Comcast Co. (NASDAQ:CMCSA) Shares Sold by Bank of New Hampshire

Bank of New Hampshire decreased its position in shares of Comcast Co. (NASDAQ:CMCSA) by 5.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,395 shares of the cable giant’s stock after selling 390 shares during the quarter. Bank of New Hampshire’s holdings in Comcast were worth $267,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Tortoise Investment Management LLC lifted its position in Comcast by 4.5% in the fourth quarter. Tortoise Investment Management LLC now owns 5,801 shares of the cable giant’s stock valued at $254,000 after purchasing an additional 249 shares during the period. Greenwich Wealth Management LLC grew its stake in shares of Comcast by 2.7% during the 2nd quarter. Greenwich Wealth Management LLC now owns 9,754 shares of the cable giant’s stock worth $382,000 after purchasing an additional 261 shares during the period. Verum Partners LLC increased its holdings in shares of Comcast by 4.9% in the 2nd quarter. Verum Partners LLC now owns 5,663 shares of the cable giant’s stock valued at $222,000 after purchasing an additional 267 shares in the last quarter. Mcdonald Partners LLC lifted its stake in shares of Comcast by 1.4% in the first quarter. Mcdonald Partners LLC now owns 19,591 shares of the cable giant’s stock valued at $849,000 after purchasing an additional 270 shares during the period. Finally, Plancorp LLC boosted its holdings in Comcast by 0.4% during the second quarter. Plancorp LLC now owns 74,725 shares of the cable giant’s stock worth $2,926,000 after buying an additional 277 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Down 1.5 %

CMCSA opened at $40.56 on Tuesday. The stock has a market capitalization of $159.14 billion, a price-to-earnings ratio of 10.73, a price-to-earnings-growth ratio of 1.08 and a beta of 1.01. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.11. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.66 and a quick ratio of 0.66. The business has a 50-day moving average of $39.94 and a two-hundred day moving average of $39.51.

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 net margin of 12.46% and a return on equity of 20.17%. The firm had revenue of $29.69 billion during the quarter, compared to analyst estimates of $30.02 billion. During the same quarter in the prior year, the business posted $1.13 earnings per share. Comcast’s revenue for the quarter was down 2.7% compared to the same quarter last year. On average, research analysts expect that Comcast Co. will post 4.23 earnings per share for the current year.

Comcast Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Evercore ISI decreased their price target on Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 2nd. Rosenblatt Securities reiterated a “neutral” rating and set a $45.00 target price on shares of Comcast in a research report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft dropped their price target on Comcast from $50.00 to $49.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. BNP Paribas lowered shares of Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price objective on the stock. in a research report on Tuesday, June 11th. Finally, The Goldman Sachs Group initiated coverage on shares of Comcast in a report on Tuesday, June 25th. They set a “buy” rating and a $44.00 target price for the company. 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, the company currently has an average rating of “Hold” and an average target price 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.