Foundations Investment Advisors LLC Acquires 1,016 Shares of Comcast Co. (NASDAQ:CMCSA)

Foundations Investment Advisors LLC lifted its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 2.5% during the fourth quarter, HoldingsChannel reports. The firm owned 41,957 shares of the cable giant’s stock after purchasing an additional 1,016 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Comcast were worth $1,575,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in CMCSA. McLean Asset Management Corp grew its holdings in Comcast by 6.9% during the 4th quarter. McLean Asset Management Corp now owns 9,624 shares of the cable giant’s stock valued at $361,000 after buying an additional 624 shares in the last quarter. Pacer Advisors Inc. increased its stake in Comcast by 34.9% in the 4th quarter. Pacer Advisors Inc. now owns 642,403 shares of the cable giant’s stock worth $24,109,000 after acquiring an additional 166,051 shares during the last quarter. Center For Asset Management LLC increased its stake in Comcast by 2.1% in the 4th quarter. Center For Asset Management LLC now owns 20,026 shares of the cable giant’s stock worth $752,000 after acquiring an additional 414 shares during the last quarter. KBC Group NV lifted its position in Comcast by 6.4% during the fourth quarter. KBC Group NV now owns 1,232,008 shares of the cable giant’s stock valued at $46,237,000 after purchasing an additional 73,945 shares during the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new stake in shares of Comcast during the 4th quarter valued at $859,000. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Stock Performance

Shares of CMCSA stock opened at $37.55 on Wednesday. Comcast Co. has a 1 year low of $36.15 and a 1 year high of $47.11. The business has a fifty day moving average of $39.21 and a 200 day moving average of $40.18. 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 market capitalization of $143.69 billion, a price-to-earnings ratio of 10.09, a price-to-earnings-growth ratio of 1.35 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The firm 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 earned $1.08 EPS. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, research analysts expect that Comcast Co. will post 4.25 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on CMCSA shares. Evercore ISI raised Comcast to a “strong-buy” rating in a report on Thursday, November 21st. StockNews.com upgraded Comcast from a “buy” rating to a “strong-buy” rating in a research report on Friday, January 17th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Wells Fargo & Company dropped their price target on shares of Comcast from $46.00 to $45.00 and set an “equal weight” rating for the company in a research report on Monday, January 6th. Finally, Scotiabank upgraded shares of Comcast from a “sector perform” rating to a “sector outperform” rating and increased their target price for the stock from $47.75 to $48.00 in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $47.33.

Insider Transactions at Comcast

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

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.