First National Bank of Omaha grew its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 1.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 752,477 shares of the cable giant’s stock after buying an additional 8,171 shares during the quarter. Comcast accounts for approximately 1.5% of First National Bank of Omaha’s portfolio, making the stock its 6th largest holding. First National Bank of Omaha’s holdings in Comcast were worth $26,913,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the company. Robecosam AG boosted its holdings in shares of Comcast by 18.1% during the third quarter. Robecosam AG now owns 9,210 shares of the cable giant’s stock worth $324,000 after purchasing an additional 1,410 shares during the period. Carroll Financial Associates Inc. boosted its holdings in shares of Comcast by 13.4% during the second quarter. Carroll Financial Associates Inc. now owns 12,234 shares of the cable giant’s stock worth $401,000 after purchasing an additional 1,444 shares during the period. Aries Wealth Management boosted its holdings in shares of Comcast by 11.6% during the second quarter. Aries Wealth Management now owns 14,395 shares of the cable giant’s stock worth $515,000 after purchasing an additional 1,500 shares during the period. Resources Investment Advisors Inc. boosted its holdings in shares of Comcast by 51.4% during the second quarter. Resources Investment Advisors Inc. now owns 4,465 shares of the cable giant’s stock worth $147,000 after purchasing an additional 1,516 shares during the period. Finally, Perkins Coie Trust Co boosted its holdings in shares of Comcast by 2.1% during the second quarter. Perkins Coie Trust Co now owns 74,403 shares of the cable giant’s stock worth $2,440,000 after purchasing an additional 1,534 shares during the period. 80.39% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have commented on the stock. BidaskClub lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a report on Thursday. Morgan Stanley assumed coverage on shares of Comcast in a report on Thursday. They issued an “overweight” rating and a $46.00 price objective for the company. Scotiabank set a $48.00 price objective on shares of Comcast and gave the stock a “buy” rating in a report on Wednesday, October 31st. ValuEngine upgraded shares of Comcast from a “sell” rating to a “hold” rating in a report on Wednesday, October 31st. Finally, Credit Suisse Group upgraded shares of Comcast from a “neutral” rating to an “outperform” rating in a report on Friday, October 26th. Nine equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. Comcast currently has an average rating of “Buy” and a consensus target price of $44.57.
CMCSA stock opened at $38.34 on Friday. Comcast Co. has a 52-week low of $30.43 and a 52-week high of $44.00. The company has a market cap of $177.88 billion, a PE ratio of 15.89, a price-to-earnings-growth ratio of 1.21 and a beta of 0.93. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.96.
Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, October 25th. The cable giant reported $0.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.04. Comcast had a net margin of 27.33% and a return on equity of 15.79%. The firm had revenue of $22.14 billion during the quarter, compared to analyst estimates of $21.75 billion. Sell-side analysts predict that Comcast Co. will post 2.53 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 23rd. Stockholders of record on Wednesday, January 2nd will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, December 31st. This represents a $0.76 annualized dividend and a dividend yield of 1.98%. Comcast’s payout ratio is 36.89%.
In related news, EVP Arthur R. Block sold 1,082 shares of the firm’s stock in a transaction that occurred on Monday, September 24th. The shares were sold at an average price of $35.94, for a total transaction of $38,887.08. Following the completion of the sale, the executive vice president now owns 62,476 shares of the company’s stock, valued at $2,245,387.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Arthur R. Block sold 6,448 shares of the firm’s stock in a transaction that occurred on Thursday, September 27th. The shares were sold at an average price of $35.48, for a total transaction of $228,775.04. Following the sale, the executive vice president now directly owns 74,644 shares of the company’s stock, valued at approximately $2,648,369.12. The disclosure for this sale can be found here. 1.31% of the stock is currently owned by company insiders.
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.
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