Bangor Savings Bank Sells 719 Shares of Comcast Co. (NASDAQ:CMCSA)

Bangor Savings Bank reduced its position in shares of Comcast Co. (NASDAQ:CMCSA) by 3.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,305 shares of the cable giant’s stock after selling 719 shares during the quarter. Bangor Savings Bank’s holdings in Comcast were worth $848,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in CMCSA. Waterloo Capital L.P. bought a new stake in Comcast in the fourth quarter valued at $308,000. XML Financial LLC boosted its stake in shares of Comcast by 25.4% during the 4th quarter. XML Financial LLC now owns 35,181 shares of the cable giant’s stock valued at $1,543,000 after purchasing an additional 7,137 shares in the last quarter. Regal Investment Advisors LLC increased its position in shares of Comcast by 4.4% during the fourth quarter. Regal Investment Advisors LLC now owns 8,215 shares of the cable giant’s stock valued at $360,000 after buying an additional 343 shares during the period. Keyes Stange & Wooten Wealth Management LLC bought a new position in Comcast in the fourth quarter worth about $624,000. Finally, Bennett Associates Wealth Management purchased a new stake in Comcast in the fourth quarter worth about $475,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Trading Down 1.5 %

Shares of NASDAQ:CMCSA opened at $40.56 on Tuesday. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.11. The stock’s fifty day moving average price is $39.94 and its 200-day moving average price is $39.51. The company has a market cap of $159.14 billion, a P/E ratio of 10.73, a PEG ratio of 1.08 and a beta of 1.01. 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 (NASDAQ:CMCSA) last released its quarterly earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.09. The firm had revenue of $29.69 billion for the quarter, compared to analysts’ expectations of $30.02 billion. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The company’s revenue was down 2.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.13 EPS. Sell-side analysts expect that Comcast Co. will post 4.23 earnings per share for the current year.

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.06%. The ex-dividend date of this dividend is Wednesday, October 2nd. Comcast’s dividend payout ratio is presently 32.80%.

Analysts Set New Price Targets

CMCSA has been the subject of several research reports. BNP Paribas lowered Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 target price for the company. in a research report on Tuesday, June 11th. Barclays lowered their price objective on Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a research report on Thursday, July 25th. Evercore ISI reduced their target price on shares of Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 2nd. StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 24th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Comcast has a consensus rating of “Hold” and a consensus price target of $45.55.

About Comcast

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.