KCM Investment Advisors LLC Sells 10,963 Shares of Comcast Co. (NASDAQ:CMCSA)

KCM Investment Advisors LLC lowered its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 32.2% in the third quarter, Holdings Channel reports. The firm owned 23,117 shares of the cable giant’s stock after selling 10,963 shares during the period. KCM Investment Advisors LLC’s holdings in Comcast were worth $966,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Archer Investment Corp boosted its position in shares of Comcast by 71.7% in the third quarter. Archer Investment Corp now owns 1,394 shares of the cable giant’s stock valued at $58,000 after acquiring an additional 582 shares during the period. Valley Wealth Managers Inc. boosted its position in shares of Comcast by 1.5% in the third quarter. Valley Wealth Managers Inc. now owns 88,662 shares of the cable giant’s stock valued at $3,703,000 after acquiring an additional 1,271 shares during the period. Empowered Funds LLC boosted its position in shares of Comcast by 4.6% in the third quarter. Empowered Funds LLC now owns 800,359 shares of the cable giant’s stock valued at $33,431,000 after acquiring an additional 34,903 shares during the period. Empirical Finance LLC boosted its position in shares of Comcast by 1.5% in the third quarter. Empirical Finance LLC now owns 158,525 shares of the cable giant’s stock valued at $6,622,000 after acquiring an additional 2,311 shares during the period. Finally, Sheaff Brock Investment Advisors LLC boosted its position in shares of Comcast by 5.3% in the third quarter. Sheaff Brock Investment Advisors LLC now owns 10,016 shares of the cable giant’s stock valued at $418,000 after acquiring an additional 500 shares during the period. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

Shares of NASDAQ:CMCSA opened at $42.88 on Friday. The business has a fifty day moving average of $41.61 and a 200-day moving average of $39.87. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a market cap of $164.08 billion, a PE ratio of 11.53, a price-to-earnings-growth ratio of 1.66 and a beta of 1.00. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.11.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The firm had revenue of $32.07 billion during the quarter, compared to analyst estimates of $31.78 billion. During the same period last year, the company earned $1.08 earnings per share. The company’s revenue was up 6.5% on a year-over-year basis. On average, equities research analysts predict that Comcast Co. will post 4.25 EPS for the current fiscal year.

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s dividend payout ratio (DPR) is currently 33.33%.

Analysts Set New Price Targets

CMCSA has been the subject of several research reports. Deutsche Bank Aktiengesellschaft raised their target price on Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. TD Cowen reduced their target price on Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Benchmark reaffirmed a “buy” rating and issued a $55.00 target price on shares of Comcast in a research report on Wednesday, October 30th. Scotiabank raised Comcast from a “sector perform” rating to a “sector outperform” rating and raised their target price for the stock from $47.75 to $48.00 in a research report on Friday, November 1st. Finally, StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $46.75.

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.