Bank of New Hampshire Sells 1,035 Shares of Comcast Co. (NASDAQ:CMCSA)

Bank of New Hampshire cut its stake in Comcast Co. (NASDAQ:CMCSA) by 13.2% in the second quarter, Holdings Channel reports. The institutional investor owned 6,785 shares of the cable giant’s stock after selling 1,035 shares during the period. Bank of New Hampshire’s holdings in Comcast were worth $266,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Bright Futures Wealth Management LLC. bought a new stake in shares of Comcast during the first quarter worth $480,000. Quent Capital LLC lifted its position in shares of Comcast by 3.0% during the first quarter. Quent Capital LLC now owns 16,795 shares of the cable giant’s stock worth $728,000 after purchasing an additional 485 shares during the last quarter. SRN Advisors LLC lifted its position in shares of Comcast by 5.1% during the first quarter. SRN Advisors LLC now owns 19,966 shares of the cable giant’s stock worth $866,000 after purchasing an additional 962 shares during the last quarter. Cetera Advisor Networks LLC lifted its position in shares of Comcast by 1.7% during the first quarter. Cetera Advisor Networks LLC now owns 666,020 shares of the cable giant’s stock worth $28,872,000 after purchasing an additional 11,417 shares during the last quarter. Finally, Cetera Advisors LLC increased its stake in shares of Comcast by 71.0% during the first quarter. Cetera Advisors LLC now owns 198,430 shares of the cable giant’s stock valued at $8,602,000 after buying an additional 82,357 shares during the period. 84.32% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Comcast

In other news, major shareholder Corp Comcast sold 3,176,923 shares of the company’s 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 transaction, the insider now owns 2,000,000 shares of the company’s stock, valued at approximately $6,380,000. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.26% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CMCSA. Macquarie restated a “neutral” rating and set a $40.00 price target on shares of Comcast in a research note on Wednesday, July 24th. Evercore ISI cut their target price on Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 2nd. Seaport Res Ptn lowered Comcast from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 24th. Benchmark reiterated a “buy” rating and issued a $55.00 target price on shares of Comcast in a research note on Monday, May 13th. Finally, The Goldman Sachs Group initiated coverage on Comcast in a research note on Tuesday, June 25th. They issued a “buy” rating and a $44.00 target price on the stock. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $46.01.

Comcast Price Performance

Shares of Comcast stock traded down $0.36 on Friday, reaching $39.90. The company’s stock had a trading volume of 25,951,665 shares, compared to its average volume of 21,184,204. The company has a market capitalization of $154.51 billion, a P/E ratio of 10.56, a PEG ratio of 1.07 and a beta of 1.00. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.46. The stock has a 50-day moving average price of $38.70 and a 200-day moving average price of $40.56. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.16.

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

Comcast Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.11%. The ex-dividend date is Wednesday, October 2nd. Comcast’s payout ratio is currently 32.80%.

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.