Iowa State Bank Boosts Stake in Comcast Co. (NASDAQ:CMCSA)

Iowa State Bank grew its stake in Comcast Co. (NASDAQ:CMCSAFree Report) by 1.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 82,244 shares of the cable giant’s stock after buying an additional 1,344 shares during the period. Iowa State Bank’s holdings in Comcast were worth $3,606,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Norges Bank acquired a new stake in Comcast during the fourth quarter valued at $1,798,173,000. Moneta Group Investment Advisors LLC grew its position in Comcast by 121,265.4% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 25,530,426 shares of the cable giant’s stock valued at $892,799,000 after buying an additional 25,509,390 shares during the period. Morgan Stanley grew its position in Comcast by 15.2% during the fourth quarter. Morgan Stanley now owns 53,653,778 shares of the cable giant’s stock valued at $1,876,273,000 after buying an additional 7,084,451 shares during the period. Arrowstreet Capital Limited Partnership grew its position in Comcast by 62.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 15,271,853 shares of the cable giant’s stock valued at $715,028,000 after buying an additional 5,880,050 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec grew its position in shares of Comcast by 229.6% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 6,369,912 shares of the cable giant’s stock valued at $264,670,000 after purchasing an additional 4,437,276 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

Shares of CMCSA stock traded down $0.47 during mid-day trading on Tuesday, hitting $41.81. The stock had a trading volume of 16,801,124 shares, compared to its average volume of 20,186,293. Comcast Co. has a fifty-two week low of $36.38 and a fifty-two week high of $47.46. The firm has a market cap of $166.06 billion, a PE ratio of 11.37, a PEG ratio of 1.00 and a beta of 0.98. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.60 and a quick ratio of 0.60. The company’s 50-day simple moving average is $43.08 and its 200-day simple moving average is $43.16.

Comcast (NASDAQ:CMCSAGet Free Report) last released its earnings results on Thursday, January 25th. The cable giant reported $0.84 EPS for the quarter, topping the consensus estimate of $0.80 by $0.04. Comcast had a net margin of 12.66% and a return on equity of 19.75%. The company had revenue of $31.25 billion during the quarter, compared to analysts’ expectations of $30.41 billion. Sell-side analysts anticipate that Comcast Co. will post 4.25 earnings per share for the current year.

Comcast Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 3rd will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date is Tuesday, April 2nd. This is an increase from Comcast’s previous quarterly dividend of $0.29. Comcast’s dividend payout ratio (DPR) is currently 31.18%.

Insider Activity

In other news, President Michael J. Cavanagh sold 114,749 shares of the stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $46.10, for a total value of $5,289,928.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.18% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on CMCSA. StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. Redburn Atlantic downgraded shares of Comcast from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $50.00 to $44.00 in a research note on Thursday, February 15th. Wells Fargo & Company lifted their price target on shares of Comcast from $45.00 to $50.00 and gave the company an “equal weight” rating in a research report on Friday, January 26th. Citigroup lifted their price target on shares of Comcast from $51.00 to $53.00 and gave the company a “buy” rating in a research report on Tuesday, January 30th. Finally, Pivotal Research lifted their price target on shares of Comcast from $55.00 to $58.00 and gave the company a “buy” rating in a research report on Wednesday, December 13th. Nine research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $49.68.

Read Our Latest Stock Analysis on CMCSA

About Comcast

(Free Report)

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.

Featured Articles

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:CMCSAFree Report).

Institutional Ownership by Quarter for Comcast (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.