Meadow Creek Wealth Advisors LLC Purchases 1,160 Shares of Comcast Co. (NASDAQ:CMCSA)

Meadow Creek Wealth Advisors LLC grew its position in shares of Comcast Co. (NASDAQ:CMCSA) by 9.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,014 shares of the cable giant’s stock after acquiring an additional 1,160 shares during the period. Meadow Creek Wealth Advisors LLC’s holdings in Comcast were worth $526,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. AMF Tjanstepension AB increased its position in Comcast by 18.9% during the 3rd quarter. AMF Tjanstepension AB now owns 832,594 shares of the cable giant’s stock valued at $34,810,000 after purchasing an additional 132,442 shares during the period. Czech National Bank boosted its stake in shares of Comcast by 5.5% during the 3rd quarter. Czech National Bank now owns 786,946 shares of the cable giant’s stock valued at $32,871,000 after purchasing an additional 41,061 shares in the last quarter. Miracle Mile Advisors LLC increased its position in shares of Comcast by 6.1% during the third quarter. Miracle Mile Advisors LLC now owns 8,058 shares of the cable giant’s stock valued at $337,000 after buying an additional 466 shares during the period. Versant Capital Management Inc raised its stake in Comcast by 13.9% in the third quarter. Versant Capital Management Inc now owns 4,264 shares of the cable giant’s stock worth $178,000 after buying an additional 522 shares in the last quarter. Finally, Callan Family Office LLC purchased a new stake in Comcast in the third quarter worth about $259,000. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CMCSA. Benchmark dropped their target price on shares of Comcast from $57.00 to $55.00 and set a “buy” rating on the stock in a report on Friday, January 31st. TD Cowen dropped their price objective on shares of Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Bank of America downgraded shares of Comcast from a “buy” rating to a “neutral” rating and decreased their target price for the company from $50.00 to $38.00 in a research note on Friday, January 31st. KeyCorp boosted their price target on Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Finally, Loop Capital lowered their price objective on Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, January 2nd. Ten investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Comcast has a consensus rating of “Moderate Buy” and a consensus target price of $44.13.

Insider Transactions at Comcast

In other Comcast news, President Michael J. Cavanagh sold 25,537 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total value of $1,087,620.83. Following the completion of the transaction, the president now owns 534,849 shares of the company’s stock, valued at approximately $22,779,218.91. This trade represents a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Brian L. Roberts sold 234,464 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total value of $10,002,234.24. Following the completion of the transaction, the chief executive officer now owns 6,669,928 shares of the company’s stock, valued at $284,539,128.48. This trade represents a 3.40 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.26% of the company’s stock.

Comcast Trading Up 1.2 %

Shares of CMCSA opened at $33.94 on Thursday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.72. The company has a 50 day simple moving average of $38.22 and a two-hundred day simple moving average of $39.97. Comcast Co. has a 1 year low of $32.50 and a 1 year high of $45.31. The firm has a market cap of $129.87 billion, a P/E ratio of 8.18, a price-to-earnings-growth ratio of 1.23 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. On average, equities analysts expect that Comcast Co. will post 4.4 earnings per share for the current fiscal year.

Comcast Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be issued a $0.33 dividend. This is a boost from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date is Wednesday, April 2nd. Comcast’s dividend payout ratio (DPR) is currently 29.88%.

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.