Berry Wealth Group LP Sells 5,601 Shares of Comcast Co. (NASDAQ:CMCSA)

Berry Wealth Group LP lowered its holdings in Comcast Co. (NASDAQ:CMCSA) by 9.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 53,213 shares of the cable giant’s stock after selling 5,601 shares during the period. Comcast comprises 3.1% of Berry Wealth Group LP’s holdings, making the stock its 23rd largest position. Berry Wealth Group LP’s holdings in Comcast were worth $1,997,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Koshinski Asset Management Inc. boosted its position in shares of Comcast by 0.8% during the third quarter. Koshinski Asset Management Inc. now owns 30,584 shares of the cable giant’s stock worth $1,277,000 after buying an additional 249 shares during the period. Taurus Asset Management LLC lifted its position in Comcast by 2.9% in the third quarter. Taurus Asset Management LLC now owns 9,125 shares of the cable giant’s stock worth $381,000 after purchasing an additional 253 shares during the period. Regent Peak Wealth Advisors LLC lifted its position in shares of Comcast by 3.1% during the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 8,445 shares of the cable giant’s stock valued at $353,000 after acquiring an additional 257 shares during the last quarter. Abich Financial Wealth Management LLC lifted its position in shares of Comcast by 4.7% during the 3rd quarter. Abich Financial Wealth Management LLC now owns 5,829 shares of the cable giant’s stock valued at $243,000 after acquiring an additional 260 shares during the last quarter. Finally, Saxon Interests Inc. raised its stake in Comcast by 2.0% during the 3rd quarter. Saxon Interests Inc. now owns 13,554 shares of the cable giant’s stock valued at $566,000 after purchasing an additional 262 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CMCSA. Deutsche Bank Aktiengesellschaft upped their price target on shares of Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a report on Friday, November 1st. JPMorgan Chase & Co. reduced their target price on shares of Comcast from $45.00 to $39.00 and set a “neutral” rating for the company in a research note on Friday. Loop Capital dropped their price objective on shares of Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, January 2nd. Citigroup dropped their price objective on shares of Comcast from $47.00 to $44.00 and set a “buy” rating for the company in a report on Friday. Finally, KeyCorp raised their price target on shares of Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Nine equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $45.00.

Comcast Stock Up 1.2 %

Shares of CMCSA stock opened at $33.66 on Friday. The company has a 50 day simple moving average of $38.61 and a two-hundred day simple moving average of $40.07. The stock has a market cap of $128.80 billion, a P/E ratio of 9.05, a P/E/G ratio of 1.36 and a beta of 1.01. Comcast Co. has a 12 month low of $32.50 and a 12 month high of $47.11. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.08. Comcast had a return on equity of 19.81% and a net margin of 11.92%. On average, research analysts expect that Comcast Co. will post 4.25 earnings per share for the current year.

Comcast Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 3.92%. This is an increase from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, April 2nd. Comcast’s payout ratio is presently 33.33%.

Insider Transactions at Comcast

In other news, CEO Brian L. Roberts sold 234,464 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total transaction of $10,002,234.24. Following the sale, the chief executive officer now directly owns 6,669,928 shares of the company’s stock, valued at $284,539,128.48. This represents a 3.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Michael J. Cavanagh sold 25,537 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total value of $1,087,620.83. Following the sale, the president now directly owns 534,849 shares in the company, valued at $22,779,218.91. This trade represents a 4.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company’s stock.

About Comcast

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.