First National Bank of Omaha Buys New Shares in Comcast Corporation $CMCSA

First National Bank of Omaha bought a new position in Comcast Corporation (NASDAQ:CMCSA) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 21,791 shares of the cable giant’s stock, valued at approximately $685,000.

Several other large investors have also added to or reduced their stakes in CMCSA. Brighton Jones LLC grew its position in shares of Comcast by 150.9% during the fourth quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock worth $6,240,000 after purchasing an additional 99,986 shares in the last quarter. Voya Financial Advisors Inc. grew its position in shares of Comcast by 3.2% during the second quarter. Voya Financial Advisors Inc. now owns 83,883 shares of the cable giant’s stock valued at $2,963,000 after purchasing an additional 2,593 shares in the last quarter. United Bank lifted its position in shares of Comcast by 11.3% in the second quarter. United Bank now owns 42,216 shares of the cable giant’s stock worth $1,507,000 after buying an additional 4,290 shares in the last quarter. Cullen Frost Bankers Inc. grew its holdings in Comcast by 0.4% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 364,559 shares of the cable giant’s stock valued at $13,011,000 after buying an additional 1,434 shares in the last quarter. Finally, D.A. Davidson & CO. raised its holdings in shares of Comcast by 6.1% during the 2nd quarter. D.A. Davidson & CO. now owns 141,740 shares of the cable giant’s stock worth $5,059,000 after acquiring an additional 8,168 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Insider Buying and Selling

In other Comcast news, CEO Michael J. Cavanagh sold 57,947 shares of the company’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $32.66, for a total transaction of $1,892,549.02. Following the completion of the sale, the chief executive officer owned 622,336 shares in the company, valued at $20,325,493.76. This represents a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.32% of the stock is owned by company insiders.

Comcast Trading Down 0.7%

CMCSA stock opened at $31.38 on Friday. The company has a market capitalization of $112.90 billion, a PE ratio of 5.84, a P/E/G ratio of 2.46 and a beta of 0.81. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88. Comcast Corporation has a 12 month low of $25.75 and a 12 month high of $37.97. The firm’s 50-day moving average is $29.63 and its 200 day moving average is $30.07.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, January 29th. The cable giant reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.09. The firm had revenue of $32.31 billion during the quarter, compared to the consensus estimate of $32.35 billion. Comcast had a net margin of 16.17% and a return on equity of 16.86%. The company’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.96 earnings per share. On average, research analysts anticipate that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors of record on Wednesday, April 1st will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Wednesday, April 1st. Comcast’s dividend payout ratio (DPR) is presently 24.58%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Williams Trading set a $40.00 target price on shares of Comcast in a report on Friday, October 31st. Morgan Stanley reduced their price objective on Comcast from $32.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 10th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Comcast in a research note on Friday, January 9th. UBS Group cut their target price on Comcast from $36.00 to $32.00 and set a “neutral” rating on the stock in a research report on Friday, January 30th. Finally, Bank of America upgraded Comcast from a “neutral” rating to a “buy” rating and raised their price target for the stock from $31.00 to $37.00 in a research report on Monday, January 12th. Ten research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Comcast has an average rating of “Hold” and an average price target of $34.90.

Comcast Company Profile

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.