Clear Creek Financial Management LLC Buys 1,175 Shares of Comcast Co. (NASDAQ:CMCSA)

Clear Creek Financial Management LLC lifted its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 9.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,131 shares of the cable giant’s stock after purchasing an additional 1,175 shares during the period. Clear Creek Financial Management LLC’s holdings in Comcast were worth $493,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Custom Index Systems LLC increased its position in Comcast by 4.6% during the fourth quarter. Custom Index Systems LLC now owns 9,907 shares of the cable giant’s stock worth $372,000 after buying an additional 436 shares during the last quarter. Austin Private Wealth LLC increased its holdings in shares of Comcast by 22.5% during the 4th quarter. Austin Private Wealth LLC now owns 6,622 shares of the cable giant’s stock worth $249,000 after acquiring an additional 1,218 shares during the last quarter. Intergy Private Wealth LLC bought a new stake in Comcast in the 4th quarter valued at $209,000. Hunter Associates Investment Management LLC lifted its holdings in Comcast by 7.1% during the 4th quarter. Hunter Associates Investment Management LLC now owns 10,448 shares of the cable giant’s stock valued at $392,000 after purchasing an additional 689 shares during the last quarter. Finally, Sonora Investment Management Group LLC boosted its position in Comcast by 8.9% during the fourth quarter. Sonora Investment Management Group LLC now owns 8,169 shares of the cable giant’s stock worth $307,000 after purchasing an additional 670 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Insider Activity

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

Comcast Trading Up 1.2 %

Shares of CMCSA opened at $33.66 on Monday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. Comcast Co. has a 52-week low of $32.50 and a 52-week high of $47.11. The firm has a market cap of $128.80 billion, a price-to-earnings ratio of 9.05, a PEG ratio of 1.36 and a beta of 1.01. The business’s fifty day moving average is $38.61 and its 200-day moving average is $40.07.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, topping the consensus estimate of $0.88 by $0.08. Comcast had a return on equity of 19.81% and a net margin of 11.92%. Equities analysts anticipate that Comcast Co. will post 4.25 EPS for the current fiscal year.

Comcast Increases Dividend

The business 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 dividend of $0.33 per share. The ex-dividend date is Wednesday, April 2nd. This is an increase from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 3.92%. Comcast’s dividend payout ratio is 31.81%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CMCSA shares. Rosenblatt Securities reissued a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a research report on Wednesday, November 6th. The Goldman Sachs Group reduced their price objective on Comcast from $50.00 to $44.00 and set a “buy” rating for the company in a report on Friday. StockNews.com raised Comcast from a “buy” rating to a “strong-buy” rating in a report on Friday, January 17th. Wells Fargo & Company decreased their price objective on Comcast from $45.00 to $37.00 and set an “equal weight” rating on the stock in a report on Friday. Finally, TD Cowen dropped their target price on Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a report on Friday, November 1st. Nine investment analysts have rated the stock with a hold rating, ten have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $45.00.

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.