Zhang Financial LLC Trims Stock Holdings in Comcast Corporation $CMCSA

Zhang Financial LLC lowered its stake in Comcast Corporation (NASDAQ:CMCSA) by 9.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,891 shares of the cable giant’s stock after selling 882 shares during the quarter. Zhang Financial LLC’s holdings in Comcast were worth $317,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of CMCSA. Nuveen LLC acquired a new position in Comcast in the first quarter valued at about $940,015,000. Dodge & Cox lifted its position in Comcast by 19.1% in the first quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant’s stock valued at $3,476,635,000 after buying an additional 15,115,074 shares during the last quarter. Pacer Advisors Inc. lifted its position in Comcast by 1,959.3% in the first quarter. Pacer Advisors Inc. now owns 13,228,732 shares of the cable giant’s stock valued at $488,140,000 after buying an additional 12,586,329 shares during the last quarter. Acadian Asset Management LLC lifted its position in Comcast by 119.1% in the first quarter. Acadian Asset Management LLC now owns 7,595,322 shares of the cable giant’s stock valued at $280,238,000 after buying an additional 4,128,434 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in Comcast by 76.6% in the first quarter. The Manufacturers Life Insurance Company now owns 9,440,738 shares of the cable giant’s stock valued at $348,363,000 after buying an additional 4,096,382 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Price Performance

Shares of NASDAQ CMCSA opened at $29.28 on Wednesday. The stock’s 50-day moving average is $31.75 and its two-hundred day moving average is $33.45. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.91. Comcast Corporation has a 1-year low of $29.13 and a 1-year high of $45.31. The company has a market cap of $108.11 billion, a price-to-earnings ratio of 4.84, a price-to-earnings-growth ratio of 1.74 and a beta of 0.94.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share for the quarter. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The company had revenue of $30.34 billion for the quarter. Analysts forecast that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CMCSA. Loop Capital decreased their target price on Comcast from $44.00 to $43.00 and set a “buy” rating on the stock in a research note on Wednesday, October 1st. Morgan Stanley set a $35.00 target price on Comcast and gave the stock an “equal weight” rating in a research note on Tuesday, October 7th. Deutsche Bank Aktiengesellschaft decreased their target price on Comcast from $46.00 to $44.00 and set a “buy” rating on the stock in a research note on Monday, October 6th. UBS Group set a $43.00 target price on Comcast in a research note on Friday, October 3rd. Finally, Royal Bank Of Canada began coverage on Comcast in a research note on Monday, September 8th. They set a “sector perform” rating and a $38.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fifteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Comcast currently has a consensus rating of “Hold” and an average target price of $39.52.

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.