Zhang Financial LLC Has $438,000 Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Zhang Financial LLC cut its stake in Comcast Co. (NASDAQ:CMCSA) by 57.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,175 shares of the cable giant’s stock after selling 15,395 shares during the quarter. Zhang Financial LLC’s holdings in Comcast were worth $438,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Luken Investment Analytics LLC boosted its stake in Comcast by 258.0% in the 1st quarter. Luken Investment Analytics LLC now owns 580 shares of the cable giant’s stock valued at $25,000 after purchasing an additional 418 shares during the period. Steph & Co. grew its stake in shares of Comcast by 154.6% in the first quarter. Steph & Co. now owns 611 shares of the cable giant’s stock valued at $26,000 after acquiring an additional 371 shares in the last quarter. OLD Point Trust & Financial Services N A bought a new position in Comcast during the fourth quarter worth about $28,000. IAG Wealth Partners LLC raised its stake in Comcast by 204.7% in the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock worth $30,000 after purchasing an additional 522 shares in the last quarter. Finally, Pineridge Advisors LLC bought a new stake in Comcast in the 4th quarter valued at about $32,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Trading Up 1.6 %

CMCSA opened at $40.26 on Tuesday. The firm has a market capitalization of $157.97 billion, a price-to-earnings ratio of 10.65, a PEG ratio of 1.07 and a beta of 1.00. The company’s 50 day moving average price is $38.74 and its two-hundred day moving average price is $40.09. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.66 and a quick ratio of 0.66. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.30.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Tuesday, July 23rd. The cable giant reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. The company had revenue of $29.69 billion for the quarter, compared to analyst estimates of $30.02 billion. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The firm’s quarterly revenue was down 2.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.13 earnings per share. As a group, research analysts predict that Comcast Co. will post 4.23 earnings per share for the current year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $1.24 dividend on an annualized basis and a yield of 3.08%. Comcast’s dividend payout ratio (DPR) is currently 32.80%.

Wall Street Analyst Weigh In

CMCSA has been the topic of a number of recent research reports. Pivotal Research lowered their price objective on Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Comcast from $50.00 to $49.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Wells Fargo & Company dropped their target price on shares of Comcast from $47.00 to $43.00 and set an “equal weight” rating for the company in a research report on Friday, April 26th. Macquarie reiterated a “neutral” rating and set a $40.00 price target on shares of Comcast in a research report on Wednesday, July 24th. Finally, KeyCorp lowered their price objective on shares of Comcast from $45.00 to $44.00 and set an “overweight” rating for the company in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Comcast has an average rating of “Hold” and a consensus target price of $45.78.

Insiders Place Their Bets

In related news, major shareholder Corp Comcast sold 3,176,923 shares of the stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $3.19, for a total value of $10,134,384.37. Following the completion of the sale, the insider now directly owns 2,000,000 shares of the company’s stock, valued at approximately $6,380,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.26% of the company’s stock.

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.