Berkshire Asset Management raised its position in shares of Comcast Co. (NASDAQ:CMCSA) by 290.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,841 shares of the cable giant’s stock after buying an additional 15,500 shares during the period. Berkshire Asset Management’s holdings in Comcast were worth $1,176,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CMCSA. Lau Associates purchased a new position in shares of Comcast during the fourth quarter valued at about $282,000. Banced Corp raised its position in shares of Comcast by 15.1% in the fourth quarter. Banced Corp now owns 13,038 shares of the cable giant’s stock valued at $736,000 after buying an additional 1,710 shares in the last quarter. First American Trust raised its position in shares of Comcast by 1.6% in the fourth quarter. First American Trust now owns 63,100 shares of the cable giant’s stock valued at $3,561,000 after buying an additional 984 shares in the last quarter. Lenox Wealth Advisors raised its position in shares of Comcast by 36.3% in the fourth quarter. Lenox Wealth Advisors now owns 759 shares of the cable giant’s stock valued at $43,000 after buying an additional 202 shares in the last quarter. Finally, Fulton Bank raised its position in shares of Comcast by 5.5% in the fourth quarter. Fulton Bank now owns 45,657 shares of the cable giant’s stock valued at $2,577,000 after buying an additional 2,387 shares in the last quarter.

Shares of Comcast Co. (NASDAQ:CMCSA) opened at 55.33 on Monday. Comcast Co. has a 12-month low of $50.00 and a 12-month high of $64.99. The company has a market capitalization of $135.96 billion and a PE ratio of 17.36. The firm’s 50-day moving average price is $56.53 and its 200-day moving average price is $59.25.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 27th. Shareholders of record on Wednesday, January 6th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.81%. This is an increase from Comcast’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Monday, January 4th.

Several research firms recently weighed in on CMCSA. Moffett Nathanson upped their price target on Comcast from $67.00 to $75.00 in a research note on Friday, December 4th. Scotiabank increased their target price on Comcast from $69.00 to $70.00 in a research note on Wednesday, October 28th. Pacific Crest cut their target price on Comcast from $67.00 to $65.00 in a research note on Wednesday, October 28th. Raymond James cut their target price on Comcast from $72.00 to $70.00 in a research note on Tuesday, January 5th. Finally, Goldman Sachs cut their target price on Comcast to $70.00 in a research note on Wednesday, January 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $69.44.

In other news, EVP Neil Smit sold 30,733 shares of the business’s stock in a transaction on Wednesday, October 28th. The shares were sold at an average price of $61.83, for a total transaction of $1,900,221.39. Following the sale, the executive vice president now directly owns 53,794 shares of the company’s stock, valued at $3,326,083.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Arthur R. Block sold 2,632 shares of the business’s stock in a transaction on Friday, January 8th. The shares were sold at an average price of $55.08, for a total transaction of $144,970.56. Following the sale, the executive vice president now directly owns 28,836 shares in the company, valued at $1,588,286.88. The disclosure for this sale can be found here.

Comcast Corporation is a media and technology company. The Company has two primary businesses, Comcast Cable and NBCUniversal. The Company’s business line comprises five segments: Cable Communications; Cable Networks; Broadcast Television; Filmed Entertainment, and Theme Parks. Cable Communications consists of the operations of Comcast Cable, a provider of video, high-speed Internet and voice services under the XFINITY brand. Cable Networks consists primarily of its national cable networks, regional sports and news networks, international cable networks, and its cable television production operations. Broadcast Television consists primarily of the NBC and Telemundo broadcast networks. Filmed Entertainment consists primarily of the studio operations of Universal Pictures. Theme Parks consists primarily of its Universal theme parks. The Company’s other business interests consist of Comcast-Spectacor and the Wells Fargo Center arena.

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