Foundations Investment Advisors LLC Buys 4,128 Shares of Comcast Co. (NASDAQ:CMCSA)

Foundations Investment Advisors LLC grew its stake in Comcast Co. (NASDAQ:CMCSA) by 11.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,941 shares of the cable giant’s stock after acquiring an additional 4,128 shares during the period. Foundations Investment Advisors LLC’s holdings in Comcast were worth $1,710,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Global Assets Advisory LLC bought a new position in Comcast during the first quarter worth about $1,809,000. Brookstone Capital Management grew its holdings in Comcast by 8.1% during the first quarter. Brookstone Capital Management now owns 168,418 shares of the cable giant’s stock worth $7,301,000 after purchasing an additional 12,629 shares during the period. Wealthcare Advisory Partners LLC grew its holdings in Comcast by 8.8% during the first quarter. Wealthcare Advisory Partners LLC now owns 50,406 shares of the cable giant’s stock worth $2,185,000 after purchasing an additional 4,059 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in Comcast by 0.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 808,607 shares of the cable giant’s stock worth $35,053,000 after purchasing an additional 5,824 shares during the period. Finally, Thrive Wealth Management LLC grew its holdings in Comcast by 12.0% during the first quarter. Thrive Wealth Management LLC now owns 19,179 shares of the cable giant’s stock worth $831,000 after purchasing an additional 2,057 shares during the period. Institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on CMCSA. KeyCorp reduced their price target on Comcast from $45.00 to $44.00 and set an “overweight” rating for the company in a report on Wednesday, July 24th. Evercore ISI cut their price objective on shares of Comcast from $50.00 to $48.00 and set an “outperform” rating for the company in a research report on Tuesday, July 2nd. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Comcast from $50.00 to $49.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Macquarie restated a “neutral” rating and set a $40.00 price objective on shares of Comcast in a research report on Wednesday, July 24th. Finally, Scotiabank raised their price objective on shares of Comcast from $47.25 to $47.75 and gave the stock a “sector perform” rating in a research report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $45.58.

Comcast Price Performance

NASDAQ CMCSA opened at $41.55 on Thursday. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.16. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.11. The company has a 50 day moving average of $40.44 and a 200-day moving average of $39.45. The company has a market cap of $163.03 billion, a price-to-earnings ratio of 10.99, a PEG ratio of 1.10 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Tuesday, July 23rd. The cable giant reported $1.21 EPS for the quarter, beating the consensus estimate of $1.12 by $0.09. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The business had revenue of $29.69 billion during the quarter, compared to the consensus estimate of $30.02 billion. During the same period in the previous year, the business earned $1.13 earnings per share. The company’s revenue was down 2.7% on a year-over-year basis. On average, equities research analysts expect that Comcast Co. will post 4.23 earnings per share for the current fiscal year.

Comcast 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.