KKM Financial LLC Has $3.30 Million Holdings in Comcast Corporation $CMCSA

KKM Financial LLC raised its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 32.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 104,854 shares of the cable giant’s stock after purchasing an additional 25,625 shares during the period. KKM Financial LLC’s holdings in Comcast were worth $3,295,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Comcast by 0.3% during the 2nd quarter. Vanguard Group Inc. now owns 369,438,921 shares of the cable giant’s stock valued at $13,185,275,000 after purchasing an additional 1,257,196 shares in the last quarter. State Street Corp raised its holdings in Comcast by 2.5% during the second quarter. State Street Corp now owns 172,769,800 shares of the cable giant’s stock worth $6,166,154,000 after acquiring an additional 4,231,140 shares in the last quarter. Dodge & Cox boosted its position in Comcast by 1.2% during the third quarter. Dodge & Cox now owns 112,567,918 shares of the cable giant’s stock valued at $3,536,884,000 after purchasing an additional 1,295,598 shares during the last quarter. Norges Bank acquired a new position in Comcast during the second quarter valued at approximately $3,528,361,000. Finally, Charles Schwab Investment Management Inc. grew its stake in Comcast by 7.5% in the second quarter. Charles Schwab Investment Management Inc. now owns 36,154,170 shares of the cable giant’s stock valued at $1,289,984,000 after purchasing an additional 2,517,906 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

Shares of NASDAQ:CMCSA opened at $30.16 on Monday. Comcast Corporation has a 12 month low of $25.75 and a 12 month high of $37.72. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. The stock has a market cap of $108.51 billion, a P/E ratio of 5.62, a P/E/G ratio of 2.35 and a beta of 0.79. The company has a 50 day moving average of $30.13 and a 200 day moving average of $29.82.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, January 29th. The cable giant reported $0.84 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $32.35 billion. During the same quarter last year, the company posted $0.96 EPS. The business’s quarterly revenue was up 1.2% on a year-over-year basis. As a group, sell-side analysts forecast that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 1st will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Wednesday, April 1st. Comcast’s dividend payout ratio is presently 24.58%.

Insider Buying and Selling at Comcast

In related news, CEO Michael J. Cavanagh sold 57,947 shares of the business’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 sale, the chief executive officer owned 622,336 shares in the company, valued at $20,325,493.76. The trade was a 8.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CMCSA shares. Weiss Ratings restated a “hold (c-)” rating on shares of Comcast in a research note on Friday, January 9th. UBS Group lowered their price target on shares of Comcast from $36.00 to $32.00 and set a “neutral” rating for the company in a report on Friday, January 30th. Citigroup reiterated a “buy” rating and set a $33.00 price target (up from $32.79) on shares of Comcast in a report on Friday, January 30th. Pivotal Research lowered shares of Comcast from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 30th. Finally, Royal Bank Of Canada reduced their price objective on shares of Comcast from $32.00 to $31.00 and set a “sector perform” rating for the company in a research report on Friday, January 16th. Ten equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $34.87.

Comcast Company 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.