KLCM Advisors Inc. Raises Holdings in Comcast Co. (NASDAQ:CMCSA)

KLCM Advisors Inc. lifted its stake in Comcast Co. (NASDAQ:CMCSA) by 32.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,593 shares of the cable giant’s stock after buying an additional 2,096 shares during the quarter. KLCM Advisors Inc.’s holdings in Comcast were worth $322,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of CMCSA. Taurus Asset Management LLC lifted its stake in Comcast by 2.9% in the 3rd quarter. Taurus Asset Management LLC now owns 9,125 shares of the cable giant’s stock valued at $381,000 after buying an additional 253 shares in the last quarter. Abich Financial Wealth Management LLC lifted its stake in shares of Comcast by 4.7% during the 3rd quarter. Abich Financial Wealth Management LLC now owns 5,829 shares of the cable giant’s stock worth $243,000 after purchasing an additional 260 shares during the period. Arvest Investments Inc. lifted its stake in shares of Comcast by 1.0% during the 3rd quarter. Arvest Investments Inc. now owns 27,211 shares of the cable giant’s stock worth $1,137,000 after purchasing an additional 268 shares during the period. McIlrath & Eck LLC lifted its stake in shares of Comcast by 14.8% during the 3rd quarter. McIlrath & Eck LLC now owns 2,183 shares of the cable giant’s stock worth $91,000 after purchasing an additional 282 shares during the period. Finally, Mengis Capital Management Inc. lifted its stake in shares of Comcast by 1.5% during the 3rd quarter. Mengis Capital Management Inc. now owns 19,060 shares of the cable giant’s stock worth $796,000 after purchasing an additional 283 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on CMCSA. The Goldman Sachs Group reduced their price target on Comcast from $50.00 to $44.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Morgan Stanley reduced their price target on Comcast from $45.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 3rd. Evercore ISI raised Comcast to a “strong-buy” rating in a research report on Thursday, November 21st. Finally, Pivotal Research increased their target price on Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Nine analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.13.

Insiders Place Their Bets

In other Comcast news, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total value of $1,087,620.83. Following the transaction, the president now owns 534,849 shares in the company, valued at approximately $22,779,218.91. The trade was a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Brian L. Roberts sold 234,464 shares of Comcast stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total transaction of $10,002,234.24. Following the transaction, the chief executive officer now owns 6,669,928 shares in the company, valued at approximately $284,539,128.48. The trade was a 3.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by company insiders.

Comcast Stock Performance

CMCSA opened at $35.39 on Monday. The business’s 50 day moving average is $36.93 and its 200-day moving average is $39.71. The stock has a market cap of $133.81 billion, a PE ratio of 8.53, a price-to-earnings-growth ratio of 1.69 and a beta of 1.00. The company has a current ratio of 0.68, a quick ratio of 0.72 and a debt-to-equity ratio of 1.09. Comcast Co. has a twelve month low of $32.50 and a twelve month high of $45.31.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. On average, analysts predict that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be given a $0.33 dividend. This is a positive change from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. This represents a $1.32 annualized dividend and a yield of 3.73%. Comcast’s payout ratio is 29.88%.

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.