First National Bank of Omaha cut its position in Comcast Corporation (NASDAQ:CMCSA) by 10.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 662,991 shares of the cable giant’s stock after selling 74,759 shares during the period. Comcast Corporation comprises 1.6% of First National Bank of Omaha’s portfolio, making the stock its 6th largest position. First National Bank of Omaha’s holdings in Comcast Corporation were worth $26,025,000 as of its most recent filing with the SEC.
Several other hedge funds have also bought and sold shares of the company. Jarislowsky Fraser Ltd increased its stake in Comcast Corporation by 0.5% in the fourth quarter. Jarislowsky Fraser Ltd now owns 2,000,860 shares of the cable giant’s stock worth $138,159,000 after buying an additional 9,835 shares during the period. Advantage Investment Management LLC acquired a new stake in Comcast Corporation during the fourth quarter worth $103,000. IFM Investors Pty Ltd acquired a new stake in Comcast Corporation during the fourth quarter worth $2,124,000. Independent Advisor Alliance acquired a new stake in Comcast Corporation during the fourth quarter worth $284,000. Finally, Empire Life Investments Inc. acquired a new stake in Comcast Corporation during the fourth quarter worth $39,544,000. Hedge funds and other institutional investors own 82.87% of the company’s stock.
Comcast Corporation (NASDAQ:CMCSA) traded up 0.62% during trading on Friday, reaching $40.52. 19,547,097 shares of the company’s stock traded hands. Comcast Corporation has a one year low of $30.02 and a one year high of $42.18. The stock has a market cap of $190.99 billion, a P/E ratio of 20.41 and a beta of 1.01. The firm’s 50 day moving average price is $39.71 and its 200-day moving average price is $38.91.
Comcast Corporation (NASDAQ:CMCSA) last issued its earnings results on Thursday, July 27th. The cable giant reported $0.52 EPS for the quarter, topping the consensus estimate of $0.48 by $0.04. The company had revenue of $21.17 billion for the quarter, compared to analyst estimates of $20.85 billion. Comcast Corporation had a net margin of 11.45% and a return on equity of 16.80%. The business’s revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.83 EPS. On average, equities analysts anticipate that Comcast Corporation will post $2.04 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 4th will be given a dividend of $0.1575 per share. The ex-dividend date of this dividend is Tuesday, October 3rd. This represents a $0.63 annualized dividend and a dividend yield of 1.55%. Comcast Corporation’s payout ratio is currently 31.74%.
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A number of research firms have recently weighed in on CMCSA. Moffett Nathanson downgraded shares of Comcast Corporation from a “buy” rating to a “neutral” rating and set a $45.00 target price on the stock. in a report on Tuesday, June 20th. ValuEngine cut shares of Comcast Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Guggenheim raised shares of Comcast Corporation from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $42.00 to $46.00 in a research note on Thursday, August 3rd. BidaskClub cut shares of Comcast Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 23rd. Finally, Argus boosted their price objective on shares of Comcast Corporation from $44.00 to $48.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Two analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $45.69.
In related news, Director Kenneth J. Bacon sold 7,500 shares of the business’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $40.50, for a total value of $303,750.00. Following the sale, the director now directly owns 26,812 shares in the company, valued at approximately $1,085,886. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Daniel C. Murdock sold 3,659 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $39.61, for a total transaction of $144,932.99. Following the completion of the sale, the senior vice president now owns 725 shares in the company, valued at $28,717.25. The disclosure for this sale can be found here. 1.28% of the stock is currently owned by insiders.
About Comcast Corporation
Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.
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