Zions Bancorporation N.A. Sells 453 Shares of Comcast Co. (NASDAQ:CMCSA)

Zions Bancorporation N.A. lessened its holdings in Comcast Co. (NASDAQ:CMCSA) by 3.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,218 shares of the cable giant’s stock after selling 453 shares during the quarter. Zions Bancorporation N.A.’s holdings in Comcast were worth $469,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Capital Investment Advisors LLC increased its stake in shares of Comcast by 4.5% in the second quarter. Capital Investment Advisors LLC now owns 36,027 shares of the cable giant’s stock valued at $1,411,000 after buying an additional 1,550 shares during the period. First Hawaiian Bank lifted its position in shares of Comcast by 8.9% in the 2nd quarter. First Hawaiian Bank now owns 191,846 shares of the cable giant’s stock worth $7,513,000 after purchasing an additional 15,664 shares during the period. Douglas Lane & Associates LLC boosted its stake in shares of Comcast by 0.7% in the 3rd quarter. Douglas Lane & Associates LLC now owns 2,210,469 shares of the cable giant’s stock valued at $92,331,000 after purchasing an additional 15,807 shares during the last quarter. Wulff Hansen & CO. increased its position in shares of Comcast by 3,816.0% during the second quarter. Wulff Hansen & CO. now owns 558,382 shares of the cable giant’s stock worth $21,866,000 after buying an additional 544,123 shares during the period. Finally, Quadrature Capital Ltd acquired a new position in Comcast in the first quarter valued at $773,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Stock Performance

NASDAQ:CMCSA opened at $42.88 on Friday. The company has a market capitalization of $164.08 billion, a P/E ratio of 11.53, a P/E/G ratio of 1.66 and a beta of 1.00. The business has a fifty day simple moving average of $41.54 and a two-hundred day simple moving average of $39.84. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.11.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping the consensus estimate of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The company had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. During the same period last year, the firm earned $1.08 EPS. Comcast’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, analysts expect that Comcast Co. will post 4.25 earnings per share for the current year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 annualized dividend and a yield of 2.89%. Comcast’s dividend payout ratio is currently 33.33%.

Analyst Upgrades and Downgrades

CMCSA has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft boosted their price target on Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Macquarie reiterated a “neutral” rating and set a $40.00 target price on shares of Comcast in a research report on Friday, November 1st. Wells Fargo & Company raised their price target on shares of Comcast from $43.00 to $46.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Pivotal Research upped their price objective on shares of Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Scotiabank upgraded Comcast from a “sector perform” rating to a “sector outperform” rating and raised their target price for the company from $47.75 to $48.00 in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.75.

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.