Security National Bank of Sioux City Iowa IA Has $1.70 Million Stake in Comcast Corporation $CMCSA

Security National Bank of Sioux City Iowa IA lifted its stake in Comcast Corporation (NASDAQ:CMCSA) by 9.4% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 46,139 shares of the cable giant’s stock after acquiring an additional 3,953 shares during the period. Security National Bank of Sioux City Iowa IA’s holdings in Comcast were worth $1,703,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Inlight Wealth Management LLC bought a new position in shares of Comcast in the first quarter valued at approximately $26,000. Abound Financial LLC acquired a new position in Comcast in the 1st quarter valued at $29,000. Retirement Wealth Solutions LLC grew its stake in Comcast by 126.9% in the 1st quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant’s stock valued at $30,000 after buying an additional 448 shares during the last quarter. Mpwm Advisory Solutions LLC bought a new position in Comcast in the 4th quarter worth $33,000. Finally, Global Wealth Strategies & Associates lifted its position in Comcast by 203.4% during the 1st quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant’s stock worth $33,000 after acquiring an additional 600 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Trading Down 1.0%

Shares of CMCSA stock opened at $33.67 on Wednesday. The firm has a fifty day moving average of $33.94 and a 200-day moving average of $34.64. The stock has a market cap of $124.32 billion, a price-to-earnings ratio of 5.57, a P/E/G ratio of 2.04 and a beta of 0.93. Comcast Corporation has a 52-week low of $31.03 and a 52-week high of $45.31. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.91 and a current ratio of 0.91.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, July 31st. The cable giant reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.18 by $0.07. Comcast had a net margin of 18.44% and a return on equity of 18.86%. The business had revenue of $30.31 billion for the quarter, compared to analysts’ expectations of $29.81 billion. During the same quarter in the previous year, the firm posted $1.21 earnings per share. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, equities research analysts forecast that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 1st will be issued a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.9%. Comcast’s dividend payout ratio is presently 21.82%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Rosenblatt Securities increased their target price on Comcast from $37.00 to $38.00 and gave the company a “neutral” rating in a research note on Monday, August 4th. Moffett Nathanson upped their price target on Comcast from $56.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, June 12th. Barclays lowered their price objective on shares of Comcast from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Friday, August 1st. Scotiabank upped their target price on shares of Comcast from $44.50 to $45.00 and gave the company a “sector perform” rating in a research note on Friday, July 11th. Finally, Royal Bank Of Canada started coverage on shares of Comcast in a report on Monday. They issued a “sector perform” rating and a $38.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $40.63.

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.