Meadow Creek Wealth Advisors LLC Buys Shares of 10,971 Comcast Co. (NASDAQ:CMCSA)

Meadow Creek Wealth Advisors LLC bought a new stake in Comcast Co. (NASDAQ:CMCSA) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,971 shares of the cable giant’s stock, valued at approximately $481,000.

Several other hedge funds have also recently made changes to their positions in the company. Capital Investment Advisors LLC boosted its stake in Comcast by 0.7% during the 3rd quarter. Capital Investment Advisors LLC now owns 34,950 shares of the cable giant’s stock valued at $1,550,000 after purchasing an additional 238 shares during the last quarter. Ironwood Financial llc boosted its stake in Comcast by 1.6% during the 3rd quarter. Ironwood Financial llc now owns 15,449 shares of the cable giant’s stock valued at $685,000 after purchasing an additional 238 shares during the last quarter. Welch Group LLC boosted its stake in Comcast by 4.4% during the 3rd quarter. Welch Group LLC now owns 5,674 shares of the cable giant’s stock valued at $252,000 after purchasing an additional 239 shares during the last quarter. Boltwood Capital Management lifted its holdings in shares of Comcast by 1.5% during the 3rd quarter. Boltwood Capital Management now owns 16,239 shares of the cable giant’s stock valued at $720,000 after buying an additional 240 shares during the period. Finally, Tradewinds LLC. boosted its stake in shares of Comcast by 1.3% in the 2nd quarter. Tradewinds LLC. now owns 19,414 shares of the cable giant’s stock worth $807,000 after buying an additional 241 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors.

Comcast Trading Up 0.7 %

NASDAQ CMCSA traded up $0.28 during trading hours on Thursday, hitting $43.35. 21,157,230 shares of the company were exchanged, compared to its average volume of 20,287,184. The stock has a 50-day moving average price of $43.09 and a 200 day moving average price of $43.22. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.14. Comcast Co. has a 52 week low of $36.38 and a 52 week high of $47.46. The stock has a market cap of $172.18 billion, a PE ratio of 11.65, a price-to-earnings-growth ratio of 0.97 and a beta of 0.98.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, January 25th. The cable giant reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.04. Comcast had a return on equity of 19.75% and a net margin of 12.66%. The company had revenue of $31.25 billion for the quarter, compared to analysts’ expectations of $30.41 billion. Analysts forecast that Comcast Co. will post 4.3 earnings per share for the current fiscal year.

Comcast Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 3rd will be paid a $0.31 dividend. The ex-dividend date of this dividend is Tuesday, April 2nd. This is a positive change from Comcast’s previous quarterly dividend of $0.29. This represents a $1.24 dividend on an annualized basis and a yield of 2.86%. Comcast’s dividend payout ratio (DPR) is currently 31.18%.

Insider Activity at Comcast

In related news, President Michael J. Cavanagh sold 114,749 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $46.10, for a total value of $5,289,928.90. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.18% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on CMCSA shares. Wells Fargo & Company raised their price target on Comcast from $45.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Friday, January 26th. Pivotal Research raised their price target on Comcast from $55.00 to $58.00 and gave the stock a “buy” rating in a research note on Wednesday, December 13th. Evercore ISI restated an “outperform” rating and issued a $50.00 price target on shares of Comcast in a research note on Tuesday. Rosenblatt Securities raised their price target on Comcast from $44.00 to $46.00 and gave the stock a “neutral” rating in a research note on Friday, December 22nd. Finally, Redburn Atlantic downgraded Comcast from a “buy” rating to a “neutral” rating and lowered their target price for the company from $50.00 to $44.00 in a research report on Thursday, February 15th. Nine research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $49.68.

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.