Comcast Co. (NASDAQ:CMCSA) Holdings Cut by Meridian Wealth Advisors LLC

Meridian Wealth Advisors LLC cut its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 79.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,232 shares of the cable giant’s stock after selling 74,435 shares during the quarter. Meridian Wealth Advisors LLC’s holdings in Comcast were worth $722,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in CMCSA. McIlrath & Eck LLC grew its holdings in Comcast by 14.8% during the third quarter. McIlrath & Eck LLC now owns 2,183 shares of the cable giant’s stock worth $91,000 after acquiring an additional 282 shares during the period. Dunhill Financial LLC boosted its position in shares of Comcast by 54.8% during the 3rd quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock valued at $34,000 after purchasing an additional 288 shares in the last quarter. Integrated Investment Consultants LLC grew its stake in shares of Comcast by 1.8% in the 4th quarter. Integrated Investment Consultants LLC now owns 16,581 shares of the cable giant’s stock worth $622,000 after purchasing an additional 291 shares during the last quarter. Five Oceans Advisors raised its holdings in shares of Comcast by 2.5% in the 4th quarter. Five Oceans Advisors now owns 12,336 shares of the cable giant’s stock worth $463,000 after purchasing an additional 298 shares in the last quarter. Finally, Kovack Advisors Inc. lifted its stake in Comcast by 1.1% during the fourth quarter. Kovack Advisors Inc. now owns 26,470 shares of the cable giant’s stock valued at $993,000 after purchasing an additional 300 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Price Performance

Shares of NASDAQ:CMCSA opened at $36.75 on Friday. The firm has a market cap of $138.95 billion, a price-to-earnings ratio of 8.86, a P/E/G ratio of 1.78 and a beta of 1.00. Comcast Co. has a 1 year low of $32.50 and a 1 year high of $45.31. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. The business has a fifty day simple moving average of $35.83 and a 200 day simple moving average of $39.07.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, topping 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%. As a group, sell-side analysts predict that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 3.59%. This is an increase from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, April 2nd. Comcast’s payout ratio is currently 31.81%.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of several recent research reports. Wells Fargo & Company decreased their price target on shares of Comcast from $45.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. Bank of America lowered Comcast from a “buy” rating to a “neutral” rating and cut their target price for the stock from $50.00 to $38.00 in a research report on Friday, January 31st. Rosenblatt Securities decreased their price target on Comcast from $45.00 to $36.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. Seaport Res Ptn upgraded Comcast from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Finally, Benchmark reduced their price objective on shares of Comcast from $57.00 to $55.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $43.83.

Comcast 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.