Zurcher Kantonalbank Zurich Cantonalbank Sells 22,445 Shares of Comcast Corporation $CMCSA

Zurcher Kantonalbank Zurich Cantonalbank reduced its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 2.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 980,995 shares of the cable giant’s stock after selling 22,445 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Comcast were worth $29,322,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of CMCSA. Capital Research Global Investors increased its stake in shares of Comcast by 46.1% in the 3rd quarter. Capital Research Global Investors now owns 33,706,330 shares of the cable giant’s stock valued at $1,059,053,000 after acquiring an additional 10,633,206 shares during the last quarter. State Street Corp increased its stake in shares of Comcast by 4.6% in the 3rd quarter. State Street Corp now owns 180,687,135 shares of the cable giant’s stock valued at $5,677,190,000 after acquiring an additional 7,917,335 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of Comcast by 2,970.5% in the 4th quarter. SG Americas Securities LLC now owns 7,394,728 shares of the cable giant’s stock valued at $221,028,000 after acquiring an additional 7,153,895 shares during the last quarter. Two Sigma Investments LP increased its stake in shares of Comcast by 1,356.2% in the 3rd quarter. Two Sigma Investments LP now owns 6,556,098 shares of the cable giant’s stock valued at $205,993,000 after acquiring an additional 6,105,867 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC increased its stake in shares of Comcast by 554.9% in the 2nd quarter. Worldquant Millennium Advisors LLC now owns 5,005,158 shares of the cable giant’s stock valued at $178,634,000 after acquiring an additional 4,240,876 shares during the last quarter. 84.32% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on CMCSA shares. TD Cowen lowered their price target on Comcast from $40.00 to $39.00 and set a “buy” rating for the company in a research note on Friday, January 30th. Barclays set a $28.00 price target on Comcast and gave the company an “equal weight” rating in a research note on Tuesday, January 13th. BNP Paribas Exane lowered their price target on Comcast from $26.00 to $25.00 and set an “underperform” rating for the company in a research note on Wednesday, April 8th. Sanford C. Bernstein lowered their price target on Comcast from $34.00 to $32.00 and set a “market perform” rating for the company in a research note on Thursday, January 15th. Finally, Royal Bank Of Canada lowered their price target on Comcast from $32.00 to $31.00 and set a “sector perform” rating for the company in a research note on Friday, January 16th. Ten investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $34.81.

Comcast Trading Down 2.3%

NASDAQ:CMCSA opened at $29.05 on Wednesday. Comcast Corporation has a twelve month low of $25.75 and a twelve month high of $36.66. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.96. The business has a 50 day moving average price of $29.88 and a two-hundred day moving average price of $29.09. The company has a market cap of $104.52 billion, a P/E ratio of 5.41, a price-to-earnings-growth ratio of 2.47 and a beta of 0.80.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, January 29th. The cable giant reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.09. The firm had revenue of $32.31 billion during the quarter, compared to the consensus estimate of $32.35 billion. Comcast had a return on equity of 16.86% and a net margin of 16.17%.The business’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.96 EPS. As a group, analysts expect that Comcast Corporation will post 3.46 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 1st will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Wednesday, April 1st. Comcast’s dividend payout ratio is presently 24.58%.

Insider Activity at Comcast

In other news, CEO Michael J. Cavanagh sold 57,947 shares of the stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $32.66, for a total value of $1,892,549.02. Following the completion of the sale, the chief executive officer owned 622,336 shares of the company’s stock, valued at approximately $20,325,493.76. This represents a 8.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.26% of the company’s stock.

About Comcast

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.