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

KCM Investment Advisors LLC reduced its position in Comcast Co. (NASDAQ:CMCSA) by 3.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,301 shares of the cable giant’s stock after selling 816 shares during the quarter. KCM Investment Advisors LLC’s holdings in Comcast were worth $837,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Comcast in the 4th quarter worth $3,835,226,000. Raymond James Financial Inc. purchased a new stake in shares of Comcast in the fourth quarter valued at about $743,681,000. Amundi increased its position in Comcast by 147.9% during the fourth quarter. Amundi now owns 24,086,671 shares of the cable giant’s stock worth $895,499,000 after purchasing an additional 14,369,056 shares during the last quarter. Wilmington Savings Fund Society FSB raised its stake in Comcast by 55,334.5% during the third quarter. Wilmington Savings Fund Society FSB now owns 8,273,052 shares of the cable giant’s stock worth $345,565,000 after purchasing an additional 8,258,128 shares during the period. Finally, First Eagle Investment Management LLC boosted its holdings in Comcast by 7.1% in the 4th quarter. First Eagle Investment Management LLC now owns 34,101,077 shares of the cable giant’s stock valued at $1,279,813,000 after purchasing an additional 2,270,186 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

Shares of NASDAQ CMCSA opened at $33.38 on Friday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. The company has a market cap of $126.21 billion, a price-to-earnings ratio of 8.04, a price-to-earnings-growth ratio of 1.78 and a beta of 0.94. The stock’s 50-day moving average is $35.76 and its two-hundred day moving average is $38.87. Comcast Co. has a 1-year low of $32.50 and a 1-year high of $45.31.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. Analysts forecast that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be paid a dividend of $0.33 per share. The ex-dividend date is Wednesday, April 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.95%. This is an increase from Comcast’s previous quarterly dividend of $0.31. Comcast’s payout ratio is presently 31.81%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Benchmark reduced their price target on shares of Comcast from $57.00 to $55.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Rosenblatt Securities decreased their price target on Comcast from $45.00 to $36.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. Scotiabank downgraded Comcast from a “sector outperform” rating to a “sector perform” rating and cut their price objective for the stock from $48.00 to $44.50 in a research report on Monday, February 3rd. Macquarie decreased their target price on shares of Comcast from $42.00 to $36.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Finally, Barclays dropped their price target on shares of Comcast from $42.00 to $37.00 and set an “equal weight” rating for the company in a research report on Monday, February 3rd. Ten equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $43.08.

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.