Berkshire Asset Management LLC PA Has $1.08 Million Stake in Comcast Co. (NASDAQ:CMCSA)

Berkshire Asset Management LLC PA trimmed its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 12.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 28,731 shares of the cable giant’s stock after selling 4,182 shares during the quarter. Berkshire Asset Management LLC PA’s holdings in Comcast were worth $1,081,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CMCSA. World Investment Advisors LLC raised its holdings in Comcast by 904.0% in the third quarter. World Investment Advisors LLC now owns 254,545 shares of the cable giant’s stock worth $10,632,000 after purchasing an additional 229,192 shares during the period. Bfsg LLC boosted its position in shares of Comcast by 752.8% during the fourth quarter. Bfsg LLC now owns 83,366 shares of the cable giant’s stock worth $3,129,000 after buying an additional 73,590 shares during the period. Mission Wealth Management LP grew its holdings in shares of Comcast by 8.3% during the fourth quarter. Mission Wealth Management LP now owns 43,509 shares of the cable giant’s stock worth $1,633,000 after buying an additional 3,344 shares in the last quarter. Robinson Value Management Ltd. raised its position in Comcast by 136.7% in the 4th quarter. Robinson Value Management Ltd. now owns 102,360 shares of the cable giant’s stock valued at $3,842,000 after buying an additional 59,107 shares during the last quarter. Finally, Tidal Investments LLC lifted its stake in Comcast by 15.2% in the 3rd quarter. Tidal Investments LLC now owns 171,440 shares of the cable giant’s stock valued at $7,161,000 after acquiring an additional 22,684 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Stock Up 3.6 %

Shares of CMCSA opened at $37.59 on Friday. The firm has a market cap of $142.13 billion, a P/E ratio of 9.06, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. Comcast Co. has a 52 week low of $32.50 and a 52 week high of $45.31. The firm’s 50-day simple moving average is $36.12 and its 200 day simple moving average is $39.35.

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, topping the consensus estimate 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 forecast 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. Investors of record on Wednesday, April 2nd will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.51%. This is a positive change from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, April 2nd. Comcast’s dividend payout ratio (DPR) is currently 31.81%.

Analyst Ratings Changes

Several research analysts recently commented on CMCSA shares. The Goldman Sachs Group reduced their target price on shares of Comcast from $50.00 to $44.00 and set a “buy” rating for the company in a report on Friday, January 31st. Rosenblatt Securities decreased their price objective on Comcast from $45.00 to $36.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. Bank of America lowered Comcast from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $50.00 to $38.00 in a report on Friday, January 31st. Scotiabank downgraded Comcast from a “sector outperform” rating to a “sector perform” rating and decreased their price target for the company from $48.00 to $44.50 in a research note on Monday, February 3rd. Finally, JPMorgan Chase & Co. dropped their price objective on Comcast from $45.00 to $39.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.83.

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.