Bar Harbor Wealth Management Sells 2,022 Shares of Comcast Corporation $CMCSA

Bar Harbor Wealth Management lowered its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 22.4% in the second quarter, Holdings Channel reports. The firm owned 6,989 shares of the cable giant’s stock after selling 2,022 shares during the period. Bar Harbor Wealth Management’s holdings in Comcast were worth $249,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in CMCSA. Nuveen LLC bought a new stake in Comcast during the first quarter worth approximately $940,015,000. Dodge & Cox boosted its position in Comcast by 19.1% during the first quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant’s stock worth $3,476,635,000 after purchasing an additional 15,115,074 shares during the period. Pacer Advisors Inc. boosted its position in Comcast by 1,959.3% during the first quarter. Pacer Advisors Inc. now owns 13,228,732 shares of the cable giant’s stock worth $488,140,000 after purchasing an additional 12,586,329 shares during the period. KBC Group NV boosted its position in Comcast by 724.7% during the first quarter. KBC Group NV now owns 10,160,649 shares of the cable giant’s stock worth $374,927,000 after purchasing an additional 8,928,641 shares during the period. Finally, Acadian Asset Management LLC boosted its position in Comcast by 119.1% during the first quarter. Acadian Asset Management LLC now owns 7,595,322 shares of the cable giant’s stock worth $280,238,000 after purchasing an additional 4,128,434 shares during the period. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

Shares of NASDAQ CMCSA opened at $30.08 on Friday. The business has a fifty day simple moving average of $32.54 and a 200 day simple moving average of $34.00. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $111.06 billion, a price-to-earnings ratio of 4.97, a PEG ratio of 1.83 and a beta of 0.94. Comcast Corporation has a one year low of $30.06 and a one year high of $45.31.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. The business had revenue of $30.34 billion during the quarter. Comcast had a return on equity of 18.86% and a net margin of 18.44%. Sell-side analysts expect that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Wednesday, October 1st. Comcast’s dividend payout ratio is presently 21.82%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Comcast in a report on Saturday, September 27th. Scotiabank reiterated a “sector perform” rating and set a $45.50 price target (up from $45.00) on shares of Comcast in a report on Monday. Arete Research upgraded Comcast to a “hold” rating in a report on Tuesday, July 8th. Barclays cut their price target on Comcast from $35.00 to $34.00 and set an “equal weight” rating for the company in a report on Friday, August 1st. Finally, Loop Capital cut their price target on Comcast from $44.00 to $43.00 and set a “buy” rating for the company in a report on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $39.94.

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.