Comcast Co. (NASDAQ:CMCSA) Shares Bought by Iowa State Bank

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

Other institutional investors and hedge funds also recently bought and sold shares of the company. Capital Investment Advisors LLC boosted its holdings in Comcast by 0.7% in the third quarter. Capital Investment Advisors LLC now owns 34,950 shares of the cable giant’s stock valued at $1,550,000 after acquiring an additional 238 shares during the last quarter. Ironwood Financial llc boosted its holdings in Comcast by 1.6% in the third quarter. Ironwood Financial llc now owns 15,449 shares of the cable giant’s stock valued at $685,000 after acquiring an additional 238 shares during the last quarter. Welch Group LLC boosted its holdings in Comcast by 4.4% in the third quarter. Welch Group LLC now owns 5,674 shares of the cable giant’s stock valued at $252,000 after acquiring an additional 239 shares during the last quarter. Boltwood Capital Management boosted its holdings in Comcast by 1.5% in the third quarter. Boltwood Capital Management now owns 16,239 shares of the cable giant’s stock valued at $720,000 after acquiring an additional 240 shares during the last quarter. Finally, Tradewinds LLC. boosted its holdings in Comcast by 1.3% in the second quarter. Tradewinds LLC. now owns 19,414 shares of the cable giant’s stock valued at $807,000 after acquiring an additional 241 shares during the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Evercore ISI reiterated an “outperform” rating and issued a $50.00 price target on shares of Comcast in a report on Tuesday, March 26th. Redburn Atlantic cut Comcast from a “buy” rating to a “neutral” rating and decreased their price target for the company from $50.00 to $44.00 in a report on Thursday, February 15th. StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, March 22nd. Wells Fargo & Company raised their target price on Comcast from $45.00 to $50.00 and gave the stock an “equal weight” rating in a report on Friday, January 26th. Finally, Pivotal Research raised their target price on Comcast from $55.00 to $58.00 and gave the stock a “buy” rating in a report on Wednesday, December 13th. Nine 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 has an average rating of “Moderate Buy” and a consensus price target of $49.68.

View Our Latest Research Report on Comcast

Insider Activity at Comcast

In other Comcast news, President Michael J. Cavanagh sold 114,749 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $46.10, for a total transaction of $5,289,928.90. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.18% of the stock is owned by insiders.

Comcast Stock Down 1.1 %

Comcast stock traded down $0.47 during midday trading on Tuesday, reaching $41.81. The stock had a trading volume of 16,801,124 shares, compared to its average volume of 20,186,293. The firm’s fifty day simple moving average is $43.08 and its 200-day simple moving average is $43.16. Comcast Co. has a 1-year low of $36.38 and a 1-year high of $47.46. The stock has a market capitalization of $166.06 billion, a P/E ratio of 11.37, a price-to-earnings-growth ratio of 1.00 and a beta of 0.98. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.60 and a current ratio of 0.60.

Comcast (NASDAQ:CMCSAGet Free Report) last announced its earnings results on Thursday, January 25th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.04. Comcast had a return on equity of 19.75% and a net margin of 12.66%. The business had revenue of $31.25 billion for the quarter, compared to analyst estimates of $30.41 billion. As a group, analysts expect that Comcast Co. will post 4.25 EPS for the current fiscal year.

Comcast Increases Dividend

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

Comcast Company Profile

(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.