Foster & Motley Inc. Reduces Stake in Comcast Corporation $CMCSA

Foster & Motley Inc. reduced its stake in shares of 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 quarter. Foster & Motley Inc.’s holdings in Comcast were worth $2,058,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CMCSA. Norges Bank purchased a new stake in Comcast during the 2nd quarter valued at $3,528,361,000. Dodge & Cox increased its position in Comcast by 18.1% during the second quarter. Dodge & Cox now owns 111,272,320 shares of the cable giant’s stock valued at $3,971,309,000 after acquiring an additional 17,054,579 shares during the last quarter. First Trust Advisors LP raised its stake in shares of Comcast by 133.1% in the second quarter. First Trust Advisors LP now owns 10,187,177 shares of the cable giant’s stock valued at $363,580,000 after acquiring an additional 5,817,614 shares during the period. Worldquant Millennium Advisors LLC lifted its holdings in shares of Comcast by 554.9% in the 2nd quarter. Worldquant Millennium Advisors LLC now owns 5,005,158 shares of the cable giant’s stock worth $178,634,000 after acquiring an additional 4,240,876 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of Comcast by 2.5% during the 2nd quarter. State Street Corp now owns 172,769,800 shares of the cable giant’s stock worth $6,166,154,000 after purchasing an additional 4,231,140 shares during the period. 84.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CMCSA. Sanford C. Bernstein reduced their price objective 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. Williams Trading set a $40.00 price target on Comcast in a report on Friday, October 31st. Cowen reissued a “buy” rating on shares of Comcast in a research note on Friday, October 31st. BNP Paribas raised Comcast from an “underperform” rating to a “neutral” rating and set a $28.00 price objective on the stock in a research report on Tuesday, November 4th. Finally, Zacks Research upgraded Comcast from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 9th. Eleven research analysts have rated the stock with a Buy rating, twenty have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $35.24.

Comcast Trading Up 1.1%

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

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) for the quarter. The business had revenue of $30.34 billion for the quarter. Comcast had a return on equity of 18.06% and a net margin of 18.33%. Analysts expect that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The firm also recently declared 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. The ex-dividend date is Wednesday, January 14th. This represents a $1.32 annualized dividend and a dividend yield of 4.7%. Comcast’s payout ratio is currently 21.96%.

Key Headlines Impacting Comcast

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 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.