Comcast Co. (NASDAQ:CMCSA) Shares Sold by KCM Investment Advisors LLC

KCM Investment Advisors LLC lowered its position in shares of Comcast Co. (NASDAQ:CMCSA) by 3.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,301 shares of the cable giant’s stock after selling 816 shares during the period. KCM Investment Advisors LLC’s holdings in Comcast were worth $837,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Promus Capital LLC purchased a new position in Comcast during the 4th quarter worth $25,000. Winch Advisory Services LLC grew its holdings in shares of Comcast by 269.9% during the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after buying an additional 502 shares during the last quarter. Roxbury Financial LLC acquired a new position in Comcast in the 4th quarter valued at about $27,000. Wingate Wealth Advisors Inc. purchased a new stake in Comcast during the 4th quarter valued at approximately $28,000. Finally, Dunhill Financial LLC lifted its position in Comcast by 54.8% during the 3rd quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock worth $34,000 after acquiring an additional 288 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analysts Set New Price Targets

CMCSA has been the subject of several analyst reports. Citigroup cut their price target on Comcast from $47.00 to $44.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Rosenblatt Securities cut their price objective on shares of Comcast from $45.00 to $36.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. Sanford C. Bernstein set a $38.00 target price on shares of Comcast in a report on Friday, January 31st. The Goldman Sachs Group cut their price target on shares of Comcast from $50.00 to $44.00 and set a “buy” rating for the company in a report on Friday, January 31st. Finally, Benchmark lowered their price objective on Comcast from $57.00 to $55.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Ten investment analysts have rated the stock with a hold rating, eight have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.08.

Comcast Price Performance

Comcast stock opened at $33.38 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. The firm’s 50-day simple moving average is $35.76 and its 200 day simple moving average is $38.87. Comcast Co. has a 52 week low of $32.50 and a 52 week high of $45.31. The firm has a market capitalization of $126.21 billion, a PE ratio of 8.04, a P/E/G ratio of 1.78 and a beta of 0.94.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. On average, equities research analysts predict that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.95%. This is a boost from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, April 2nd. Comcast’s payout ratio is 31.81%.

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.