Bar Harbor Trust Services reduced its position in shares of Comcast Co. (NASDAQ:CMCSA) by 1.1% in the 2nd quarter, HoldingsChannel reports. The firm owned 163,398 shares of the cable giant’s stock after selling 1,879 shares during the period. Comcast comprises approximately 3.0% of Bar Harbor Trust Services’ holdings, making the stock its 9th largest position. Bar Harbor Trust Services’ holdings in Comcast were worth $9,317,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently modified their holdings of CMCSA. Wagner Wealth Management LLC purchased a new position in Comcast during the first quarter worth approximately $28,000. Newton One Investments LLC acquired a new position in shares of Comcast in the 2nd quarter valued at about $28,000. Lumature Wealth Partners LLC acquired a new position in Comcast during the 1st quarter valued at about $31,000. Baron Financial Group LLC raised its position in shares of Comcast by 688.6% during the 2nd quarter. Baron Financial Group LLC now owns 552 shares of the cable giant’s stock worth $31,000 after buying an additional 482 shares in the last quarter. Finally, Axiom Investment Management LLC bought a new stake in shares of Comcast during the 1st quarter worth about $37,000. 82.49% of the stock is owned by institutional investors.
A number of research analysts recently commented on CMCSA shares. Loop Capital initiated coverage on shares of Comcast in a research report on Monday. They set a “buy” rating and a $71.00 price objective on the stock. Raymond James upped their target price on shares of Comcast from $63.00 to $65.00 and gave the company an “outperform” rating in a research note on Friday, July 9th. Truist increased their price objective on shares of Comcast from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, July 30th. Credit Suisse Group increased their price objective on shares of Comcast from $67.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, July 30th. Finally, HSBC upped their target price on shares of Comcast from $56.00 to $64.00 and gave the company a “buy” rating in a research report on Monday, May 24th. One equities research analyst has rated the stock with a sell rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $65.20.
Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, July 29th. The cable giant reported $0.84 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.17. Comcast had a return on equity of 14.15% and a net margin of 11.44%. The business had revenue of $28.55 billion for the quarter, compared to analysts’ expectations of $27.14 billion. As a group, sell-side analysts expect that Comcast Co. will post 3.14 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 27th. Investors of record on Wednesday, October 6th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.78%. The ex-dividend date of this dividend is Tuesday, October 5th. Comcast’s payout ratio is presently 38.31%.
Comcast Company Profile
Comcast Corp. is a media, entertainment, and communications company, which engages in the provision of video, Internet, and phone services. It operates through the following segments: Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks and Sky. The Cable Communications segment provides video, Internet, voice, and security and automation services under the Xfinity brand.
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