ZRC Wealth Management LLC Has $34,000 Stock Position in Comcast Co. (NASDAQ:CMCSA)

ZRC Wealth Management LLC lowered its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 65.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 783 shares of the cable giant’s stock after selling 1,495 shares during the period. ZRC Wealth Management LLC’s holdings in Comcast were worth $34,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Steph & Co. increased its position in Comcast by 154.6% during the first quarter. Steph & Co. now owns 611 shares of the cable giant’s stock worth $26,000 after buying an additional 371 shares during the last quarter. OLD Point Trust & Financial Services N A bought a new stake in Comcast in the 4th quarter valued at $28,000. Pineridge Advisors LLC bought a new stake in Comcast in the 4th quarter valued at $32,000. Financial Synergies Wealth Advisors Inc. boosted its position in Comcast by 336.9% during the first quarter. Financial Synergies Wealth Advisors Inc. now owns 769 shares of the cable giant’s stock worth $33,000 after purchasing an additional 593 shares during the period. Finally, Tennessee Valley Asset Management Partners acquired a new position in shares of Comcast in the fourth quarter valued at $34,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on CMCSA shares. Evercore ISI decreased their target price on Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Tuesday. Rosenblatt Securities reiterated a “neutral” rating and set a $45.00 price objective on shares of Comcast in a research report on Friday, April 26th. Citigroup reduced their target price on shares of Comcast from $53.00 to $48.00 and set a “buy” rating for the company in a research report on Monday, April 29th. BNP Paribas lowered shares of Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price target on the stock. in a research report on Tuesday, June 11th. Finally, Benchmark reiterated a “buy” rating and issued a $55.00 price objective on shares of Comcast in a research note on Monday, May 13th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $48.53.

Comcast Stock Up 0.5 %

CMCSA stock opened at $38.05 on Friday. The firm has a 50-day moving average price of $38.58 and a 200-day moving average price of $41.23. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.46. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.13. The stock has a market capitalization of $149.29 billion, a P/E ratio of 10.07, a price-to-earnings-growth ratio of 0.95 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, beating the consensus estimate of $0.98 by $0.06. The business had revenue of $30.06 billion during the quarter, compared to the consensus estimate of $29.83 billion. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The firm’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.92 EPS. As a group, equities research analysts anticipate that Comcast Co. will post 4.22 EPS for the current fiscal year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 24th. Investors of record on Wednesday, July 3rd will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $1.24 dividend on an annualized basis and a yield of 3.26%. Comcast’s dividend payout ratio is currently 32.80%.

Insiders Place Their Bets

In related news, major shareholder Corp Comcast sold 3,176,923 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $3.19, for a total value of $10,134,384.37. Following the completion of the transaction, the insider now owns 2,000,000 shares in the company, valued at approximately $6,380,000. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 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.