The Hills Bank & Trust Co. decides to keep it stake in Comcast Corp. (CMCSA) to the level of $660,000

The Hills Bank & Trust Co. decides to keep it stake in Comcast Corp. (CMCSA) to the level of $660,000

Hills Bank & Trust Co. continued to hold its position in shares of Comcast Corp. (NASDAQ:CMCSA) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,959 shares of the cable giant’s stock at the end of the third quarter. Hills Bank & Trust Co.’s holdings in Comcast Corp. were worth $660,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the company. Fulton Bank N.A. raised its stake in shares of Comcast Corp. by 5.0% in the second quarter. Fulton Bank N.A. now owns 51,859 shares of the cable giant’s stock valued at $3,381,000 after buying an additional 2,473 shares in the last quarter. Kistler Tiffany Companies LLC raised its stake in shares of Comcast Corp. by 4.2% in the second quarter. Kistler Tiffany Companies LLC now owns 4,939 shares of the cable giant’s stock valued at $322,000 after buying an additional 199 shares in the last quarter. Park National Corp OH raised its stake in shares of Comcast Corp. by 0.8% in the second quarter. Park National Corp OH now owns 49,051 shares of the cable giant’s stock valued at $3,198,000 after buying an additional 406 shares in the last quarter. Howland Capital Management LLC raised its stake in shares of Comcast Corp. by 1.7% in the second quarter. Howland Capital Management LLC now owns 18,159 shares of the cable giant’s stock valued at $1,184,000 after buying an additional 300 shares in the last quarter. Finally, Baxter Bros Inc. bought a new stake in shares of Comcast Corp. during the second quarter valued at $12,407,000. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Comcast Corp. (NASDAQ:CMCSA) traded up 0.29% during midday trading on Friday, hitting $69.16. The stock had a trading volume of 3,481,776 shares. The stock has a 50-day moving average of $64.84 and a 200-day moving average of $65.06. The firm has a market cap of $165.49 billion, a P/E ratio of 20.29 and a beta of 1.08. Comcast Corp. has a 52 week low of $52.34 and a 52 week high of $69.92.

Comcast Corp. (NASDAQ:CMCSA) last released its earnings results on Wednesday, October 26th. The cable giant reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.01. The company earned $21.32 billion during the quarter, compared to the consensus estimate of $21.11 billion. Comcast Corp. had a return on equity of 15.22% and a net margin of 10.65%. The firm’s quarterly revenue was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.80 earnings per share. Analysts forecast that Comcast Corp. will post $3.50 EPS for the current fiscal year.

A number of brokerages have recently commented on CMCSA. Barclays PLC reissued an “overweight” rating and set a $70.00 price target on shares of Comcast Corp. in a report on Thursday, September 22nd. Jefferies Group reissued a “buy” rating and set a $77.00 price target on shares of Comcast Corp. in a report on Friday, October 7th. Credit Suisse Group AG reissued an “outperform” rating and set a $75.00 price target (up from $69.00) on shares of Comcast Corp. in a report on Monday, August 1st. Argus reaffirmed a “buy” rating and set a $81.00 target price on shares of Comcast Corp. in a research note on Tuesday, September 27th. Finally, Macquarie raised Comcast Corp. from a “neutral” rating to an “outperform” rating and raised their target price for the company from $69.00 to $77.00 in a research note on Monday, October 24th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $73.15.

In other Comcast Corp. news, EVP David L. Cohen sold 20,100 shares of the business’s stock in a transaction dated Wednesday, October 19th. The stock was sold at an average price of $65.01, for a total value of $1,306,701.00. Following the completion of the transaction, the executive vice president now directly owns 257,120 shares of the company’s stock, valued at $16,715,371.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP David L. Cohen sold 19,886 shares of the business’s stock in a transaction dated Thursday, October 27th. The shares were sold at an average price of $62.21, for a total value of $1,237,108.06. Following the completion of the transaction, the executive vice president now directly owns 246,070 shares of the company’s stock, valued at $15,308,014.70. The disclosure for this sale can be found here. Insiders own 1.27% of the company’s stock.

Comcast Corp. Company Profile

Comcast Corporation is a media and technology company. The Company’s primary businesses include Comcast Cable and NBCUniversal. Its Comcast Cable business operates in Cable Communications segment. Its NBCUniversal business consists of four segments, which include Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.

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