Berkshire Asset Management LLC PA Sells 3,663 Shares of Comcast Corporation $CMCSA

Berkshire Asset Management LLC PA decreased its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 12.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,068 shares of the cable giant’s stock after selling 3,663 shares during the quarter. Berkshire Asset Management LLC PA’s holdings in Comcast were worth $858,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Ameriprise Financial Inc. grew its position in shares of Comcast by 12.0% during the 4th quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant’s stock worth $1,890,027,000 after buying an additional 5,402,377 shares in the last quarter. Northern Trust Corp grew its position in shares of Comcast by 12.8% during the 4th quarter. Northern Trust Corp now owns 42,479,501 shares of the cable giant’s stock worth $1,594,256,000 after buying an additional 4,819,443 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Comcast by 16.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 35,356,027 shares of the cable giant’s stock worth $1,326,912,000 after buying an additional 4,991,891 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Comcast by 2.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 33,636,264 shares of the cable giant’s stock worth $1,240,955,000 after buying an additional 926,663 shares in the last quarter. Finally, Nuveen Asset Management LLC grew its position in shares of Comcast by 1.9% during the 4th quarter. Nuveen Asset Management LLC now owns 26,055,944 shares of the cable giant’s stock worth $977,880,000 after buying an additional 497,829 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Trading Up 1.4%

Comcast stock opened at $33.89 on Wednesday. The stock has a 50-day moving average of $34.30 and a two-hundred day moving average of $34.77. 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 one year low of $31.03 and a one year high of $45.31. The stock has a market cap of $125.13 billion, a PE ratio of 5.60, a price-to-earnings-growth ratio of 2.01 and a beta of 0.92.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, July 31st. The cable giant reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.18 by $0.07. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The company had revenue of $30.31 billion during the quarter, compared to analysts’ expectations of $29.81 billion. During the same period last year, the business posted $1.21 earnings per share. The firm’s revenue was up 2.1% compared to the same quarter last year. On average, research analysts anticipate that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The firm 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 dividend on an annualized basis and a yield of 3.9%. Comcast’s dividend payout ratio (DPR) is 21.82%.

Analyst Ratings Changes

CMCSA has been the subject of a number of analyst reports. BNP Paribas Exane decreased their price objective on Comcast from $31.00 to $30.00 and set an “underperform” rating for the company in a research note on Friday, April 25th. Bernstein Bank decreased their price objective on Comcast from $38.00 to $37.00 and set a “market perform” rating for the company in a research note on Friday, April 25th. TD Cowen decreased their price objective on Comcast from $46.00 to $45.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Rothschild & Co Redburn decreased their price objective on Comcast from $44.00 to $35.00 in a research note on Friday, June 20th. Finally, Citigroup decreased their price objective on Comcast from $44.00 to $39.00 and set a “buy” rating for the company in a research note on Friday, April 25th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $40.73.

Comcast 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.