828 Shares in Comcast Co. (NASDAQ:CMCSA) Acquired by Kennebec Savings Bank

Kennebec Savings Bank acquired a new position in Comcast Co. (NASDAQ:CMCSA) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 828 shares of the cable giant’s stock, valued at approximately $35,000.

A number of other hedge funds also recently added to or reduced their stakes in the company. Fairscale Capital LLC purchased a new stake in Comcast during the 2nd quarter valued at $26,000. Strategic Financial Concepts LLC purchased a new stake in Comcast during the 2nd quarter valued at $27,000. IAG Wealth Partners LLC raised its stake in Comcast by 204.7% during the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after buying an additional 522 shares during the last quarter. McClarren Financial Advisors Inc. raised its stake in Comcast by 365.4% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after buying an additional 570 shares during the last quarter. Finally, Archer Investment Corp raised its stake in Comcast by 177.1% during the 2nd quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock valued at $32,000 after buying an additional 519 shares during the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Stock Up 0.7 %

CMCSA opened at $44.20 on Tuesday. The firm has a 50-day simple moving average of $41.18 and a two-hundred day simple moving average of $39.70. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.11. The company has a market capitalization of $169.13 billion, a PE ratio of 11.88, a price-to-earnings-growth ratio of 1.66 and a beta of 1.00. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, beating the consensus estimate of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The business had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. During the same quarter in the prior year, the firm earned $1.08 EPS. The business’s revenue was up 6.5% on a year-over-year basis. Analysts forecast that Comcast Co. will post 4.25 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 2.81%. The ex-dividend date is Wednesday, January 8th. Comcast’s dividend payout ratio is 33.33%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on CMCSA shares. Barclays boosted their target price on shares of Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Rosenblatt Securities reissued a “neutral” rating and set a $45.00 price objective on shares of Comcast in a research report on Wednesday, November 6th. Wells Fargo & Company boosted their price objective on shares of Comcast from $43.00 to $46.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Macquarie reissued a “neutral” rating and set a $40.00 price objective on shares of Comcast in a research report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.