Comcast Co. (NASDAQ:CMCSA) Shares Sold by Bangor Savings Bank

Bangor Savings Bank cut its position in Comcast Co. (NASDAQ:CMCSA) by 2.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,216 shares of the cable giant’s stock after selling 474 shares during the quarter. Bangor Savings Bank’s holdings in Comcast were worth $746,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in CMCSA. Brighton Jones LLC grew its stake in shares of Comcast by 150.9% in the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock valued at $6,240,000 after purchasing an additional 99,986 shares during the last quarter. Strategic Financial Concepts LLC acquired a new stake in shares of Comcast in the 4th quarter valued at approximately $1,654,000. Golden State Wealth Management LLC acquired a new stake in shares of Comcast in the 4th quarter valued at approximately $143,000. Northstar Group Inc. lifted its holdings in shares of Comcast by 5.6% in the 4th quarter. Northstar Group Inc. now owns 7,575 shares of the cable giant’s stock valued at $284,000 after buying an additional 403 shares during the period. Finally, Joel Isaacson & Co. LLC lifted its holdings in shares of Comcast by 2.4% in the 4th quarter. Joel Isaacson & Co. LLC now owns 166,295 shares of the cable giant’s stock valued at $6,241,000 after buying an additional 3,821 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on CMCSA shares. UBS Group set a $44.50 price target on Comcast in a report on Friday, April 25th. Oppenheimer reduced their price target on Comcast from $55.00 to $38.00 and set an “outperform” rating for the company in a report on Friday, April 25th. Wall Street Zen raised Comcast from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 27th. Scotiabank reissued a “sector perform” rating and issued a $44.50 price target (down from $45.00) on shares of Comcast in a report on Friday, April 25th. Finally, Rosenblatt Securities reissued a “neutral” rating and issued a $36.00 price target on shares of Comcast in a report on Monday, April 28th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.10.

Comcast Stock Performance

Comcast stock opened at $34.70 on Friday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. The stock has a fifty day moving average of $34.39 and a two-hundred day moving average of $36.38. The company has a market capitalization of $129.56 billion, a price-to-earnings ratio of 8.36, a PEG ratio of 1.78 and a beta of 0.95. Comcast Co. has a fifty-two week low of $31.44 and a fifty-two week high of $45.31.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.08. The company had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $29.82 billion. Comcast had a return on equity of 19.98% and a net margin of 13.09%. Comcast’s revenue was down .6% compared to the same quarter last year. During the same quarter last year, the business posted $1.04 earnings per share. On average, analysts anticipate that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date of this dividend is Wednesday, July 2nd. Comcast’s dividend payout ratio is currently 32.43%.

Comcast 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.