Comcast Corporation (CMCSA) Shares Sold by Bangor Savings Bank
Bangor Savings Bank trimmed its position in Comcast Corporation (NASDAQ:CMCSA) by 2.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,607 shares of the cable giant’s stock after selling 222 shares during the quarter. Bangor Savings Bank’s holdings in Comcast were worth $413,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of CMCSA. Biegel & Waller LLC acquired a new position in Comcast during the 2nd quarter valued at approximately $432,000. Penobscot Investment Management Company Inc. boosted its position in Comcast by 3.0% during the 2nd quarter. Penobscot Investment Management Company Inc. now owns 98,387 shares of the cable giant’s stock valued at $3,829,000 after purchasing an additional 2,828 shares during the period. WINTON GROUP Ltd boosted its position in Comcast by 573.3% during the 1st quarter. WINTON GROUP Ltd now owns 219,526 shares of the cable giant’s stock valued at $14,563,000 after purchasing an additional 186,920 shares during the period. Artisan Partners Limited Partnership boosted its position in Comcast by 100.9% during the 1st quarter. Artisan Partners Limited Partnership now owns 899,227 shares of the cable giant’s stock valued at $33,802,000 after purchasing an additional 451,551 shares during the period. Finally, Tower Bridge Advisors boosted its position in Comcast by 10.1% during the 2nd quarter. Tower Bridge Advisors now owns 142,129 shares of the cable giant’s stock valued at $5,532,000 after purchasing an additional 13,003 shares during the period. Institutional investors and hedge funds own 82.50% of the company’s stock.
A number of research analysts have issued reports on CMCSA shares. BidaskClub upgraded Comcast from a “strong sell” rating to a “sell” rating in a research report on Tuesday, December 5th. Macquarie reiterated a “buy” rating and set a $40.00 price target on shares of Comcast in a research report on Thursday, December 7th. Royal Bank of Canada reiterated a “buy” rating and set a $45.00 price target on shares of Comcast in a research report on Wednesday, October 18th. KeyCorp reiterated a “hold” rating on shares of Comcast in a research report on Tuesday, October 17th. Finally, Robert W. Baird reiterated an “outperform” rating on shares of Comcast in a research report on Wednesday, September 20th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-seven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $45.72.
Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, October 26th. The cable giant reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.03. The business had revenue of $20.98 billion during the quarter, compared to analyst estimates of $21.05 billion. Comcast had a return on equity of 17.17% and a net margin of 11.99%. The company’s revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.92 earnings per share. analysts forecast that Comcast Corporation will post 2.06 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 3rd will be issued a $0.157 dividend. The ex-dividend date of this dividend is Tuesday, January 2nd. This represents a $0.63 annualized dividend and a dividend yield of 1.63%. Comcast’s dividend payout ratio (DPR) is 29.72%.
In other news, Director Kenneth J. Bacon sold 2,232 shares of the business’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $37.27, for a total transaction of $83,186.64. Following the sale, the director now directly owns 24,580 shares of the company’s stock, valued at $916,096.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Arthur R. Block sold 4,091 shares of the business’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $38.36, for a total value of $156,930.76. Following the sale, the executive vice president now directly owns 68,478 shares in the company, valued at $2,626,816.08. The disclosure for this sale can be found here. Corporate insiders own 1.28% of the company’s stock.
Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.
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