First National Bank of Omaha Invests $685,000 in Comcast Corporation $CMCSA

First National Bank of Omaha bought a new position in Comcast Corporation (NASDAQ:CMCSA) in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 21,791 shares of the cable giant’s stock, valued at approximately $685,000.

Several other large investors have also added to or reduced their stakes in the company. Cape Investment Advisory Inc. increased its holdings in Comcast by 2.6% in the 2nd quarter. Cape Investment Advisory Inc. now owns 12,275 shares of the cable giant’s stock worth $438,000 after buying an additional 307 shares during the period. Coign Capital Advisors LLC boosted its holdings in shares of Comcast by 2.1% in the 2nd quarter. Coign Capital Advisors LLC now owns 15,919 shares of the cable giant’s stock valued at $568,000 after acquiring an additional 324 shares during the last quarter. OneAscent Family Office LLC increased its stake in shares of Comcast by 4.9% in the second quarter. OneAscent Family Office LLC now owns 7,048 shares of the cable giant’s stock worth $252,000 after acquiring an additional 332 shares during the period. Titleist Asset Management LLC raised its holdings in shares of Comcast by 4.7% during the second quarter. Titleist Asset Management LLC now owns 7,618 shares of the cable giant’s stock worth $272,000 after purchasing an additional 342 shares during the last quarter. Finally, Lakeshore Capital Group Inc. lifted its position in Comcast by 2.6% during the third quarter. Lakeshore Capital Group Inc. now owns 13,636 shares of the cable giant’s stock valued at $428,000 after purchasing an additional 343 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on CMCSA shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Comcast in a research report on Friday, January 9th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $30.00 target price (down from $39.00) on shares of Comcast in a report on Friday, October 31st. KeyCorp downgraded Comcast from an “overweight” rating to a “sector weight” rating in a report on Thursday, October 30th. TD Cowen lowered their price objective on Comcast from $40.00 to $39.00 and set a “buy” rating on the stock in a research report on Friday, January 30th. Finally, Daiwa Securities Group cut their target price on shares of Comcast from $38.00 to $30.00 and set an “outperform” rating for the company in a report on Tuesday, November 18th. Ten research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Comcast currently has an average rating of “Hold” and an average target price of $34.90.

Insider Transactions at Comcast

In other Comcast news, CEO Michael J. Cavanagh sold 57,947 shares of Comcast stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $32.66, for a total transaction of $1,892,549.02. Following the transaction, the chief executive officer directly owned 622,336 shares of the company’s stock, valued at $20,325,493.76. The trade was a 8.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.32% of the company’s stock.

Comcast Trading Down 0.7%

Shares of Comcast stock opened at $31.38 on Friday. Comcast Corporation has a twelve month low of $25.75 and a twelve month high of $37.97. The firm’s 50-day moving average price is $29.63 and its 200 day moving average price is $30.07. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $112.90 billion, a PE ratio of 5.84, a P/E/G ratio of 2.46 and a beta of 0.81.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, January 29th. The cable giant reported $0.84 EPS for the quarter, topping the consensus estimate of $0.75 by $0.09. Comcast had a return on equity of 16.86% and a net margin of 16.17%.The firm had revenue of $32.31 billion during the quarter, compared to analysts’ expectations of $32.35 billion. During the same period in the previous year, the business earned $0.96 earnings per share. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, sell-side analysts predict that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 1st will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 4.2%. The ex-dividend date is Wednesday, April 1st. Comcast’s dividend payout ratio is presently 24.58%.

Comcast Company Profile

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.