Kathmere Capital Management LLC Has $332,000 Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Kathmere Capital Management LLC decreased its holdings in Comcast Co. (NASDAQ:CMCSA) by 24.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,481 shares of the cable giant’s stock after selling 2,683 shares during the quarter. Kathmere Capital Management LLC’s holdings in Comcast were worth $332,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Wealthspire Advisors LLC increased its position in shares of Comcast by 4.8% during the 4th quarter. Wealthspire Advisors LLC now owns 60,650 shares of the cable giant’s stock worth $2,659,000 after purchasing an additional 2,781 shares in the last quarter. Desjardins Global Asset Management Inc. increased its position in shares of Comcast by 1.5% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 101,182 shares of the cable giant’s stock worth $4,438,000 after purchasing an additional 1,486 shares in the last quarter. Brevan Howard Capital Management LP acquired a new stake in Comcast in the 4th quarter valued at about $2,056,000. Axxcess Wealth Management LLC increased its position in Comcast by 10.5% in the 4th quarter. Axxcess Wealth Management LLC now owns 115,503 shares of the cable giant’s stock valued at $5,065,000 after acquiring an additional 10,936 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its stake in shares of Comcast by 3.4% in the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 11,304,304 shares of the cable giant’s stock valued at $495,694,000 after purchasing an additional 368,685 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on CMCSA shares. Benchmark reaffirmed a “buy” rating and issued a $55.00 price target on shares of Comcast in a research note on Monday, May 13th. KeyCorp lowered their price objective on shares of Comcast from $45.00 to $44.00 and set an “overweight” rating on the stock in a report on Wednesday, July 24th. 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 on the stock. Seaport Res Ptn downgraded shares of Comcast from a “strong-buy” rating to a “hold” rating in a report on Monday, June 24th. Finally, Pivotal Research reduced their price objective on shares of Comcast from $48.00 to $47.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $46.01.

Insider Buying and Selling

In related news, major shareholder Corp Comcast sold 3,176,923 shares of the stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $3.19, for a total value of $10,134,384.37. Following the transaction, the insider now directly owns 2,000,000 shares in the company, valued at approximately $6,380,000. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.26% of the stock is owned by company insiders.

Comcast Trading Down 0.9 %

Shares of Comcast stock traded down $0.36 on Friday, hitting $39.90. The stock had a trading volume of 25,951,665 shares, compared to its average volume of 21,184,204. The stock has a 50 day moving average of $38.70 and a 200 day moving average of $40.56. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.46. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.66 and a current ratio of 0.66. The firm has a market capitalization of $154.51 billion, a P/E ratio of 10.56, a PEG ratio of 1.07 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last released its earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. The business had revenue of $29.69 billion during the quarter, compared to the consensus estimate of $30.02 billion. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The company’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.13 EPS. Sell-side analysts expect that Comcast Co. will post 4.23 earnings per share for the current fiscal year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date of this dividend is Wednesday, October 2nd. Comcast’s dividend payout ratio is currently 32.80%.

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.