Clear Creek Financial Management LLC Has $499,000 Holdings in Comcast Co. (NASDAQ:CMCSA)

Clear Creek Financial Management LLC boosted its stake in Comcast Co. (NASDAQ:CMCSA) by 23.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,956 shares of the cable giant’s stock after purchasing an additional 2,254 shares during the period. Clear Creek Financial Management LLC’s holdings in Comcast were worth $499,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of CMCSA. Capital World Investors boosted its stake in shares of Comcast by 7.4% in the 1st quarter. Capital World Investors now owns 115,703,280 shares of the cable giant’s stock valued at $5,015,737,000 after purchasing an additional 7,929,963 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Comcast by 2.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 38,329,384 shares of the cable giant’s stock worth $1,500,722,000 after acquiring an additional 1,000,626 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Comcast by 41.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 28,016,389 shares of the cable giant’s stock valued at $1,214,512,000 after purchasing an additional 8,243,302 shares during the period. Ontario Teachers Pension Plan Board grew its stake in Comcast by 25,881.7% during the first quarter. Ontario Teachers Pension Plan Board now owns 10,850,995 shares of the cable giant’s stock worth $470,391,000 after purchasing an additional 10,809,231 shares during the period. Finally, First Pacific Advisors LP lifted its stake in Comcast by 2.1% in the second quarter. First Pacific Advisors LP now owns 10,818,009 shares of the cable giant’s stock valued at $423,633,000 after buying an additional 219,894 shares during the period. 84.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Benchmark reiterated a “buy” rating and issued a $55.00 price objective on shares of Comcast in a research note on Wednesday, October 30th. Pivotal Research lifted their price target on shares of Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a report on Friday. Scotiabank upgraded Comcast from a “sector perform” rating to a “sector outperform” rating and raised their target price for the company from $47.75 to $48.00 in a research note on Friday. Finally, Barclays dropped their price target on Comcast from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $46.63.

Comcast Trading Down 0.3 %

Shares of CMCSA stock opened at $43.56 on Monday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.66 and a current ratio of 0.72. The company has a market capitalization of $168.69 billion, a price-to-earnings ratio of 11.71, a PEG ratio of 1.15 and a beta of 1.00. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.11. The company has a 50-day simple moving average of $40.80 and a two-hundred day simple moving average of $39.58.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.06. The company had revenue of $32.07 billion during the quarter, compared to analyst estimates of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. Comcast’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.08 earnings per share. Research analysts anticipate that Comcast Co. will post 4.24 EPS for the current fiscal year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date is Wednesday, January 8th. Comcast’s payout ratio is 33.33%.

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.