First Business Financial Services Inc. Grows Position in Comcast Co. (NASDAQ:CMCSA)

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First Business Financial Services Inc. lifted its position in Comcast Co. (NASDAQ:CMCSA) by 2.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,300 shares of the cable giant’s stock after buying an additional 250 shares during the quarter. First Business Financial Services Inc.’s holdings in Comcast were worth $419,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Comcast by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 391,492,214 shares of the cable giant’s stock worth $16,552,290,000 after purchasing an additional 7,792,136 shares during the last quarter. BlackRock Inc. raised its position in shares of Comcast by 2.7% in the 2nd quarter. BlackRock Inc. now owns 325,166,060 shares of the cable giant’s stock worth $13,748,022,000 after buying an additional 8,635,296 shares during the period. Invesco Ltd. raised its position in shares of Comcast by 3.0% in the 2nd quarter. Invesco Ltd. now owns 61,356,936 shares of the cable giant’s stock worth $2,594,171,000 after buying an additional 1,759,655 shares during the period. Northern Trust Corp raised its position in shares of Comcast by 1.9% in the 2nd quarter. Northern Trust Corp now owns 54,866,448 shares of the cable giant’s stock worth $2,319,753,000 after buying an additional 1,009,589 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Comcast by 9.0% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 53,688,862 shares of the cable giant’s stock worth $2,269,965,000 after buying an additional 4,446,292 shares during the period. 82.79% of the stock is currently owned by hedge funds and other institutional investors.

CMCSA has been the topic of several research reports. ValuEngine lowered Comcast from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 2nd. Wolfe Research set a $56.00 price objective on Comcast and gave the company a “buy” rating in a research report on Friday, October 25th. Morgan Stanley set a $53.00 price objective on Comcast and gave the company a “buy” rating in a research report on Friday, October 25th. Oppenheimer raised Comcast from a “market perform” rating to an “outperform” rating and set a $54.00 price objective on the stock in a research report on Thursday, September 5th. Finally, BidaskClub downgraded Comcast from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eighteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $50.52.

NASDAQ:CMCSA traded up $0.49 during mid-day trading on Friday, reaching $45.19. The stock had a trading volume of 13,741,600 shares, compared to its average volume of 17,858,869. The stock’s 50 day simple moving average is $45.15 and its two-hundred day simple moving average is $43.80. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 0.86. Comcast Co. has a 1-year low of $32.61 and a 1-year high of $47.27. The company has a market capitalization of $201.44 billion, a price-to-earnings ratio of 17.72, a price-to-earnings-growth ratio of 1.18 and a beta of 1.07.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, October 24th. The cable giant reported $0.79 EPS for the quarter, beating the consensus estimate of $0.75 by $0.04. Comcast had a net margin of 11.45% and a return on equity of 24.25%. The business had revenue of $26.83 billion for the quarter, compared to analysts’ expectations of $26.77 billion. During the same period in the previous year, the company posted $0.65 EPS. Comcast’s revenue was up 21.2% on a year-over-year basis. Sell-side analysts anticipate that Comcast Co. will post 3.09 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.86%. The ex-dividend date is Tuesday, January 7th. Comcast’s payout ratio is presently 32.94%.

In related news, CEO Brian L. Roberts sold 508,248 shares of Comcast stock in a transaction on Monday, October 28th. The shares were sold at an average price of $44.98, for a total value of $22,860,995.04. Following the completion of the sale, the chief executive officer now owns 4,108,522 shares of the company’s stock, valued at approximately $184,801,319.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Daniel C. Murdock sold 848 shares of Comcast stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $44.23, for a total transaction of $37,507.04. Following the completion of the sale, the senior vice president now directly owns 3,419 shares of the company’s stock, valued at approximately $151,222.37. The disclosure for this sale can be found here. In the last ninety days, insiders sold 518,696 shares of company stock valued at $23,333,254. 1.35% of the stock is owned by company insiders.

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.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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