Berkeley Capital Partners LLC Raises Stock Position in Comcast Corporation $CMCSA

Berkeley Capital Partners LLC raised its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 2.1% during the 2nd quarter, HoldingsChannel reports. The fund owned 43,399 shares of the cable giant’s stock after acquiring an additional 890 shares during the quarter. Berkeley Capital Partners LLC’s holdings in Comcast were worth $1,549,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of CMCSA. Brighton Jones LLC boosted its stake in shares of 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 acquiring an additional 99,986 shares during the last quarter. Inlight Wealth Management LLC purchased a new position in shares of Comcast during the 1st quarter worth $26,000. Live Oak Private Wealth LLC boosted its stake in shares of Comcast by 47.0% during the 1st quarter. Live Oak Private Wealth LLC now owns 63,847 shares of the cable giant’s stock worth $2,356,000 after acquiring an additional 20,416 shares during the last quarter. Flagship Harbor Advisors LLC boosted its stake in shares of Comcast by 2.6% during the 1st quarter. Flagship Harbor Advisors LLC now owns 40,051 shares of the cable giant’s stock worth $1,478,000 after acquiring an additional 1,025 shares during the last quarter. Finally, Palumbo Wealth Management LLC boosted its stake in shares of Comcast by 43.6% during the 1st quarter. Palumbo Wealth Management LLC now owns 65,772 shares of the cable giant’s stock worth $2,427,000 after acquiring an additional 19,982 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CMCSA. Benchmark reiterated a “buy” rating on shares of Comcast in a research note on Friday, July 18th. Arete Research upgraded shares of Comcast to a “hold” rating in a research report on Tuesday, July 8th. Sanford C. Bernstein decreased their price objective on shares of Comcast from $37.00 to $36.00 and set a “market perform” rating on the stock in a research report on Wednesday, September 10th. Loop Capital decreased their price objective on shares of Comcast from $44.00 to $43.00 and set a “buy” rating on the stock in a research report on Wednesday, October 1st. Finally, Scotiabank restated a “sector perform” rating and set a $45.50 price objective (up from $45.00) on shares of Comcast in a research report on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $39.76.

Comcast Stock Up 0.1%

Shares of CMCSA stock opened at $29.57 on Tuesday. The stock has a market cap of $109.18 billion, a P/E ratio of 4.89, a PEG ratio of 1.75 and a beta of 0.94. Comcast Corporation has a 52 week low of $29.15 and a 52 week high of $45.31. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.99. The company’s fifty day simple moving average is $32.19 and its two-hundred day simple moving average is $33.63.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. The business had revenue of $30.34 billion for the quarter. Comcast had a net margin of 18.44% and a return on equity of 18.86%. Analysts predict that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be paid a $0.33 dividend. The ex-dividend date is Wednesday, October 1st. This represents a $1.32 annualized dividend and a yield of 4.5%. Comcast’s payout ratio is presently 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.