16,031 Shares in Comcast Co. (NASDAQ:CMCSA) Acquired by HTLF Bank

HTLF Bank purchased a new position in Comcast Co. (NASDAQ:CMCSA) during the 4th quarter, Holdings Channel.com reports. The firm purchased 16,031 shares of the cable giant’s stock, valued at approximately $703,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. NewSquare Capital LLC boosted its stake in Comcast by 94.1% during the 3rd quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock valued at $28,000 after purchasing an additional 302 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. boosted its stake in Comcast by 299.1% during the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock valued at $28,000 after purchasing an additional 475,675 shares during the last quarter. Fortis Capital Advisors LLC purchased a new stake in Comcast during the 4th quarter valued at $29,000. Tennessee Valley Asset Management Partners purchased a new stake in Comcast during the 4th quarter valued at $34,000. Finally, Lipe & Dalton purchased a new stake in Comcast during the 4th quarter valued at $37,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Deutsche Bank Aktiengesellschaft cut their target price on Comcast from $55.00 to $53.00 in a research note on Friday, April 5th. Oppenheimer restated an “outperform” rating and issued a $55.00 price target on shares of Comcast in a research note on Wednesday, April 3rd. StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. BNP Paribas restated a “neutral” rating and issued a $45.00 price target on shares of Comcast in a research note on Tuesday, April 9th. Finally, Redburn Atlantic downgraded Comcast from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $50.00 to $44.00 in a research note on Thursday, February 15th. Ten research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $49.74.

Insider Buying and Selling

In related news, President Michael J. Cavanagh sold 114,749 shares of Comcast stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $46.10, for a total value of $5,289,928.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.18% of the stock is currently owned by company insiders.

Comcast Trading Up 1.6 %

Shares of Comcast stock opened at $40.24 on Friday. The firm has a market cap of $159.83 billion, a price-to-earnings ratio of 10.82, a PEG ratio of 0.97 and a beta of 0.98. The business has a 50-day moving average price of $41.82 and a 200-day moving average price of $42.71. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.14. Comcast Co. has a twelve month low of $36.38 and a twelve month high of $47.46.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, January 25th. The cable giant reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.04. The firm had revenue of $31.25 billion during the quarter, compared to analyst estimates of $30.41 billion. Comcast had a return on equity of 19.75% and a net margin of 12.66%. Equities research analysts anticipate that Comcast Co. will post 4.23 EPS for the current fiscal year.

Comcast Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.