Comcast Corporation (NASDAQ:CMCSA) announced a quarterly dividend on Thursday, October 26th, Zacks reports. Shareholders of record on Wednesday, January 3rd will be paid a dividend of 0.157 per share by the cable giant on Wednesday, January 24th. This represents a $0.63 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend is Tuesday, January 2nd.
Shares of Comcast Corporation (NASDAQ CMCSA) opened at $36.85 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.74 and a quick ratio of 0.74. The stock has a market capitalization of $170,873.08, a P/E ratio of 18.14, a PEG ratio of 1.89 and a beta of 1.00. Comcast Corporation has a 12 month low of $32.30 and a 12 month high of $42.18.
Comcast Corporation (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.03. Comcast Corporation had a return on equity of 17.17% and a net margin of 11.99%. The firm had revenue of $20.98 billion for the quarter, compared to analyst estimates of $21.05 billion. During the same period in the previous year, the company posted $0.92 earnings per share. The business’s revenue was down 1.6% on a year-over-year basis. research analysts predict that Comcast Corporation will post 2.06 EPS for the current fiscal year.
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In other Comcast Corporation news, Director Kenneth J. Bacon sold 2,232 shares of the firm’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $37.27, for a total value of $83,186.64. Following the transaction, the director now directly owns 24,580 shares of the company’s stock, valued at $916,096.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Arthur R. Block sold 4,091 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 68,478 shares in the company, valued at $2,626,816.08. The disclosure for this sale can be found here. Company insiders own 1.28% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in CMCSA. Janus Henderson Group PLC increased its position in shares of Comcast Corporation by 1,581.1% during the second quarter. Janus Henderson Group PLC now owns 28,199,798 shares of the cable giant’s stock worth $1,097,544,000 after acquiring an additional 26,522,368 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Comcast Corporation by 39.1% during the second quarter. The Manufacturers Life Insurance Company now owns 11,030,861 shares of the cable giant’s stock worth $429,321,000 after acquiring an additional 3,103,432 shares during the last quarter. Samlyn Capital LLC increased its position in shares of Comcast Corporation by 71.1% during the second quarter. Samlyn Capital LLC now owns 1,747,806 shares of the cable giant’s stock worth $68,024,000 after acquiring an additional 726,330 shares during the last quarter. Gotham Asset Management LLC increased its position in shares of Comcast Corporation by 96.8% during the second quarter. Gotham Asset Management LLC now owns 939,513 shares of the cable giant’s stock worth $36,566,000 after acquiring an additional 462,100 shares during the last quarter. Finally, Clinton Group Inc. increased its position in shares of Comcast Corporation by 84.7% during the second quarter. Clinton Group Inc. now owns 274,038 shares of the cable giant’s stock worth $10,666,000 after acquiring an additional 125,688 shares during the last quarter. 81.88% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have commented on CMCSA. Guggenheim upgraded Comcast Corporation from a “neutral” rating to a “buy” rating and lifted their target price for the company from $42.00 to $46.00 in a research report on Thursday, August 3rd. Robert W. Baird reiterated an “outperform” rating on shares of Comcast Corporation in a report on Wednesday, September 20th. Moffett Nathanson upgraded Comcast Corporation from a “neutral” rating to a “buy” rating and set a $45.00 price objective on the stock in a report on Tuesday, September 12th. They noted that the move was a valuation call. ValuEngine downgraded Comcast Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Barclays PLC cut their price objective on Comcast Corporation from $44.00 to $41.00 and set an “overweight” rating on the stock in a report on Friday, October 27th. Three equities research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $45.84.
Comcast Corporation 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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