Foundry Partners LLC Has $21.04 Million Stake in Comcast Co. (NASDAQ:CMCSA)

Foundry Partners LLC trimmed its position in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 10.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 479,744 shares of the cable giant's stock after selling 58,524 shares during the quarter. Comcast makes up about 1.3% of Foundry Partners LLC's investment portfolio, making the stock its 11th largest holding. Foundry Partners LLC's holdings in Comcast were worth $21,037,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in CMCSA. NewSquare Capital LLC increased its position in Comcast by 94.1% in the 3rd quarter. NewSquare Capital LLC now owns 623 shares of the cable giant's stock worth $28,000 after buying an additional 302 shares during the period. Leith Wheeler Investment Counsel Ltd. increased its position in Comcast by 299.1% in the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant's stock worth $28,000 after buying an additional 475,675 shares during the period. Fortis Capital Advisors LLC bought a new position in Comcast in the 4th quarter worth approximately $29,000. Tennessee Valley Asset Management Partners bought a new position in Comcast in the 4th quarter worth approximately $34,000. Finally, Lipe & Dalton bought a new position in Comcast in the 4th quarter worth approximately $37,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Price Performance

NASDAQ:CMCSA traded up $0.62 on Friday, hitting $40.24. The company had a trading volume of 24,227,565 shares, compared to its average volume of 19,806,908. The stock has a market capitalization of $159.83 billion, a price-to-earnings ratio of 10.82, a PEG ratio of 0.98 and a beta of 0.98. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.14. The firm has a 50 day moving average of $41.82 and a two-hundred day moving average of $42.70. Comcast Co. has a 52 week low of $36.38 and a 52 week high of $47.46.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings results on Thursday, January 25th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.04. The firm had revenue of $31.25 billion during the quarter, compared to the consensus estimate of $30.41 billion. Comcast had a net margin of 12.66% and a return on equity of 19.75%. On average, research analysts anticipate that Comcast Co. will post 4.23 earnings per share for the current year.

Analysts Set New Price Targets

CMCSA has been the topic of a number of research reports. Benchmark restated a "buy" rating and set a $55.00 price objective on shares of Comcast in a research report on Wednesday, April 10th. Oppenheimer restated an "outperform" rating and set a $55.00 price objective on shares of Comcast in a research report on Wednesday, April 3rd. StockNews.com cut Comcast from a "strong-buy" rating to a "buy" rating in a research report on Friday, March 22nd. Evercore ISI restated an "outperform" rating and set a $50.00 price objective on shares of Comcast in a research report on Tuesday, March 26th. Finally, BNP Paribas restated a "neutral" rating and set a $45.00 price objective on shares of Comcast in a research report on Tuesday, April 9th. Ten research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, Comcast presently has a consensus rating of "Moderate Buy" and an average target price of $49.74.

Insider Activity

In other news, President Michael J. Cavanagh sold 114,749 shares of the stock in a transaction on Monday, January 29th. The shares were sold at an average price of $46.10, for a total transaction of $5,289,928.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.18% of the company's stock.

About Comcast

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.

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