First Business Financial Services Inc. lifted its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 2.8% in the 3rd quarter, Holdings Channel reports. The fund owned 9,300 shares of the cable giant’s stock after acquiring an additional 250 shares during the quarter. First Business Financial Services Inc.’s holdings in Comcast were worth $419,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. USS Investment Management Ltd raised its holdings in Comcast by 7.3% in the first quarter. USS Investment Management Ltd now owns 6,208,145 shares of the cable giant’s stock worth $248,109,000 after purchasing an additional 423,687 shares during the period. Bath Savings Trust Co bought a new position in Comcast in the second quarter valued at $314,000. Cox Capital Mgt LLC grew its position in Comcast by 1.8% in the second quarter. Cox Capital Mgt LLC now owns 34,347 shares of the cable giant’s stock valued at $1,452,000 after purchasing an additional 617 shares in the last quarter. Private Trust Co. NA grew its position in Comcast by 5.8% in the second quarter. Private Trust Co. NA now owns 48,307 shares of the cable giant’s stock valued at $2,042,000 after purchasing an additional 2,660 shares in the last quarter. Finally, Private Asset Management Inc. bought a new position in Comcast in the second quarter valued at $202,000. 82.79% of the stock is owned by institutional investors.

Shares of CMCSA traded up $0.49 during midday 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 company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.33. Comcast Co. has a one year low of $32.61 and a one year high of $47.27. The firm has a 50 day simple moving average of $45.15 and a 200-day simple moving average of $43.80. The firm has a market cap of $201.44 billion, a PE ratio of 17.72, a P/E/G ratio of 1.18 and a beta of 1.07.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, October 24th. The cable giant reported $0.79 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $26.83 billion for the quarter, compared to the consensus estimate of $26.77 billion. During the same quarter in the previous year, the company earned $0.65 EPS. Comcast’s quarterly revenue was up 21.2% compared to the same quarter last year. As a group, research analysts forecast that Comcast Co. will post 3.09 EPS for the current fiscal year.

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

In other Comcast news, CEO Brian L. Roberts sold 508,248 shares of the company’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $44.98, for a total transaction of $22,860,995.04. Following the transaction, the chief executive officer now owns 4,108,522 shares in the company, valued at $184,801,319.56. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Daniel C. Murdock sold 848 shares of the company’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $44.23, for a total transaction of $37,507.04. Following the transaction, the senior vice president now owns 3,419 shares in the company, valued at approximately $151,222.37. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 518,696 shares of company stock worth $23,333,254. Corporate insiders own 1.35% of the company’s stock.

A number of research firms recently weighed in on CMCSA. Pivotal Research raised their target price on shares of Comcast from $54.00 to $56.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Bank of America set a $58.00 target price on shares of Comcast and gave the company a “buy” rating in a research report on Wednesday, August 21st. Wolfe Research set a $56.00 target price on shares of Comcast and gave the company a “buy” rating in a research report on Friday, October 25th. Morgan Stanley set a $53.00 target price on shares of Comcast and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, ValuEngine downgraded shares of Comcast from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 2nd. One 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. Comcast has a consensus rating of “Buy” and a consensus target price of $50.52.

About Comcast

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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