Zurcher Kantonalbank Zurich Cantonalbank Sells 23,218 Shares of Comcast Co. (NASDAQ:CMCSA)

Zurcher Kantonalbank Zurich Cantonalbank lessened its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 2.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 814,756 shares of the cable giant’s stock after selling 23,218 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Comcast were worth $30,578,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in CMCSA. Promus Capital LLC bought a new position in Comcast in the fourth quarter valued at about $25,000. Winch Advisory Services LLC boosted its holdings in Comcast by 269.9% in the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after acquiring an additional 502 shares during the last quarter. Roxbury Financial LLC bought a new position in Comcast in the fourth quarter valued at about $27,000. Wingate Wealth Advisors Inc. bought a new position in Comcast in the fourth quarter valued at about $28,000. Finally, Safe Harbor Fiduciary LLC bought a new position in Comcast in the third quarter valued at about $30,000. Institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

CMCSA has been the topic of several recent research reports. The Goldman Sachs Group decreased their price target on Comcast from $50.00 to $44.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Barclays reduced their target price on Comcast from $42.00 to $37.00 and set an “equal weight” rating on the stock in a report on Monday, February 3rd. JPMorgan Chase & Co. reduced their target price on Comcast from $45.00 to $39.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Loop Capital reduced their target price on Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, January 2nd. Finally, Scotiabank cut Comcast from a “sector outperform” rating to a “sector perform” rating and reduced their target price for the stock from $48.00 to $44.50 in a report on Monday, February 3rd. Nine analysts have rated the stock with a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Comcast has a consensus rating of “Moderate Buy” and an average price target of $43.83.

Comcast Stock Down 3.9 %

Shares of Comcast stock opened at $36.11 on Tuesday. The business’s 50 day simple moving average is $36.10 and its 200 day simple moving average is $39.32. Comcast Co. has a 52-week low of $32.50 and a 52-week high of $45.31. The firm has a market cap of $136.53 billion, a PE ratio of 8.70, a P/E/G ratio of 1.78 and a beta of 1.00. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. On average, analysts predict that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date of this dividend is Wednesday, April 2nd. This is a positive change from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio (DPR) is currently 31.81%.

About Comcast

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.