Berger Financial Group Inc Has $267,000 Stock Position in Comcast Corporation $CMCSA

Berger Financial Group Inc lowered its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 94.1% in the first quarter, HoldingsChannel reports. The firm owned 9,316 shares of the cable giant’s stock after selling 148,164 shares during the period. Berger Financial Group Inc’s holdings in Comcast were worth $267,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of CMCSA. Imprint Wealth LLC bought a new stake in Comcast in the third quarter valued at approximately $26,000. United Financial Planning Group LLC bought a new position in shares of Comcast during the 3rd quarter worth approximately $28,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of Comcast during the 4th quarter worth approximately $27,000. Olistico Wealth LLC bought a new stake in Comcast in the 4th quarter valued at $29,000. Finally, Richardson Financial Services Inc. raised its stake in Comcast by 212.6% in the 4th quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 691 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Ratings Changes

CMCSA has been the subject of a number of research analyst reports. Morgan Stanley lifted their price objective on shares of Comcast from $31.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Friday, April 24th. BNP Paribas Exane cut their target price on shares of Comcast from $26.00 to $25.00 and set an “underperform” rating for the company in a research note on Wednesday, April 8th. The Goldman Sachs Group reduced their target price on shares of Comcast from $29.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday, July 2nd. Freedom Capital upgraded shares of Comcast to a “hold” rating in a research note on Friday, June 12th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Comcast from a “hold” rating to a “buy” rating and lowered their price target for the company from $34.00 to $32.00 in a report on Tuesday, June 30th. Eleven analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Comcast presently has a consensus rating of “Hold” and a consensus target price of $34.15.

Comcast Trading Down 1.7%

Shares of Comcast stock opened at $23.38 on Tuesday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a 50-day moving average of $24.75 and a 200-day moving average of $27.92. Comcast Corporation has a 52-week low of $22.13 and a 52-week high of $36.14. The stock has a market cap of $83.52 billion, a PE ratio of 4.60, a PEG ratio of 1.95 and a beta of 0.67.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.06. Comcast had a net margin of 15.00% and a return on equity of 15.47%. The business had revenue of $31.46 billion for the quarter, compared to analyst estimates of $30.42 billion. During the same period last year, the firm earned $1.09 earnings per share. Comcast’s revenue for the quarter was up 5.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Comcast Corporation will post 3.5 EPS for the current year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 1st will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $1.32 annualized dividend and a dividend yield of 5.6%. Comcast’s dividend payout ratio (DPR) is currently 25.98%.

About Comcast

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.