Meadow Creek Investment Management LLC Has $5.50 Million Holdings in Comcast (CMCSA)

Meadow Creek Investment Management LLC raised its holdings in Comcast (NASDAQ:CMCSA) by 122.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 137,368 shares of the cable giant’s stock after acquiring an additional 75,628 shares during the quarter. Meadow Creek Investment Management LLC’s holdings in Comcast were worth $5,502,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP lifted its stake in shares of Comcast by 0.8% in the third quarter. Dimensional Fund Advisors LP now owns 53,054,928 shares of the cable giant’s stock worth $2,041,312,000 after buying an additional 432,491 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Comcast by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 49,255,602 shares of the cable giant’s stock worth $1,968,535,000 after buying an additional 567,282 shares during the last quarter. Capital International Investors lifted its stake in shares of Comcast by 23.3% in the third quarter. Capital International Investors now owns 34,256,110 shares of the cable giant’s stock worth $1,318,175,000 after buying an additional 6,467,802 shares during the last quarter. TIAA CREF Investment Management LLC lifted its stake in shares of Comcast by 2.7% in the fourth quarter. TIAA CREF Investment Management LLC now owns 33,885,075 shares of the cable giant’s stock worth $1,357,097,000 after buying an additional 892,457 shares during the last quarter. Finally, Veritas Asset Management LLP lifted its stake in shares of Comcast by 3.7% in the third quarter. Veritas Asset Management LLP now owns 33,195,373 shares of the cable giant’s stock worth $1,277,358,000 after buying an additional 1,189,200 shares during the last quarter. Hedge funds and other institutional investors own 83.54% of the company’s stock.

Shares of Comcast stock opened at $33.48 on Friday. The firm has a market capitalization of $154,522.75, a price-to-earnings ratio of 16.25, a price-to-earnings-growth ratio of 1.22 and a beta of 1.17. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.74 and a current ratio of 0.74. Comcast has a 52-week low of $32.74 and a 52-week high of $44.00.



Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Wednesday, January 24th. The cable giant reported $0.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.02. The firm had revenue of $21.92 billion for the quarter, compared to analyst estimates of $21.83 billion. Comcast had a net margin of 26.87% and a return on equity of 16.47%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.89 EPS. analysts expect that Comcast will post 2.48 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Wednesday, April 4th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 2.27%. The ex-dividend date is Tuesday, April 3rd. This is a positive change from Comcast’s previous quarterly dividend of $0.16. Comcast’s payout ratio is 36.89%.

In other news, EVP Stephen B. Burke sold 190,756 shares of the company’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $42.51, for a total value of $8,109,037.56. Following the sale, the executive vice president now owns 1,214,811 shares of the company’s stock, valued at approximately $51,641,615.61. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Arthur R. Block sold 2,471 shares of the company’s stock in a transaction dated Monday, March 19th. The stock was sold at an average price of $35.60, for a total transaction of $87,967.60. Following the completion of the sale, the executive vice president now directly owns 62,988 shares in the company, valued at approximately $2,242,372.80. The disclosure for this sale can be found here. Insiders sold a total of 1,400,867 shares of company stock worth $52,408,044 in the last three months. Insiders own 1.28% of the company’s stock.

CMCSA has been the subject of a number of analyst reports. Buckingham Research boosted their price objective on shares of Comcast from $48.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, January 8th. Moffett Nathanson restated a “buy” rating and issued a $52.00 price objective (up from $45.00) on shares of Comcast in a research note on Thursday, January 18th. TD Securities cut shares of Comcast from an “action list buy” rating to a “buy” rating and boosted their price objective for the stock from $42.60 to $51.00 in a research note on Friday, January 12th. SunTrust Banks upped their target price on shares of Comcast to $50.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Finally, Bank of America upped their target price on shares of Comcast from $50.00 to $54.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and twenty-three have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $47.08.

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Comcast Company Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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