Comcast Corporation (NASDAQ:CMCSA) – Research analysts at Jefferies Group lifted their FY2018 earnings per share estimates for Comcast Corporation in a research note issued on Thursday. Jefferies Group analyst M. Mccormack now anticipates that the cable giant will post earnings per share of $2.30 for the year, up from their previous estimate of $2.28. Jefferies Group has a “Buy” rating and a $47.00 price objective on the stock.
CMCSA has been the topic of several other research reports. Moffett Nathanson restated a “buy” rating on shares of Comcast Corporation in a report on Monday. Guggenheim upgraded Comcast Corporation from a “neutral” rating to a “buy” rating and increased their price target for the company from $42.00 to $46.00 in a report on Thursday, August 3rd. BidaskClub lowered Comcast Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. Instinet restated a “buy” rating and set a $46.00 price target on shares of Comcast Corporation in a report on Wednesday, June 28th. Finally, Wells Fargo & Company restated an “outperform” rating and set a $44.00 price target on shares of Comcast Corporation in a report on Wednesday, June 28th. Three investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $45.83.
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Shares of Comcast Corporation (NASDAQ CMCSA) traded down 0.41% on Monday, reaching $36.32. 8,180,233 shares of the company’s stock were exchanged. The firm has a market cap of $171.19 billion, a PE ratio of 18.30 and a beta of 0.98. Comcast Corporation has a one year low of $30.02 and a one year high of $42.18. The company has a 50 day moving average price of $38.35 and a 200 day moving average price of $39.25.
Comcast Corporation (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, July 27th. The cable giant reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. Comcast Corporation had a net margin of 11.45% and a return on equity of 16.80%. The business had revenue of $21.17 billion for the quarter, compared to analysts’ expectations of $20.85 billion. During the same period last year, the business earned $0.83 earnings per share. The business’s quarterly revenue was up 9.8% on a year-over-year basis.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 4th will be paid a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend is Tuesday, October 3rd. Comcast Corporation’s dividend payout ratio is presently 31.74%.
In other Comcast Corporation news, Director Kenneth J. Bacon sold 2,232 shares of Comcast Corporation stock in a transaction on Friday, September 15th. The stock was sold at an average price of $37.27, for a total value of $83,186.64. Following the sale, the director now owns 24,580 shares in the company, valued at $916,096.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Arthur R. Block sold 4,091 shares of Comcast Corporation stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $38.36, for a total value of $156,930.76. Following the completion of the sale, the executive vice president now owns 68,478 shares in the company, valued at approximately $2,626,816.08. The disclosure for this sale can be found here. Insiders sold 9,982 shares of company stock worth $385,050 over the last ninety days. Corporate insiders own 1.28% of the company’s stock.
A number of large investors have recently bought and sold shares of the business. State Street Corp grew its stake in shares of Comcast Corporation by 97.6% in the first quarter. State Street Corp now owns 199,519,367 shares of the cable giant’s stock valued at $7,499,933,000 after buying an additional 98,570,377 shares in the last quarter. Clearbridge Investments LLC grew its stake in shares of Comcast Corporation by 97.6% in the first quarter. Clearbridge Investments LLC now owns 97,454,749 shares of the cable giant’s stock valued at $3,663,324,000 after buying an additional 48,147,456 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of Comcast Corporation by 95.7% in the first quarter. Ameriprise Financial Inc. now owns 59,716,372 shares of the cable giant’s stock valued at $2,244,768,000 after buying an additional 29,199,805 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Comcast Corporation by 103.1% in the first quarter. Bank of New York Mellon Corp now owns 56,323,747 shares of the cable giant’s stock valued at $2,117,212,000 after buying an additional 28,597,277 shares in the last quarter. Finally, Janus Henderson Group PLC grew its stake in shares of Comcast Corporation by 1,581.1% in the second quarter. Janus Henderson Group PLC now owns 28,199,798 shares of the cable giant’s stock valued at $1,097,544,000 after buying an additional 26,522,368 shares in the last quarter. Institutional investors own 81.84% of the company’s stock.
About Comcast Corporation
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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