First National Bank of Omaha boosted its stake in Comcast Co. (NASDAQ:CMCSA) by 1.1% in the third quarter, HoldingsChannel.com reports. The firm owned 752,477 shares of the cable giant’s stock after acquiring an additional 8,171 shares during the period. Comcast makes up approximately 1.5% of First National Bank of Omaha’s holdings, making the stock its 6th largest holding. First National Bank of Omaha’s holdings in Comcast were worth $26,913,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of the business. Massachusetts Financial Services Co. MA grew its position in shares of Comcast by 1.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 150,105,437 shares of the cable giant’s stock valued at $5,315,234,000 after acquiring an additional 1,830,315 shares during the period. FMR LLC grew its position in shares of Comcast by 7.5% during the 2nd quarter. FMR LLC now owns 111,854,932 shares of the cable giant’s stock valued at $3,669,961,000 after acquiring an additional 7,812,415 shares during the period. Boston Partners grew its position in shares of Comcast by 23.7% during the 2nd quarter. Boston Partners now owns 22,787,062 shares of the cable giant’s stock valued at $747,643,000 after acquiring an additional 4,358,705 shares during the period. Bank of Montreal Can grew its position in shares of Comcast by 43.9% during the 3rd quarter. Bank of Montreal Can now owns 22,597,172 shares of the cable giant’s stock valued at $800,167,000 after acquiring an additional 6,893,674 shares during the period. Finally, Schwab Charles Investment Management Inc. grew its position in shares of Comcast by 6.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 19,722,508 shares of the cable giant’s stock valued at $647,096,000 after acquiring an additional 1,125,430 shares during the period. 80.39% of the stock is owned by institutional investors and hedge funds.
In other Comcast news, EVP Arthur R. Block sold 6,448 shares of the business’s stock in a transaction on Thursday, September 27th. The shares were sold at an average price of $35.48, for a total value of $228,775.04. Following the sale, the executive vice president now owns 74,644 shares in the company, valued at approximately $2,648,369.12. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Arthur R. Block sold 1,082 shares of the business’s stock in a transaction on Monday, September 24th. The stock was 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 in the company, valued at approximately $2,245,387.44. The disclosure for this sale can be found here. 1.31% of the stock is owned by insiders.
Shares of CMCSA stock opened at $38.34 on Friday. The firm has a market capitalization of $177.88 billion, a price-to-earnings ratio of 15.89, a P/E/G ratio of 1.21 and a beta of 0.93. Comcast Co. has a 52 week low of $30.43 and a 52 week high of $44.00. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.18 and a current ratio of 1.18.
Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, October 25th. The cable giant reported $0.65 EPS for the quarter, topping the consensus estimate of $0.61 by $0.04. The business had revenue of $22.14 billion for the quarter, compared to analysts’ expectations of $21.75 billion. Comcast had a net margin of 27.33% and a return on equity of 15.79%. As a group, equities analysts expect that Comcast Co. will post 2.53 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 23rd. Shareholders of record on Wednesday, January 2nd will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.98%. The ex-dividend date is Monday, December 31st. Comcast’s payout ratio is currently 36.89%.
CMCSA has been the subject of a number of recent research reports. TD Securities cut their price objective on shares of Comcast from $48.00 to $47.00 and set a “buy” rating for the company in a research report on Tuesday, September 25th. Pivotal Research reissued a “buy” rating on shares of Comcast in a research report on Friday, August 10th. BidaskClub upgraded shares of Comcast from a “hold” rating to a “buy” rating in a research note on Friday, October 19th. Citigroup began coverage on shares of Comcast in a research note on Wednesday, October 24th. They set a “buy” rating and a $48.00 target price on the stock. Finally, MED began coverage on shares of Comcast in a research note on Wednesday, October 24th. They set a “buy” rating and a $43.00 target price on the stock. They noted that the move was a valuation call. Nine research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $44.57.
WARNING: “Comcast Co. (CMCSA) Shares Bought by First National Bank of Omaha” was originally reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this news story on another domain, it was illegally stolen and republished in violation of United States & international copyright and trademark legislation. The original version of this news story can be viewed at https://www.dispatchtribunal.com/2018/11/10/comcast-co-cmcsa-shares-bought-by-first-national-bank-of-omaha.html.
Comcast Company Profile
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.
Featured Story: Ex-Dividend
Want to see what other hedge funds are holding CMCSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comcast Co. (NASDAQ:CMCSA).
Receive News & Ratings for Comcast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast and related companies with MarketBeat.com's FREE daily email newsletter.