Daymark Wealth Partners LLC Sells 5,951 Shares of Comcast Co. (NASDAQ:CMCSA)

Daymark Wealth Partners LLC lowered its stake in Comcast Co. (NASDAQ:CMCSA) by 18.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 26,102 shares of the cable giant’s stock after selling 5,951 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Comcast were worth $1,090,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Bontempo Ohly Capital Mgmt LLC increased its stake in shares of Comcast by 2.3% during the fourth quarter. Bontempo Ohly Capital Mgmt LLC now owns 102,623 shares of the cable giant’s stock valued at $4,500,000 after buying an additional 2,285 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its position in Comcast by 215.7% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,622,246 shares of the cable giant’s stock valued at $158,835,000 after purchasing an additional 2,474,946 shares during the period. Harris Associates L P raised its holdings in Comcast by 10.9% in the 4th quarter. Harris Associates L P now owns 18,873,787 shares of the cable giant’s stock worth $827,616,000 after purchasing an additional 1,854,671 shares in the last quarter. Profund Advisors LLC raised its holdings in Comcast by 20.2% in the 4th quarter. Profund Advisors LLC now owns 355,086 shares of the cable giant’s stock worth $15,571,000 after purchasing an additional 59,681 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its position in shares of Comcast by 0.3% in the 4th quarter. Public Employees Retirement System of Ohio now owns 2,198,085 shares of the cable giant’s stock worth $96,386,000 after purchasing an additional 6,091 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

Shares of CMCSA stock opened at $41.10 on Friday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.66 and a current ratio of 0.66. The company has a market capitalization of $161.26 billion, a price-to-earnings ratio of 10.87, a price-to-earnings-growth ratio of 1.08 and a beta of 1.01. Comcast Co. has a one year low of $36.43 and a one year high of $47.11. The company’s 50-day moving average is $39.95 and its 200 day moving average is $39.49.

Comcast (NASDAQ:CMCSA) last announced 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 company had revenue of $29.69 billion during the quarter, compared to the consensus estimate of $30.02 billion. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.13 earnings per share. Sell-side analysts expect that Comcast Co. will post 4.23 EPS for the current fiscal 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 issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date is Wednesday, October 2nd. Comcast’s payout ratio is currently 32.80%.

Analyst Ratings Changes

CMCSA has been the topic of several research analyst reports. The Goldman Sachs Group assumed coverage on shares of Comcast in a research report on Tuesday, June 25th. They set a “buy” rating and a $44.00 price target on the stock. Pivotal Research decreased their target price on Comcast from $48.00 to $47.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Seaport Res Ptn cut Comcast from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 24th. KeyCorp reduced their price target on Comcast from $45.00 to $44.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 24th. Finally, 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. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat, Comcast presently has a consensus rating of “Hold” and an average price target of $45.55.

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.