388,834 Comcast Corporation $CMCSA Shares Acquired by Foundation Resource Management Inc.

Foundation Resource Management Inc. grew its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 57.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,071,254 shares of the cable giant’s stock after purchasing an additional 388,834 shares during the period. Comcast makes up approximately 1.9% of Foundation Resource Management Inc.’s holdings, making the stock its 14th largest position. Foundation Resource Management Inc.’s holdings in Comcast were worth $23,310,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in CMCSA. Whipplewood Advisors LLC grew its stake in shares of Comcast by 75.5% in the 1st quarter. Whipplewood Advisors LLC now owns 932 shares of the cable giant’s stock worth $27,000 after buying an additional 401 shares during the last quarter. Main Street Group LTD bought a new position in Comcast during the 1st quarter valued at approximately $27,000. Provenance Wealth Advisors LLC purchased a new position in Comcast during the first quarter valued at $30,000. GKV Capital Management Co. Inc. purchased a new position in Comcast during the first quarter valued at $32,000. Finally, Financial Freedom LLC raised its stake in Comcast by 72.8% during the first quarter. Financial Freedom LLC now owns 1,104 shares of the cable giant’s stock valued at $32,000 after buying an additional 465 shares during the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Stock Performance

CMCSA stock remained flat at $21.90 during midday trading on Monday. The company had a trading volume of 30,357,991 shares, compared to its average volume of 32,681,139. The stock has a market capitalization of $77.72 billion, a P/E ratio of 7.09, a PEG ratio of 1.57 and a beta of 0.68. Comcast Corporation has a fifty-two week low of $20.48 and a fifty-two week high of $32.85. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.80 and a current ratio of 0.80. The business has a 50 day simple moving average of $24.14 and a 200-day simple moving average of $24.81.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, July 23rd. The cable giant reported $1.04 EPS for the quarter, beating the consensus estimate of $0.97 by $0.07. The business had revenue of $29.94 billion for the quarter, compared to the consensus estimate of $29.24 billion. Comcast had a return on equity of 14.77% and a net margin of 8.97%. The company’s revenue was down 1.2% compared to the same quarter last year. During the same period last year, the business posted $1.25 EPS. Analysts expect that Comcast Corporation will post 3.49 earnings per share for the current year.

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Wednesday, October 7th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date of this dividend is Wednesday, October 7th. Comcast’s dividend payout ratio is presently 42.72%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on CMCSA shares. UBS Group reissued a “neutral” rating and issued a $27.00 target price (down from $32.00) on shares of Comcast in a report on Tuesday, September 15th. New Street Research reduced their price target on Comcast from $31.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, June 25th. BNP Paribas Exane reduced their price target on Comcast from $25.00 to $22.00 and set an “underperform” rating for the company in a report on Tuesday, July 14th. Barclays set a $24.00 price target on Comcast and gave the stock an “equal weight” rating in a research report on Tuesday, September 29th. Finally, Weiss Ratings cut shares of Comcast from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, July 28th. Eleven equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $30.81.

About Comcast

Comcast Corporation is a global media and communications company headquartered in Philadelphia, Pennsylvania. Founded in 1963 as American Cable Systems, the company grew through the expansion of cable television and broadband services and adopted the Comcast name in 1969.

Through its Connectivity & Platforms businesses, Comcast provides residential and business customers with broadband internet, video, voice, mobile and related services. Its Xfinity brand offers internet, television, streaming and wireless products in the United States, while Comcast Business serves commercial and enterprise customers with connectivity, communications and technology solutions.