BKM Wealth Management LLC Sells 14,766 Shares of Comcast Corporation $CMCSA

Key Points

• BKM Wealth Management LLC significantly reduced its holdings in Comcast Corporation by 63.7%, selling 14,766 shares and leaving it with 8,421 shares valued at approximately $301,000.
• Recent analyst ratings reflect a mix of opinions, with one being a Strong Buy, twelve rated it Buy, fourteen Hold, and three Sell, while the consensus target price stands at $39.76.
• Comcast Corporation announced a quarterly dividend of $0.33 per share, representing an annualized dividend yield of 4.5%, set to be paid on October 22nd.

BKM Wealth Management LLC reduced its holdings in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 63.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,421 shares of the cable giant's stock after selling 14,766 shares during the quarter. BKM Wealth Management LLC's holdings in Comcast were worth $301,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC increased its position in Comcast by 150.9% during the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant's stock worth $6,240,000 after purchasing an additional 99,986 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Comcast by 19.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 883,677 shares of the cable giant's stock valued at $32,608,000 after acquiring an additional 143,593 shares during the last quarter. Cornerstone Wealth Management LLC boosted its holdings in shares of Comcast by 4.0% during the 1st quarter. Cornerstone Wealth Management LLC now owns 8,440 shares of the cable giant's stock valued at $311,000 after acquiring an additional 323 shares in the last quarter. Kingswood Wealth Advisors LLC grew its position in Comcast by 26.7% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 17,046 shares of the cable giant's stock worth $628,000 after acquiring an additional 3,588 shares during the last quarter. Finally, Advisor Resource Council acquired a new position in Comcast in the 1st quarter worth about $612,000. Institutional investors own 84.32% of the company's stock.

Analyst Ratings Changes

CMCSA has been the topic of a number of recent research reports. Weiss Ratings reissued a "hold (c-)" rating on shares of Comcast in a research note on Tuesday, October 14th. UBS Group set a $43.00 target price on shares of Comcast in a research report on Friday, October 3rd. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Comcast from $46.00 to $44.00 and set a "buy" rating for the company in a research report on Monday, October 6th. Barclays cut their price target on shares of Comcast from $35.00 to $34.00 and set an "equal weight" rating on the stock in a report on Friday, August 1st. Finally, Citigroup reissued a "buy" rating on shares of Comcast in a research note on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $39.76.

Comcast Stock Up 1.0%

Shares of NASDAQ CMCSA opened at $29.54 on Friday. The company's 50 day moving average price is $32.23 and its 200-day moving average price is $33.68. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.91 and a current ratio of 0.91. Comcast Corporation has a 52-week low of $29.15 and a 52-week high of $45.31. The company has a market capitalization of $109.07 billion, a P/E ratio of 4.88, a price-to-earnings-growth ratio of 1.75 and a beta of 0.94.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 earnings per share for the quarter. The company had revenue of $30.34 billion during the quarter. Comcast had a net margin of 18.44% and a return on equity of 18.86%. Equities analysts forecast that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 1st will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Wednesday, October 1st. Comcast's payout ratio is currently 21.82%.

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.

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