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

Zions Bancorporation N.A. lowered its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 82.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,945 shares of the cable giant’s stock after selling 9,273 shares during the period. Zions Bancorporation N.A.’s holdings in Comcast were worth $73,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of CMCSA. Promus Capital LLC purchased a new stake in Comcast during the 4th quarter worth about $25,000. Winch Advisory Services LLC boosted its stake in shares of Comcast by 269.9% during the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after purchasing an additional 502 shares during the last quarter. Roxbury Financial LLC acquired a new position in shares of Comcast in the fourth quarter valued at approximately $27,000. Wingate Wealth Advisors Inc. purchased a new position in shares of Comcast during the fourth quarter valued at approximately $28,000. Finally, Safe Harbor Fiduciary LLC acquired a new stake in Comcast during the third quarter worth approximately $30,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Up 1.2 %

NASDAQ CMCSA opened at $37.37 on Thursday. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. Comcast Co. has a fifty-two week low of $32.50 and a fifty-two week high of $45.31. The business has a 50 day moving average price of $35.87 and a two-hundred day moving average price of $39.02. The stock has a market cap of $141.30 billion, a PE ratio of 9.00, a P/E/G ratio of 1.78 and a beta of 1.00.

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

Comcast Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be paid a $0.33 dividend. This is a boost from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.53%. Comcast’s payout ratio is 31.81%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CMCSA shares. Benchmark reduced their price target on Comcast from $57.00 to $55.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Seaport Res Ptn upgraded Comcast from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. Scotiabank cut Comcast from a “sector outperform” rating to a “sector perform” rating and lowered their price target for the company from $48.00 to $44.50 in a report on Monday, February 3rd. Macquarie cut their price objective on shares of Comcast from $42.00 to $36.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Finally, Morgan Stanley lowered their target price on shares of Comcast from $45.00 to $38.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Ten 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.64.

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.