Comcast Co. (NASDAQ:CMCSA) Shares Sold by Berkshire Bank

Berkshire Bank lowered its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 4.0% during the third quarter, Holdings Channel reports. The fund owned 4,774 shares of the cable giant’s stock after selling 199 shares during the quarter. Berkshire Bank’s holdings in Comcast were worth $267,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Newton One Investments LLC acquired a new stake in Comcast in the 2nd quarter worth about $28,000. Baron Financial Group LLC boosted its stake in Comcast by 688.6% in the 2nd quarter. Baron Financial Group LLC now owns 552 shares of the cable giant’s stock worth $31,000 after buying an additional 482 shares during the last quarter. Axiom Investment Management LLC acquired a new stake in Comcast in the 1st quarter worth about $37,000. Lake Point Wealth Management purchased a new position in shares of Comcast in the 2nd quarter worth about $41,000. Finally, Bogart Wealth LLC raised its holdings in shares of Comcast by 53.4% in the 2nd quarter. Bogart Wealth LLC now owns 862 shares of the cable giant’s stock worth $49,000 after purchasing an additional 300 shares during the period. 82.48% of the stock is currently owned by institutional investors and hedge funds.

CMCSA stock traded down $0.16 during trading on Thursday, reaching $51.88. 10,120,097 shares of the company’s stock were exchanged, compared to its average volume of 16,617,023. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.05. Comcast Co. has a 1-year low of $48.15 and a 1-year high of $61.80. The company’s fifty day moving average price is $54.21 and its 200-day moving average price is $56.61. The firm has a market cap of $237.04 billion, a PE ratio of 16.74, a P/E/G ratio of 1.06 and a beta of 0.96.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, October 28th. The cable giant reported $0.87 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.12. Comcast had a return on equity of 14.88% and a net margin of 12.73%. The company had revenue of $30.30 billion during the quarter, compared to analyst estimates of $29.87 billion. During the same quarter in the previous year, the firm posted $0.65 EPS. The firm’s quarterly revenue was up 18.7% on a year-over-year basis. As a group, sell-side analysts expect that Comcast Co. will post 3.15 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 26th. Stockholders of record on Wednesday, January 5th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend is Tuesday, January 4th. Comcast’s dividend payout ratio is presently 32.26%.

A number of research firms have recently commented on CMCSA. Barclays cut their price objective on Comcast from $65.00 to $60.00 and set an “overweight” rating on the stock in a report on Monday, November 1st. Exane BNP Paribas assumed coverage on Comcast in a report on Monday, September 27th. They set an “outperform” rating and a $72.00 target price on the stock. Citigroup dropped their target price on Comcast from $65.00 to $60.00 and set a “buy” rating on the stock in a report on Monday, November 1st. BNP Paribas assumed coverage on Comcast in a report on Monday, September 27th. They set an “outperform” rating and a $72.00 target price on the stock. Finally, Truist Securities raised their target price on Comcast from $65.00 to $70.00 and gave the company a “buy” rating in a report on Friday, July 30th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $65.87.

Comcast Company Profile

Comcast Corp. is a media, entertainment, and communications company, which engages in the provision of video, Internet, and phone services. It operates through the following segments: Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks and Sky. The Cable Communications segment provides video, Internet, voice, and security and automation services under the Xfinity brand.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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