Berger Financial Group Inc Buys 3,868 Shares of Comcast Corporation $CMCSA

Berger Financial Group Inc boosted its stake in Comcast Corporation (NASDAQ:CMCSA) by 2.5% in the second quarter, Holdings Channel reports. The firm owned 157,631 shares of the cable giant’s stock after purchasing an additional 3,868 shares during the quarter. Berger Financial Group Inc’s holdings in Comcast were worth $5,626,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CMCSA. Inlight Wealth Management LLC bought a new position in Comcast in the first quarter valued at approximately $26,000. Cranbrook Wealth Management LLC increased its stake in shares of Comcast by 86.0% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock valued at $27,000 after purchasing an additional 350 shares during the last quarter. Global Trust Asset Management LLC raised its holdings in shares of Comcast by 906.8% during the 2nd quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock worth $27,000 after buying an additional 671 shares in the last quarter. Abound Financial LLC acquired a new position in shares of Comcast during the 1st quarter worth $29,000. Finally, Ransom Advisory Ltd bought a new stake in shares of Comcast during the 1st quarter worth $29,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Trading Up 1.6%

CMCSA opened at $30.90 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.91. Comcast Corporation has a fifty-two week low of $30.38 and a fifty-two week high of $45.31. The company’s 50 day moving average price is $32.73 and its two-hundred day moving average price is $34.15. The firm has a market capitalization of $114.09 billion, a price-to-earnings ratio of 5.11, a PEG ratio of 1.81 and a beta of 0.94.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, July 31st. The cable giant reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.07. Comcast had a net margin of 18.44% and a return on equity of 18.86%. The firm had revenue of $30.31 billion during the quarter, compared to the consensus estimate of $29.81 billion. During the same quarter last year, the firm earned $1.21 earnings per share. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, research analysts predict that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Wednesday, October 1st. Comcast’s payout ratio is 21.82%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Moffett Nathanson lifted their target price on Comcast from $56.00 to $58.00 and gave the company a “buy” rating in a research report on Friday, September 12th. UBS Group set a $43.00 price target on shares of Comcast in a research note on Friday. Benchmark reiterated a “buy” rating on shares of Comcast in a research report on Friday, July 18th. Citigroup reissued a “buy” rating on shares of Comcast in a research note on Tuesday, August 26th. Finally, Scotiabank boosted their target price on shares of Comcast from $44.50 to $45.00 and gave the stock a “sector perform” rating in a research note on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $40.26.

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.