Daymark Wealth Partners LLC Sells 2,029 Shares of Comcast Corporation $CMCSA

Daymark Wealth Partners LLC lessened its holdings in Comcast Corporation (NASDAQ:CMCSA) by 9.0% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 20,463 shares of the cable giant’s stock after selling 2,029 shares during the period. Daymark Wealth Partners LLC’s holdings in Comcast were worth $730,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. QRG Capital Management Inc. increased its holdings in Comcast by 13.0% in the 2nd quarter. QRG Capital Management Inc. now owns 724,760 shares of the cable giant’s stock worth $25,867,000 after acquiring an additional 83,631 shares in the last quarter. Advisor OS LLC grew its holdings in Comcast by 33.2% during the 1st quarter. Advisor OS LLC now owns 35,440 shares of the cable giant’s stock valued at $1,308,000 after buying an additional 8,841 shares in the last quarter. Aberdeen Group plc grew its holdings in Comcast by 5.4% during the 2nd quarter. Aberdeen Group plc now owns 2,889,947 shares of the cable giant’s stock valued at $103,142,000 after buying an additional 147,231 shares in the last quarter. Resona Asset Management Co. Ltd. grew its holdings in Comcast by 10.2% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 1,282,073 shares of the cable giant’s stock valued at $47,254,000 after buying an additional 118,839 shares in the last quarter. Finally, Davidson Investment Advisors grew its holdings in Comcast by 37.4% during the 2nd quarter. Davidson Investment Advisors now owns 457,691 shares of the cable giant’s stock valued at $16,335,000 after buying an additional 124,484 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on CMCSA. Loop Capital lowered their target price on Comcast from $44.00 to $43.00 and set a “buy” rating for the company in a research report on Wednesday, October 1st. Arete lowered their target price on Comcast from $39.00 to $33.00 and set a “neutral” rating for the company in a research report on Tuesday. Benchmark reiterated a “buy” rating on shares of Comcast in a research report on Friday, July 18th. Rosenblatt Securities lowered their target price on Comcast from $38.00 to $33.00 and set a “neutral” rating for the company in a research report on Friday, October 17th. Finally, The Goldman Sachs Group lowered their target price on Comcast from $40.00 to $39.00 and set a “buy” rating for the company in a research report on Wednesday, September 24th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, sixteen have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $39.52.

Comcast Stock Down 4.2%

Shares of CMCSA opened at $27.32 on Friday. The company has a market cap of $100.87 billion, a PE ratio of 4.52, a P/E/G ratio of 1.69 and a beta of 0.94. The business has a fifty day moving average of $31.53 and a 200 day moving average of $33.37. Comcast Corporation has a 52-week low of $25.75 and a 52-week high of $45.31. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.99.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) for the quarter. The company 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%. On average, sell-side analysts expect that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 14th will be given a $0.33 dividend. The ex-dividend date is Wednesday, January 14th. This represents a $1.32 dividend on an annualized basis and a yield of 4.8%. Comcast’s dividend payout ratio (DPR) is currently 21.82%.

Comcast Company 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.