Zions Bancorporation N.A. Decreases Stock Position in Comcast Co. (NASDAQ:CMCSA)

Zions Bancorporation N.A. lowered its holdings in Comcast Co. (NASDAQ:CMCSA - Free Report) by 82.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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.

A number of other large investors have also recently modified their holdings of the business. Loomis Sayles & Co. L P lifted its stake in Comcast by 30.0% during the third quarter. Loomis Sayles & Co. L P now owns 427,120 shares of the cable giant's stock worth $17,841,000 after purchasing an additional 98,605 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Comcast by 5.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,558,230 shares of the cable giant's stock valued at $190,397,000 after buying an additional 219,976 shares in the last quarter. Cadence Bank lifted its position in Comcast by 1.5% in the 3rd quarter. Cadence Bank now owns 162,607 shares of the cable giant's stock worth $6,792,000 after buying an additional 2,335 shares during the last quarter. Townsquare Capital LLC boosted its stake in Comcast by 4.0% in the third quarter. Townsquare Capital LLC now owns 400,315 shares of the cable giant's stock worth $16,721,000 after buying an additional 15,532 shares in the last quarter. Finally, Hardy Reed LLC grew its position in Comcast by 5.8% during the third quarter. Hardy Reed LLC now owns 7,903 shares of the cable giant's stock valued at $330,000 after acquiring an additional 430 shares during the last quarter. Institutional investors own 84.32% of the company's stock.

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Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CMCSA. Barclays cut their price objective on shares of Comcast from $42.00 to $37.00 and set an "equal weight" rating for the company in a research note on Monday, February 3rd. Scotiabank lowered shares of Comcast from a "sector outperform" rating to a "sector perform" rating and cut their price target for the company from $48.00 to $44.50 in a research report on Monday, February 3rd. The Goldman Sachs Group decreased their price objective on Comcast from $50.00 to $44.00 and set a "buy" rating on the stock in a report on Friday, January 31st. JPMorgan Chase & Co. dropped their target price on Comcast from $45.00 to $39.00 and set a "neutral" rating for the company in a report on Friday, January 31st. Finally, BNP Paribas raised Comcast from an "underperform" rating to a "neutral" rating and set a $35.00 price target on the stock in a research note on Friday, January 31st. Ten equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $43.64.

Comcast Stock Up 0.8 %

Shares of NASDAQ:CMCSA traded up $0.28 during trading on Monday, hitting $36.90. The stock had a trading volume of 27,804,768 shares, compared to its average volume of 21,422,262. 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 12 month low of $32.50 and a 12 month high of $45.31. The company has a market capitalization of $139.52 billion, a PE ratio of 8.89, a PEG ratio of 1.78 and a beta of 1.00. The firm's fifty day moving average is $35.89 and its 200 day moving average is $38.98.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. Analysts anticipate that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be given a $0.33 dividend. This is a boost from Comcast's previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date of this dividend is Wednesday, April 2nd. Comcast's payout ratio 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.