Meridian Financial Partners LLC Purchases 401 Shares of Comcast Co. (NASDAQ:CMCSA)

Meridian Financial Partners LLC lifted its position in shares of Comcast Co. (NASDAQ:CMCSA) by 1.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 29,560 shares of the cable giant’s stock after acquiring an additional 401 shares during the quarter. Comcast makes up 1.6% of Meridian Financial Partners LLC’s investment portfolio, making the stock its 17th largest position. Meridian Financial Partners LLC’s holdings in Comcast were worth $1,281,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in CMCSA. Paralel Advisors LLC boosted its stake in Comcast by 1.1% in the 3rd quarter. Paralel Advisors LLC now owns 50,446 shares of the cable giant’s stock worth $2,237,000 after purchasing an additional 569 shares during the period. Mather Group LLC. raised its holdings in shares of Comcast by 26.2% in the 3rd quarter. Mather Group LLC. now owns 29,410 shares of the cable giant’s stock valued at $1,304,000 after acquiring an additional 6,097 shares in the last quarter. Sora Investors LLC purchased a new stake in shares of Comcast in the 3rd quarter valued at about $13,302,000. Caxton Associates LP purchased a new stake in shares of Comcast in the 3rd quarter valued at about $6,651,000. Finally, Schonfeld Strategic Advisors LLC raised its holdings in shares of Comcast by 538.9% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 173,791 shares of the cable giant’s stock valued at $7,706,000 after acquiring an additional 146,588 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Up 2.3 %

Shares of CMCSA stock traded up $0.88 during mid-day trading on Friday, hitting $39.16. The company’s stock had a trading volume of 38,288,913 shares, compared to its average volume of 19,560,456. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.46. The business has a 50-day moving average price of $38.71 and a 200 day moving average price of $41.39. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.59 and a current ratio of 0.59. The stock has a market cap of $153.65 billion, a price-to-earnings ratio of 10.36, a PEG ratio of 0.96 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, April 25th. The cable giant reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.06. The firm had revenue of $30.06 billion during the quarter, compared to analyst estimates of $29.83 billion. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.92 earnings per share. Research analysts predict that Comcast Co. will post 4.21 EPS for the current fiscal year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 24th. Investors of record on Wednesday, July 3rd will be given a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.17%. Comcast’s dividend payout ratio is currently 32.80%.

Insider Buying and Selling

In other Comcast news, major shareholder Corp Comcast sold 3,176,923 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $3.19, for a total transaction of $10,134,384.37. Following the sale, the insider now directly owns 2,000,000 shares in the company, valued at $6,380,000. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.26% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of a number of research reports. Rosenblatt Securities reissued a “neutral” rating and set a $45.00 price objective on shares of Comcast in a report on Friday, April 26th. Oppenheimer reissued an “outperform” rating and set a $55.00 price objective on shares of Comcast in a report on Wednesday, April 3rd. BNP Paribas cut Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price objective on the stock. in a report on Tuesday, June 11th. Macquarie reduced their price target on Comcast from $43.00 to $40.00 and set a “neutral” rating on the stock in a research report on Monday, May 13th. Finally, Scotiabank reduced their price target on Comcast from $50.00 to $47.25 and set a “sector perform” rating on the stock in a research report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $48.62.

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.