Iowa State Bank Reduces Stock Position in Comcast Co. (NASDAQ:CMCSA)

Iowa State Bank trimmed its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 3.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 55,397 shares of the cable giant’s stock after selling 1,860 shares during the period. Iowa State Bank’s holdings in Comcast were worth $2,079,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. World Investment Advisors LLC grew its stake in shares of Comcast by 904.0% during the 3rd quarter. World Investment Advisors LLC now owns 254,545 shares of the cable giant’s stock valued at $10,632,000 after purchasing an additional 229,192 shares during the period. Tidal Investments LLC grew its position in Comcast by 15.2% during the third quarter. Tidal Investments LLC now owns 171,440 shares of the cable giant’s stock valued at $7,161,000 after buying an additional 22,684 shares during the period. Parnassus Investments LLC increased its holdings in Comcast by 3.7% during the third quarter. Parnassus Investments LLC now owns 1,920,800 shares of the cable giant’s stock valued at $80,232,000 after buying an additional 68,139 shares during the last quarter. Douglas Lane & Associates LLC raised its position in Comcast by 0.7% in the third quarter. Douglas Lane & Associates LLC now owns 2,210,469 shares of the cable giant’s stock worth $92,331,000 after acquiring an additional 15,807 shares during the period. Finally, Wulff Hansen & CO. boosted its stake in shares of Comcast by 3,816.0% during the 2nd quarter. Wulff Hansen & CO. now owns 558,382 shares of the cable giant’s stock worth $21,866,000 after acquiring an additional 544,123 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on CMCSA shares. Pivotal Research upped their price target on Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Wells Fargo & Company reduced their target price on shares of Comcast from $46.00 to $45.00 and set an “equal weight” rating for the company in a report on Monday. Macquarie lifted their price target on shares of Comcast from $40.00 to $42.00 and gave the company a “neutral” rating in a report on Monday, November 18th. StockNews.com cut shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, Loop Capital lowered their target price on shares of Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Comcast currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.33.

Comcast Trading Up 0.1 %

Comcast stock traded up $0.03 during mid-day trading on Monday, hitting $37.70. The company’s stock had a trading volume of 7,328,272 shares, compared to its average volume of 18,669,895. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.11. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $144.26 billion, a PE ratio of 10.13, a price-to-earnings-growth ratio of 1.50 and a beta of 1.01. The stock’s fifty day moving average is $41.25 and its two-hundred day moving average is $40.30.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping the consensus estimate of $1.06 by $0.06. The firm had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.08 EPS. On average, analysts anticipate that Comcast Co. will post 4.26 EPS for the current year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be given a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 annualized dividend and a yield of 3.29%. Comcast’s dividend payout ratio is presently 33.33%.

Insiders Place Their Bets

In related news, CEO Brian L. Roberts sold 234,464 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total transaction of $10,002,234.24. Following the completion of the sale, the chief executive officer now owns 6,669,928 shares in the company, valued at $284,539,128.48. The trade was a 3.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Michael J. Cavanagh sold 25,537 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the sale, the president now owns 534,849 shares of the company’s stock, valued at $22,779,218.91. This represents a 4.56 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.26% of the company’s stock.

About Comcast

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.