Foster & Motley Inc. Sells 12,089 Shares of Comcast Co. (NASDAQ:CMCSA)

Foster & Motley Inc. lowered its stake in Comcast Co. (NASDAQ:CMCSA - Free Report) by 9.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 114,069 shares of the cable giant's stock after selling 12,089 shares during the quarter. Foster & Motley Inc.'s holdings in Comcast were worth $4,281,000 as of its most recent filing with the SEC.

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

Insider Transactions at Comcast

In other Comcast news, CEO Brian L. Roberts sold 234,464 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 6,669,928 shares in the company, valued at $284,539,128.48. This trade represents a 3.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, President Michael J. Cavanagh sold 25,537 shares of the company's stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the sale, the president now directly owns 534,849 shares in the company, 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 owned by insiders.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of several recent analyst reports. Loop Capital cut their target price on shares of Comcast from $54.00 to $53.00 and set a "buy" rating on the stock in a research note on Thursday, January 2nd. Benchmark restated a "buy" rating and set a $60.00 price objective on shares of Comcast in a research report on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft raised their price target 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. Scotiabank raised Comcast from a "sector perform" rating to a "sector outperform" rating and lifted their price target for the company from $47.75 to $48.00 in a report on Friday, November 1st. Finally, StockNews.com upgraded shares of Comcast from a "buy" rating to a "strong-buy" rating in a research report on Friday, January 17th. 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 company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $47.33.

Comcast Price Performance

CMCSA stock traded down $4.56 during mid-day trading on Thursday, reaching $32.80. 41,992,497 shares of the company traded hands, compared to its average volume of 23,255,520. The company has a fifty day moving average price of $39.01 and a 200-day moving average price of $40.15. 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 company has a market capitalization of $125.50 billion, a P/E ratio of 8.80, a P/E/G ratio of 1.35 and a beta of 1.01. Comcast Co. has a 52-week low of $32.50 and a 52-week high of $47.11.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.88 by $0.08. Comcast had a net margin of 11.92% and a return on equity of 19.81%. As a group, analysts anticipate that Comcast Co. will post 4.25 earnings per share for the current year.

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.