Comcast (NASDAQ:CMCSA) had its price objective boosted by Buckingham Research from $48.00 to $50.00 in a research note released on Monday, MarketBeat reports. Buckingham Research currently has a buy rating on the cable giant’s stock.
A number of other equities research analysts have also commented on the company. Pivotal Research raised their price objective on Comcast from $48.00 to $50.00 and gave the stock a buy rating in a research report on Friday, October 27th. Moffett Nathanson raised Comcast from a neutral rating to a buy rating and set a $45.00 price target for the company in a research note on Tuesday, September 12th. They noted that the move was a valuation call. Barclays cut their price target on Comcast from $44.00 to $41.00 and set an overweight rating for the company in a research note on Friday, October 27th. KeyCorp reaffirmed a neutral rating on shares of Comcast in a research note on Sunday, September 17th. Finally, Wells Fargo & Co reaffirmed a buy rating and set a $49.00 price target on shares of Comcast in a research note on Monday, October 23rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-seven have issued a buy rating to the stock. The stock presently has an average rating of Buy and an average target price of $45.47.
Comcast (NASDAQ CMCSA) traded up $1.51 during trading hours on Monday, hitting $42.60. The company had a trading volume of 36,703,602 shares, compared to its average volume of 20,450,162. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.74 and a quick ratio of 0.74. Comcast has a fifty-two week low of $34.78 and a fifty-two week high of $42.67. The firm has a market cap of $197,650.00, a price-to-earnings ratio of 20.09, a price-to-earnings-growth ratio of 1.85 and a beta of 1.00.
Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.03. Comcast had a return on equity of 17.17% and a net margin of 11.99%. The business had revenue of $20.98 billion during the quarter, compared to analyst estimates of $21.05 billion. During the same quarter last year, the company posted $0.92 EPS. Comcast’s revenue for the quarter was down 1.6% on a year-over-year basis. analysts anticipate that Comcast will post 2.05 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Wednesday, January 3rd will be paid a $0.157 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend is Tuesday, January 2nd. Comcast’s payout ratio is 29.72%.
In other Comcast news, EVP Arthur R. Block sold 5,630 shares of Comcast stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $39.89, for a total value of $224,580.70. Following the transaction, the executive vice president now directly owns 71,664 shares of the company’s stock, valued at approximately $2,858,676.96. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman Brian L. Roberts sold 583,835 shares of Comcast stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $38.67, for a total value of $22,576,899.45. Following the completion of the transaction, the chairman now directly owns 1,711,798 shares in the company, valued at $66,195,228.66. The disclosure for this sale can be found here. Insiders sold a total of 593,402 shares of company stock worth $22,961,401 over the last three months. 1.28% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of CMCSA. Connecticut Wealth Management LLC grew its holdings in shares of Comcast by 0.4% during the 2nd quarter. Connecticut Wealth Management LLC now owns 6,602 shares of the cable giant’s stock worth $256,000 after purchasing an additional 24 shares in the last quarter. Financial Consulate Inc. grew its holdings in shares of Comcast by 0.5% during the 2nd quarter. Financial Consulate Inc. now owns 6,400 shares of the cable giant’s stock worth $249,000 after purchasing an additional 30 shares in the last quarter. Clarius Group LLC grew its holdings in shares of Comcast by 0.4% during the 2nd quarter. Clarius Group LLC now owns 8,041 shares of the cable giant’s stock worth $313,000 after purchasing an additional 32 shares in the last quarter. GM Advisory Group Inc. boosted its stake in Comcast by 0.9% in the 2nd quarter. GM Advisory Group Inc. now owns 5,554 shares of the cable giant’s stock valued at $217,000 after buying an additional 48 shares in the last quarter. Finally, Peoples Bank OH boosted its stake in Comcast by 0.9% in the 2nd quarter. Peoples Bank OH now owns 6,340 shares of the cable giant’s stock valued at $247,000 after buying an additional 59 shares in the last quarter. 82.13% of the stock is currently owned by institutional investors.
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Comcast Company Profile
Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.
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