Comcast Co. (NASDAQ:CMCSA) Shares Sold by Zions Bancorporation N.A.

Zions Bancorporation N.A. cut its position in Comcast Co. (NASDAQ:CMCSA) by 6.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,671 shares of the cable giant’s stock after selling 866 shares during the period. Zions Bancorporation N.A.’s holdings in Comcast were worth $457,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in CMCSA. Gilbert & Cook Inc. boosted its holdings in shares of Comcast by 10.3% during the 4th quarter. Gilbert & Cook Inc. now owns 15,613 shares of the cable giant’s stock worth $685,000 after purchasing an additional 1,459 shares during the last quarter. Gryphon Financial Partners LLC boosted its stake in Comcast by 71.7% during the fourth quarter. Gryphon Financial Partners LLC now owns 50,539 shares of the cable giant’s stock worth $2,451,000 after buying an additional 21,112 shares during the last quarter. Jump Financial LLC purchased a new stake in Comcast in the 4th quarter valued at $800,000. Meridian Wealth Management LLC increased its stake in shares of Comcast by 4.3% in the 4th quarter. Meridian Wealth Management LLC now owns 13,317 shares of the cable giant’s stock worth $584,000 after acquiring an additional 547 shares during the last quarter. Finally, Navellier & Associates Inc. purchased a new position in shares of Comcast during the 4th quarter worth $203,000. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Trading Up 0.6 %

NASDAQ:CMCSA opened at $39.55 on Friday. The stock has a fifty day moving average price of $39.36 and a 200 day moving average price of $39.74. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.16. Comcast Co. has a 12-month low of $36.43 and a 12-month high of $47.11. The firm has a market cap of $153.16 billion, a PE ratio of 10.46, a price-to-earnings-growth ratio of 1.03 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Tuesday, July 23rd. The cable giant reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. The business had revenue of $29.69 billion during the quarter, compared to the consensus estimate of $30.02 billion. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.13 earnings per share. Sell-side analysts anticipate that Comcast Co. will post 4.23 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd will be issued a $0.31 dividend. The ex-dividend date is Wednesday, October 2nd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.14%. Comcast’s payout ratio is 32.80%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on CMCSA shares. Macquarie reiterated a “neutral” rating and issued a $40.00 price objective on shares of Comcast in a research report on Wednesday, July 24th. KeyCorp lowered their price target on Comcast from $45.00 to $44.00 and set an “overweight” rating for the company in a report on Wednesday, July 24th. Barclays reduced their price objective on shares of Comcast from $41.00 to $40.00 and set an “equal weight” rating on the stock in a report on Thursday, July 25th. BNP Paribas lowered shares of Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 target price for the company. in a research note on Tuesday, June 11th. Finally, The Goldman Sachs Group began coverage on shares of Comcast in a research note on Tuesday, June 25th. They issued a “buy” rating and a $44.00 price target on the stock. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $45.78.

Comcast Company 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.