Comcast Co. (NASDAQ:CMCSA) Shares Purchased by Meadow Creek Wealth Advisors LLC

Meadow Creek Wealth Advisors LLC grew its stake in Comcast Co. (NASDAQ:CMCSA) by 9.0% during the 4th quarter, Holdings Channel reports. The firm owned 14,014 shares of the cable giant’s stock after purchasing an additional 1,160 shares during the quarter. Meadow Creek Wealth Advisors LLC’s holdings in Comcast were worth $526,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Wilmington Savings Fund Society FSB grew its stake in shares of Comcast by 55,334.5% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 8,273,052 shares of the cable giant’s stock valued at $345,565,000 after buying an additional 8,258,128 shares during the period. FMR LLC grew its position in Comcast by 5.4% in 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 period. Public Sector Pension Investment Board increased its stake in Comcast by 530.5% during the third quarter. Public Sector Pension Investment Board now owns 3,429,298 shares of the cable giant’s stock worth $143,242,000 after acquiring an additional 2,885,370 shares during the last quarter. National Bank of Canada FI raised its position in Comcast by 31.7% in the third quarter. National Bank of Canada FI now owns 7,613,977 shares of the cable giant’s stock valued at $318,036,000 after purchasing an additional 1,833,453 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Comcast by 6.0% in the 3rd 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 valued at $1,268,310,000 after purchasing an additional 1,717,762 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Performance

Shares of CMCSA opened at $33.94 on Thursday. The company has a market capitalization of $129.87 billion, a price-to-earnings ratio of 8.18, a price-to-earnings-growth ratio of 1.23 and a beta of 1.00. The company has a quick ratio of 0.72, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. Comcast Co. has a 52-week low of $32.50 and a 52-week high of $45.31. The stock has a 50 day moving average price of $38.22 and a 200 day moving average price of $39.97.

Comcast (NASDAQ:CMCSA) last announced its earnings results 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 return on equity of 19.98% and a net margin of 13.09%. Research analysts predict that Comcast Co. will post 4.4 EPS for the current fiscal year.

Comcast Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, April 2nd. This is an increase from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a yield of 3.89%. Comcast’s dividend payout ratio is currently 29.88%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CMCSA. The Goldman Sachs Group cut their price objective on Comcast from $50.00 to $44.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Pivotal Research boosted their price target on shares of Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Seaport Res Ptn raised shares of Comcast from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. Scotiabank cut Comcast from a “sector outperform” rating to a “sector perform” rating and decreased their price target for the stock from $48.00 to $44.50 in a research note on Monday. Finally, Loop Capital dropped their target price on Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, January 2nd. Ten research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $44.13.

Insider Buying and Selling

In related news, CEO Brian L. Roberts sold 234,464 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total value of $10,002,234.24. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Michael J. Cavanagh sold 25,537 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the transaction, the president now owns 534,849 shares in the company, valued at $22,779,218.91. The trade was a 4.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company’s stock.

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.