Comcast Co. (NASDAQ:CMCSA) – Equities research analysts at Jefferies Financial Group issued their Q4 2019 earnings estimates for shares of Comcast in a research report issued to clients and investors on Sunday, June 24th. Jefferies Financial Group analyst J. Janedis anticipates that the cable giant will post earnings per share of $0.81 for the quarter. Jefferies Financial Group has a “Buy” rating and a $41.00 price objective on the stock.
Several other equities analysts also recently weighed in on CMCSA. Macquarie downgraded Comcast from an “outperform” rating to a “neutral” rating in a research report on Wednesday, February 28th. Pivotal Research reissued a “buy” rating and set a $113.00 price target on shares of Comcast in a research report on Wednesday, February 28th. BidaskClub downgraded Comcast from a “sell” rating to a “strong sell” rating in a research report on Wednesday, March 14th. UBS Group dropped their price target on Comcast from $49.00 to $47.00 and set a “buy” rating for the company in a research report on Thursday, March 22nd. Finally, Cowen initiated coverage on Comcast in a research report on Monday, March 26th. They set a “market perform” rating and a $39.00 price target for the company. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty have given a buy rating to the company’s stock. Comcast presently has an average rating of “Buy” and an average target price of $46.43.
Comcast stock opened at $32.78 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.90. The firm has a market cap of $153.83 billion, a price-to-earnings ratio of 15.91, a P/E/G ratio of 1.19 and a beta of 1.19. Comcast has a fifty-two week low of $30.43 and a fifty-two week high of $44.00.
Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Wednesday, April 25th. The cable giant reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.03. The firm had revenue of $22.79 billion during the quarter, compared to analysts’ expectations of $22.74 billion. Comcast had a return on equity of 16.14% and a net margin of 26.79%. Comcast’s revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.53 earnings per share.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 25th. Stockholders of record on Tuesday, July 3rd will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date is Monday, July 2nd. Comcast’s dividend payout ratio is currently 36.89%.
In other Comcast news, SVP Daniel C. Murdock sold 916 shares of the business’s stock in a transaction dated Wednesday, April 18th. The stock was sold at an average price of $33.20, for a total transaction of $30,411.20. Following the completion of the sale, the senior vice president now owns 2,120 shares of the company’s stock, valued at $70,384. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Daniel C. Murdock sold 1,694 shares of the business’s stock in a transaction dated Wednesday, June 13th. The shares were sold at an average price of $31.05, for a total value of $52,598.70. The disclosure for this sale can be found here. 1.31% of the stock is owned by insiders.
A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. lifted its stake in shares of Comcast by 2.5% during the first quarter. BlackRock Inc. now owns 323,455,630 shares of the cable giant’s stock worth $11,052,476,000 after purchasing an additional 7,922,120 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Comcast by 6.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 135,451,128 shares of the cable giant’s stock worth $4,628,365,000 after purchasing an additional 8,022,739 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Comcast by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 49,255,602 shares of the cable giant’s stock worth $1,968,535,000 after purchasing an additional 567,282 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of Comcast by 24.1% during the first quarter. Franklin Resources Inc. now owns 37,387,405 shares of the cable giant’s stock worth $1,277,535,000 after purchasing an additional 7,257,371 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of Comcast by 108.8% during the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 33,898,474 shares of the cable giant’s stock worth $1,158,311,000 after purchasing an additional 17,663,290 shares in the last quarter. 81.57% of the stock is owned by hedge funds and other institutional investors.
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.
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