positive Sentiment: Forbes lays out a buy-side case for Comcast, pointing to its attractive valuation and durable cash flows as reasons long-term investors should consider CMCSA. Why You Should Consider Comcast Stock
• Positive Sentiment: Seeking Alpha highlights Comcast’s 4%+ dividend yield and frames the shares as an income play, a narrative that can attract yield-focused investors and provide downside support. Comcast’s 4%+ Dividend Yield: How It Became An Income Stock
• Neutral Sentiment: Yahoo Finance runs a valuation check after recent share weakness, suggesting CMCSA looks cheaper on several metrics — useful context for value investors but not an immediate catalyst. Comcast (CMCSA) Valuation Check After Recent Share Price Weakness
• Negative Sentiment: KeyBanc downgraded Comcast to a Sell, a direct hit to investor sentiment that can increase selling pressure from funds tracking analyst sentiment. KeyBanc downgrades Comcast (CMCSA) to a Sell
• Negative Sentiment: Benchmark lowered its price target for Comcast to $44 from $46, trimming upside expectations and signaling more conservative near-term forecasts. Benchmark Cuts Comcast (NASDAQ:CMCSA) Price Target to $44.00
• Negative Sentiment: Another report reiterates Benchmark’s cut to $44 (same analyst action noted by The Globe and Mail), reinforcing downward revisions as a headwind. Comcast price target lowered to 44 from 46 at Benchmark
• Negative Sentiment: Arete Research downgraded Comcast from Hold to Strong Sell, adding to the cluster of negative analyst ratings and pressuring sentiment. Arete Downgrades Comcast (NASDAQ:CMCSA) to Sell
• Negative Sentiment: Zacks also flagged the Arete downgrade in its coverage, amplifying the downgrade news across investor channels. Zacks coverage of downgrade
• Negative Sentiment: Reuters reports the market reaction to Comcast’s TV spin has given Paramount more ammunition against Comcast in the Warner Bros. campaign — a strategic/competitive development that could complicate Comcast’s M&A posture and investor confidence. Comcast’s TV spin hands Paramount more ammunition in its Warner Bros campaign

Comcast Stock Performance

Shares of NASDAQ CMCSA opened at $28.21 on Friday. The company has a 50 day simple moving average of $27.99 and a two-hundred day simple moving average of $31.11. The stock has a market cap of $102.79 billion, a price-to-earnings ratio of 4.69, a PEG ratio of 1.95 and a beta of 0.81. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. Comcast Corporation has a 12 month low of $25.75 and a 12 month high of $38.40.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) for the quarter. The firm had revenue of $30.34 billion during the quarter. Comcast had a net margin of 18.33% and a return on equity of 18.06%. As a group, analysts predict that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 14th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Wednesday, January 14th. Comcast’s payout ratio is 21.96%.

Analysts Set New Price Targets

Several brokerages recently weighed in on CMCSA. Oppenheimer set a $38.00 target price on Comcast in a research note on Tuesday, November 4th. Seaport Res Ptn lowered Comcast from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 31st. Royal Bank Of Canada decreased their price objective on shares of Comcast from $38.00 to $32.00 and set a “sector perform” rating for the company in a research report on Friday, October 31st. Sanford C. Bernstein dropped their target price on shares of Comcast from $36.00 to $34.00 and set a “market perform” rating on the stock in a research report on Friday, October 31st. Finally, Bank of America cut their price target on shares of Comcast from $38.00 to $36.00 and set a “neutral” rating on the stock in a research note on Monday, September 29th. Eleven analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $35.24.

Comcast Company Profile

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.