23,811 Shares in Comcast Corporation $CMCSA Bought by Heartland Bank & Trust Co

Heartland Bank & Trust Co purchased a new position in Comcast Corporation (NASDAQ:CMCSA) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 23,811 shares of the cable giant’s stock, valued at approximately $748,000.

Other institutional investors have also recently made changes to their positions in the company. Jackson Grant Investment Advisers Inc. grew its stake in shares of Comcast by 17.5% in the 3rd quarter. Jackson Grant Investment Advisers Inc. now owns 4,480 shares of the cable giant’s stock valued at $141,000 after buying an additional 668 shares during the period. Hillsdale Investment Management Inc. grew its stake in Comcast by 21.2% in the third quarter. Hillsdale Investment Management Inc. now owns 28,050 shares of the cable giant’s stock valued at $881,000 after acquiring an additional 4,900 shares during the period. Raiffeisen Bank International AG grew its stake in Comcast by 71.2% in the third quarter. Raiffeisen Bank International AG now owns 55,061 shares of the cable giant’s stock valued at $1,734,000 after acquiring an additional 22,904 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in shares of Comcast by 39.1% during the third quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 39,796 shares of the cable giant’s stock valued at $1,250,000 after acquiring an additional 11,192 shares in the last quarter. Finally, China Universal Asset Management Co. Ltd. raised its position in shares of Comcast by 15.0% during the third quarter. China Universal Asset Management Co. Ltd. now owns 97,222 shares of the cable giant’s stock worth $3,055,000 after purchasing an additional 12,664 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

CMCSA has been the subject of several research reports. TD Cowen reduced their price target on shares of Comcast from $40.00 to $39.00 and set a “buy” rating for the company in a research report on Friday, January 30th. UBS Group reduced their price objective on shares of Comcast from $36.00 to $32.00 and set a “neutral” rating for the company in a report on Friday, January 30th. Loop Capital decreased their target price on shares of Comcast from $43.00 to $40.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Royal Bank Of Canada cut their price objective on shares of Comcast from $32.00 to $31.00 and set a “sector perform” rating on the stock in a report on Friday, January 16th. Finally, Moffett Nathanson decreased their price target on Comcast from $58.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, November 13th. Ten analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $34.90.

Comcast Trading Down 0.1%

Shares of CMCSA opened at $31.34 on Friday. Comcast Corporation has a fifty-two week low of $25.75 and a fifty-two week high of $37.97. The business has a 50-day moving average of $29.71 and a 200 day moving average of $30.07. The firm has a market cap of $112.76 billion, a P/E ratio of 5.84, a price-to-earnings-growth ratio of 2.45 and a beta of 0.81. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, January 29th. The cable giant reported $0.84 EPS for the quarter, beating the consensus estimate of $0.75 by $0.09. Comcast had a net margin of 16.17% and a return on equity of 16.86%. The business had revenue of $32.31 billion for the quarter, compared to the consensus estimate of $32.35 billion. During the same period in the prior year, the firm earned $0.96 earnings per share. The company’s revenue was up 1.2% compared to the same quarter last year. As a group, research analysts forecast that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Dividend Announcement

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 paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date is Wednesday, April 1st. Comcast’s payout ratio is currently 24.58%.

Insider Transactions at Comcast

In other Comcast news, CEO Michael J. Cavanagh sold 57,947 shares of the 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 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 legal filing with the SEC, which is available at this link. 1.32% of the stock is owned by insiders.

About Comcast

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.