Comcast Corporation (NASDAQ:CMCSA) Shares Bought by Berger Financial Group Inc

Key Points

• Berger Financial Group Inc significantly increased its stake in Comcast Corporation by 1,949.1% in Q1, owning 153,763 shares valued at approximately $5.67 million.
• Comcast reported an EPS of $1.25 for its latest quarter, surpassing analysts' expectations, with a revenue increase of 2.1% year-over-year to $30.31 billion.
• The company announced a quarterly dividend of $0.33 per share, yielding 4.2%, with a payout date on October 22nd for record holders.

Berger Financial Group Inc grew its stake in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 1,949.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 153,763 shares of the cable giant's stock after acquiring an additional 146,259 shares during the quarter. Berger Financial Group Inc's holdings in Comcast were worth $5,674,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC increased its holdings in shares of Comcast by 150.9% in the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant's stock valued at $6,240,000 after acquiring an additional 99,986 shares during the last quarter. FIL Ltd lifted its position in shares of Comcast by 5.4% in the 4th quarter. FIL Ltd now owns 556,273 shares of the cable giant's stock worth $20,877,000 after acquiring an additional 28,527 shares during the period. Advisory Services Network LLC raised its position in Comcast by 25.2% in the 4th quarter. Advisory Services Network LLC now owns 72,912 shares of the cable giant's stock valued at $2,736,000 after purchasing an additional 14,671 shares during the last quarter. Phoenix Financial Ltd. increased its stake in shares of Comcast by 9.0% in the 4th quarter. Phoenix Financial Ltd. now owns 45,442 shares of the cable giant's stock valued at $1,706,000 after buying an additional 3,771 shares during the period. Finally, Heritage Trust Co acquired a new position in shares of Comcast during the fourth quarter worth about $4,840,000. 84.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CMCSA has been the subject of several research analyst reports. Barclays lowered their price objective on Comcast from $35.00 to $34.00 and set an "equal weight" rating for the company in a research report on Friday, August 1st. Evercore ISI cut their target price on shares of Comcast from $44.00 to $40.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Benchmark reiterated a "buy" rating on shares of Comcast in a research note on Friday, July 18th. New Street Research dropped their price objective on shares of Comcast from $44.00 to $38.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Finally, The Goldman Sachs Group reduced their target price on shares of Comcast from $44.00 to $40.00 and set a "buy" rating for the company in a report on Friday, April 25th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $40.73.

Comcast Price Performance

Shares of CMCSA traded down $0.26 during midday trading on Monday, hitting $31.41. The company's stock had a trading volume of 19,951,149 shares, compared to its average volume of 22,791,100. The company's fifty day simple moving average is $34.49 and its two-hundred day simple moving average is $34.88. Comcast Corporation has a one year low of $31.03 and a one year high of $45.31. The stock has a market capitalization of $115.97 billion, a price-to-earnings ratio of 5.19, a price-to-earnings-growth ratio of 1.90 and a beta of 0.92. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.99.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its earnings results on Thursday, July 31st. The cable giant reported $1.25 EPS for the quarter, topping the consensus estimate of $1.18 by $0.07. Comcast had a return on equity of 18.86% and a net margin of 18.44%. The business had revenue of $30.31 billion during the quarter, compared to analysts' expectations of $29.81 billion. During the same period in the previous year, the business earned $1.21 earnings per share. The firm's revenue was up 2.1% on a year-over-year basis. As a group, equities analysts expect that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 1st will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.2%. Comcast's dividend payout ratio is presently 21.82%.

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.