KKM Financial LLC Increases Position in Comcast Corporation $CMCSA

KKM Financial LLC increased its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 32.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 104,854 shares of the cable giant’s stock after acquiring an additional 25,625 shares during the quarter. KKM Financial LLC’s holdings in Comcast were worth $3,295,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the business. Osaic Holdings Inc. grew its position in Comcast by 39.9% during the second quarter. Osaic Holdings Inc. now owns 1,055,192 shares of the cable giant’s stock valued at $37,954,000 after acquiring an additional 300,898 shares during the period. Vanguard Group Inc. boosted its position in shares of Comcast by 0.3% in the second quarter. Vanguard Group Inc. now owns 369,438,921 shares of the cable giant’s stock worth $13,185,275,000 after buying an additional 1,257,196 shares during the period. Principal Financial Group Inc. grew its stake in shares of Comcast by 9.7% in the third quarter. Principal Financial Group Inc. now owns 7,536,937 shares of the cable giant’s stock valued at $236,810,000 after buying an additional 665,635 shares in the last quarter. Ashton Thomas Private Wealth LLC raised its holdings in shares of Comcast by 75.3% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 340,764 shares of the cable giant’s stock valued at $10,707,000 after buying an additional 146,339 shares during the period. Finally, Candriam S.C.A. lifted its position in Comcast by 3.5% during the 3rd quarter. Candriam S.C.A. now owns 952,154 shares of the cable giant’s stock worth $29,917,000 after acquiring an additional 32,262 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have issued reports on CMCSA shares. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Comcast from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Friday, January 30th. UBS Group reduced their price target on Comcast from $36.00 to $32.00 and set a “neutral” rating for the company in a report on Friday, January 30th. Sanford C. Bernstein dropped their price objective on Comcast from $34.00 to $32.00 and set a “market perform” rating on the stock in a report on Thursday, January 15th. Daiwa Securities Group cut their price objective on Comcast from $38.00 to $30.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 18th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Comcast in a research report on Friday, January 9th. Ten analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $34.87.

Comcast Price Performance

CMCSA stock opened at $30.16 on Monday. The stock has a market capitalization of $108.51 billion, a price-to-earnings ratio of 5.62, a price-to-earnings-growth ratio of 2.35 and a beta of 0.79. The company has a 50-day moving average of $30.13 and a two-hundred day moving average of $29.82. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88. Comcast Corporation has a 52-week low of $25.75 and a 52-week high of $37.72.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, January 29th. The cable giant reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.09. Comcast had a net margin of 16.17% and a return on equity of 16.86%. The firm had revenue of $32.31 billion during the quarter, compared to the consensus estimate of $32.35 billion. During the same period in the prior year, the firm earned $0.96 EPS. The business’s revenue was up 1.2% on a year-over-year basis. As a group, equities research analysts anticipate that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors of record on Wednesday, April 1st will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $1.32 dividend on an annualized basis and a yield of 4.4%. Comcast’s dividend payout ratio (DPR) is 24.58%.

Insider Transactions at Comcast

In other Comcast news, CEO Michael J. Cavanagh sold 57,947 shares of the company’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $32.66, for a total value of $1,892,549.02. Following the completion of the transaction, the chief executive officer owned 622,336 shares of the company’s stock, valued at $20,325,493.76. This represents a 8.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.26% of the stock is owned by corporate insiders.

Comcast Profile

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.