42,129 Shares in Comcast Corporation $CMCSA Bought by Beirne Wealth Consulting Services LLC

Beirne Wealth Consulting Services LLC purchased a new stake in shares of Comcast Corporation (NASDAQ:CMCSA) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 42,129 shares of the cable giant’s stock, valued at approximately $1,324,000.

Several other institutional investors have also recently bought and sold shares of the business. Osaic Holdings Inc. raised its stake in shares of Comcast by 39.9% in the second quarter. Osaic Holdings Inc. now owns 1,055,192 shares of the cable giant’s stock valued at $37,954,000 after buying an additional 300,898 shares during the period. Vanguard Group Inc. raised its stake in Comcast by 0.3% in the 2nd quarter. Vanguard Group Inc. now owns 369,438,921 shares of the cable giant’s stock valued at $13,185,275,000 after acquiring an additional 1,257,196 shares during the period. Penserra Capital Management LLC lifted its holdings in Comcast by 20.0% during the second quarter. Penserra Capital Management LLC now owns 82,089 shares of the cable giant’s stock valued at $2,928,000 after purchasing an additional 13,653 shares during the last quarter. Principal Financial Group Inc. boosted its position in Comcast by 9.7% during the third quarter. Principal Financial Group Inc. now owns 7,536,937 shares of the cable giant’s stock worth $236,810,000 after purchasing an additional 665,635 shares during the period. Finally, Ashton Thomas Private Wealth LLC boosted its position in Comcast by 75.3% during the third quarter. Ashton Thomas Private Wealth LLC now owns 340,764 shares of the cable giant’s stock worth $10,707,000 after purchasing an additional 146,339 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Performance

NASDAQ:CMCSA opened at $31.57 on Tuesday. The stock has a market cap of $113.58 billion, a P/E ratio of 5.88, a PEG ratio of 2.41 and a beta of 0.81. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.96. The business’s 50-day moving average price is $29.37 and its two-hundred day moving average price is $30.06. Comcast Corporation has a twelve month low of $25.75 and a twelve month high of $37.97.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, January 29th. The cable giant reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.09. The company had revenue of $32.31 billion for the quarter, compared to analysts’ expectations of $32.35 billion. Comcast had a net margin of 16.17% and a return on equity of 16.86%. Comcast’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.96 earnings per share. As a group, equities analysts predict that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 1st will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Wednesday, April 1st. Comcast’s payout ratio is currently 24.58%.

Analysts Set New Price Targets

A number of brokerages recently commented on CMCSA. Moffett Nathanson dropped their price target on shares of Comcast from $58.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, November 13th. UBS Group cut their price target on Comcast from $36.00 to $32.00 and set a “neutral” rating for the company in a report on Friday, January 30th. Benchmark decreased their price objective on Comcast from $46.00 to $44.00 and set a “buy” rating on the stock in a research note on Monday, January 5th. Deutsche Bank Aktiengesellschaft cut their target price on Comcast from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Friday, January 30th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Comcast in a research report on Friday, January 9th. Ten analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $34.90.

Insider Transactions at Comcast

In related news, CEO Michael J. Cavanagh sold 57,947 shares of the stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $32.66, for a total value of $1,892,549.02. Following the transaction, the chief executive officer owned 622,336 shares of the company’s stock, valued at $20,325,493.76. This represents a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.26% of the company’s stock.

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.