Hills Bank & Trust Co. Acquires 9,819 Shares of Comcast Co. (CMCSA)
Hills Bank & Trust Co. raised its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 99.1% during the first quarter, Holdings Channel reports. The fund owned 19,728 shares of the cable giant’s stock after buying an additional 9,819 shares during the period. Hills Bank & Trust Co.’s holdings in Comcast were worth $742,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Dodge & Cox purchased a new stake in shares of Comcast during the fourth quarter valued at $2,643,845,000. Norges Bank purchased a new stake in shares of Comcast during the fourth quarter valued at $1,487,203,000. Price T Rowe Associates Inc. MD increased its stake in shares of Comcast by 21.2% in the third quarter. Price T Rowe Associates Inc. MD now owns 43,792,055 shares of the cable giant’s stock valued at $2,905,165,000 after buying an additional 7,652,797 shares during the period. FMR LLC increased its stake in shares of Comcast by 16.3% in the fourth quarter. FMR LLC now owns 49,731,509 shares of the cable giant’s stock valued at $3,433,960,000 after buying an additional 6,973,366 shares during the period. Finally, TCI Fund Management Ltd. increased its stake in shares of Comcast by 23.0% in the fourth quarter. TCI Fund Management Ltd. now owns 35,780,552 shares of the cable giant’s stock valued at $2,470,647,000 after buying an additional 6,688,445 shares during the period. Hedge funds and other institutional investors own 82.03% of the company’s stock.
Shares of Comcast Co. (NASDAQ:CMCSA) opened at 38.00 on Friday. The company has a market capitalization of $180.56 billion, a P/E ratio of 21.29 and a beta of 1.07. Comcast Co. has a 12-month low of $29.81 and a 12-month high of $38.44. The stock has a 50 day moving average of $37.43 and a 200-day moving average of $35.46.
Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, January 26th. The cable giant reported $0.89 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.02. Comcast had a net margin of 10.81% and a return on equity of 15.30%. The business had revenue of $21 billion for the quarter, compared to analysts’ expectations of $20.67 billion. During the same period in the prior year, the company posted $0.81 EPS. The business’s revenue for the quarter was up 9.2% on a year-over-year basis. Equities research analysts forecast that Comcast Co. will post $1.89 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 26th. Stockholders of record on Wednesday, April 5th will be paid a dividend of $0.1575 per share. The ex-dividend date is Monday, April 3rd. This is a boost from Comcast’s previous quarterly dividend of $0.14. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.66%. Comcast’s dividend payout ratio is 30.81%.
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A number of equities research analysts have commented on the stock. Instinet lifted their target price on shares of Comcast from $37.50 to $42.50 and gave the stock a “buy” rating in a research report on Friday, January 27th. Morgan Stanley reaffirmed an “overweight” rating and issued a $40.00 target price (up previously from $38.00) on shares of Comcast in a research report on Thursday, January 5th. Deutsche Bank AG raised shares of Comcast from a “hold” rating to a “buy” rating and lifted their target price for the stock from $34.00 to $44.00 in a research report on Friday, January 13th. HSBC Holdings plc assumed coverage on shares of Comcast in a research report on Thursday, January 19th. They issued a “buy” rating and a $41.50 target price for the company. Finally, Evercore ISI reaffirmed an “overweight” rating on shares of Comcast in a research report on Monday, February 27th. One equities research analyst has rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. Comcast presently has an average rating of “Buy” and an average target price of $40.69.
In related news, EVP Neil Smit sold 133,314 shares of the stock in a transaction dated Monday, January 30th. The shares were sold at an average price of $75.31, for a total value of $10,039,877.34. Following the sale, the executive vice president now directly owns 191,837 shares of the company’s stock, valued at approximately $14,447,244.47. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Arthur R. Block sold 2,356 shares of the stock in a transaction dated Wednesday, April 19th. The shares were sold at an average price of $37.82, for a total transaction of $89,103.92. Following the completion of the sale, the executive vice president now directly owns 62,988 shares in the company, valued at $2,382,206.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 313,404 shares of company stock worth $19,478,603. Corporate insiders own 1.27% of the company’s stock.
Comcast Company Profile
Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.
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