Mill Creek Capital Advisors LLC Sells 7,610 Shares of Comcast Co. (NASDAQ:CMCSA)

Mill Creek Capital Advisors LLC reduced its stake in Comcast Co. (NASDAQ:CMCSA) by 38.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,255 shares of the cable giant’s stock after selling 7,610 shares during the period. Mill Creek Capital Advisors LLC’s holdings in Comcast were worth $512,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of CMCSA. Fairscale Capital LLC purchased a new position in shares of Comcast in the 2nd quarter worth $26,000. Strategic Financial Concepts LLC purchased a new position in shares of Comcast in the 2nd quarter worth $27,000. IAG Wealth Partners LLC grew its stake in shares of Comcast by 204.7% in the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock worth $30,000 after buying an additional 522 shares in the last quarter. McClarren Financial Advisors Inc. grew its stake in shares of Comcast by 365.4% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after buying an additional 570 shares in the last quarter. Finally, Archer Investment Corp grew its stake in shares of Comcast by 177.1% in the 2nd quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock worth $32,000 after buying an additional 519 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

Comcast Trading Down 1.4 %

NASDAQ:CMCSA opened at $42.88 on Monday. Comcast Co. has a one year low of $36.43 and a one year high of $47.11. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a market cap of $164.08 billion, a P/E ratio of 11.53, a P/E/G ratio of 1.63 and a beta of 1.00. The firm has a 50-day simple moving average of $41.61 and a 200-day simple moving average of $39.89.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, beating the consensus estimate of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The business had revenue of $32.07 billion during the quarter, compared to analyst estimates of $31.78 billion. During the same quarter in the previous year, the business posted $1.08 EPS. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. Equities analysts anticipate that Comcast Co. will post 4.25 EPS for the current fiscal year.

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 annualized dividend and a dividend yield of 2.89%. Comcast’s dividend payout ratio is currently 33.33%.

Analysts Set New Price Targets

CMCSA has been the subject of a number of recent research reports. Benchmark reissued a “buy” rating and issued a $55.00 price objective on shares of Comcast in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Wells Fargo & Company lifted their price target on shares of Comcast from $43.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. Macquarie reaffirmed a “neutral” rating and set a $40.00 price target on shares of Comcast in a research note on Friday, November 1st. Finally, Barclays lifted their price target on shares of Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $46.75.

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.