First Interstate Bank Buys 606 Shares of Comcast Co. (CMCSA)

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First Interstate Bank grew its stake in Comcast Co. (NASDAQ:CMCSA) by 5.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,907 shares of the cable giant’s stock after acquiring an additional 606 shares during the quarter. First Interstate Bank’s holdings in Comcast were worth $406,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Regentatlantic Capital LLC increased its position in shares of Comcast by 0.3% during the 4th quarter. Regentatlantic Capital LLC now owns 560,929 shares of the cable giant’s stock worth $19,100,000 after purchasing an additional 1,941 shares during the last quarter. Carnick & Kubik Group LLC acquired a new stake in shares of Comcast during the 4th quarter worth about $6,092,000. Gabelli Funds LLC increased its position in shares of Comcast by 4.3% during the 4th quarter. Gabelli Funds LLC now owns 1,284,500 shares of the cable giant’s stock worth $43,737,000 after purchasing an additional 53,000 shares during the last quarter. Old Port Advisors acquired a new stake in shares of Comcast during the 4th quarter worth about $441,000. Finally, Cobblestone Capital Advisors LLC NY increased its position in shares of Comcast by 2.5% during the 4th quarter. Cobblestone Capital Advisors LLC NY now owns 41,947 shares of the cable giant’s stock worth $1,428,000 after purchasing an additional 1,020 shares during the last quarter. 80.66% of the stock is owned by institutional investors and hedge funds.

Shares of Comcast stock opened at $37.00 on Tuesday. Comcast Co. has a 12 month low of $30.43 and a 12 month high of $40.42. The stock has a market cap of $174.63 billion, a P/E ratio of 14.51, a PEG ratio of 1.12 and a beta of 1.03. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.79 and a quick ratio of 0.79.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Wednesday, January 23rd. The cable giant reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. Comcast had a return on equity of 16.49% and a net margin of 12.41%. The company had revenue of $27.85 billion during the quarter, compared to analysts’ expectations of $27.56 billion. During the same period last year, the business posted $0.49 EPS. Comcast’s revenue for the quarter was up 26.1% on a year-over-year basis. As a group, equities analysts expect that Comcast Co. will post 2.75 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 3rd will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.27%. The ex-dividend date is Tuesday, April 2nd. This is a boost from Comcast’s previous quarterly dividend of $0.19. Comcast’s dividend payout ratio (DPR) is presently 29.80%.

A number of brokerages recently issued reports on CMCSA. BidaskClub downgraded Comcast from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 8th. began coverage on Comcast in a research report on Wednesday, October 24th. They set a “buy” rating and a $43.00 price objective for the company. They noted that the move was a valuation call. Macquarie reissued a “hold” rating and set a $39.00 price objective on shares of Comcast in a research report on Monday, December 24th. Goldman Sachs Group reissued a “neutral” rating and set a $38.00 price objective on shares of Comcast in a research report on Monday, October 22nd. Finally, TD Securities raised their price objective on Comcast from $47.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, January 24th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and sixteen have given a buy rating to the company’s stock. Comcast has an average rating of “Buy” and an average price target of $43.76.

In other news, Director Kenneth J. Bacon sold 7,636 shares of Comcast stock in a transaction dated Monday, December 10th. The stock was sold at an average price of $37.04, for a total value of $282,837.44. Following the completion of the transaction, the director now owns 33,603 shares in the company, valued at approximately $1,244,655.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Arthur R. Block sold 4,129 shares of Comcast stock in a transaction dated Thursday, December 27th. The shares were sold at an average price of $33.80, for a total value of $139,560.20. Following the completion of the transaction, the executive vice president now owns 67,912 shares of the company’s stock, valued at approximately $2,295,425.60. The disclosure for this sale can be found here. Insiders sold a total of 294,099 shares of company stock valued at $10,866,899 in the last quarter. Company insiders own 1.31% of the company’s stock.

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Comcast Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.

Further Reading: How Does the Quiet Period Work?

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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