Berkeley Capital Partners LLC Has $707,000 Holdings in Comcast Corporation $CMCSA

Berkeley Capital Partners LLC reduced its holdings in Comcast Corporation (NASDAQ:CMCSA) by 48.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,670 shares of the cable giant’s stock after selling 22,034 shares during the quarter. Berkeley Capital Partners LLC’s holdings in Comcast were worth $707,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of CMCSA. Imprint Wealth LLC acquired a new position in shares of Comcast in the 3rd quarter worth approximately $26,000. United Financial Planning Group LLC acquired a new position in shares of Comcast in the 3rd quarter worth approximately $28,000. Olistico Wealth LLC acquired a new position in shares of Comcast in the 4th quarter worth approximately $29,000. Richardson Financial Services Inc. boosted its holdings in shares of Comcast by 212.6% in the 4th quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant’s stock worth $30,000 after acquiring an additional 691 shares in the last quarter. Finally, Lodestone Wealth Management LLC acquired a new position in shares of Comcast in the 4th quarter worth approximately $33,000. 84.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Morgan Stanley upped their price objective on Comcast from $31.00 to $33.00 and gave the stock an “equal weight” rating in a report on Friday, April 24th. Royal Bank Of Canada upped their price objective on Comcast from $31.00 to $32.00 and gave the stock a “sector perform” rating in a report on Friday, April 24th. Citigroup upped their price objective on Comcast from $33.00 to $35.50 and gave the stock a “buy” rating in a report on Friday, April 24th. Sanford C. Bernstein reduced their price objective on Comcast from $34.00 to $32.00 and set a “market perform” rating on the stock in a report on Thursday, January 15th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $29.00 price objective on shares of Comcast in a report on Thursday, April 23rd. Nine equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $34.79.

Comcast Stock Performance

Shares of Comcast stock opened at $24.94 on Thursday. The firm has a fifty day moving average of $28.62 and a two-hundred day moving average of $28.80. The stock has a market capitalization of $89.09 billion, a price-to-earnings ratio of 4.91, a PEG ratio of 2.00 and a beta of 0.71. Comcast Corporation has a 52 week low of $24.53 and a 52 week high of $36.66. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.87 and a current ratio of 0.87.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, April 23rd. The cable giant reported $0.79 EPS for the quarter, beating the consensus estimate of $0.73 by $0.06. The company had revenue of $31.46 billion during the quarter, compared to analysts’ expectations of $30.42 billion. Comcast had a net margin of 15.00% and a return on equity of 15.47%. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.09 EPS. As a group, equities research analysts predict that Comcast Corporation will post 3.58 EPS for the current year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 1st will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, July 1st. This represents a $1.32 annualized dividend and a dividend yield of 5.3%. Comcast’s payout ratio is presently 25.98%.

Comcast Company Profile

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.