Comcast (NASDAQ:CMCSA) had its target price upped by Buckingham Research from $48.00 to $50.00 in a report released on Monday morning, MarketBeat.com reports. Buckingham Research currently has a buy rating on the cable giant’s stock.
Several other research analysts also recently commented on the stock. Macquarie reissued a buy rating and issued a $40.00 price target on shares of Comcast in a report on Thursday, December 7th. Moffett Nathanson raised shares of Comcast from a neutral rating to a buy rating and set a $45.00 price target for the company in a report on Tuesday, September 12th. They noted that the move was a valuation call. OTR Global downgraded shares of Comcast to a positive rating in a report on Monday, October 30th. Barclays dropped their price objective on shares of Comcast from $44.00 to $41.00 and set an overweight rating for the company in a report on Friday, October 27th. Finally, Robert W. Baird reaffirmed an outperform rating on shares of Comcast in a report on Wednesday, September 20th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-seven have given a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $46.15.
Shares of Comcast (NASDAQ:CMCSA) traded up $0.48 during mid-day trading on Monday, hitting $41.09. 20,198,100 shares of the stock traded hands, compared to its average volume of 18,128,242. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.74 and a current ratio of 0.74. Comcast has a 12 month low of $34.78 and a 12 month high of $42.18. The stock has a market cap of $197,650.00, a price-to-earnings ratio of 19.38, a P/E/G ratio of 1.85 and a beta of 1.00.
Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, October 26th. The cable giant reported $0.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.03. The company had revenue of $20.98 billion during the quarter, compared to the consensus estimate of $21.05 billion. Comcast had a net margin of 11.99% and a return on equity of 17.17%. Comcast’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period last year, the firm earned $0.92 EPS. equities research analysts anticipate that Comcast will post 2.05 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 3rd will be issued a dividend of $0.157 per share. The ex-dividend date is Tuesday, January 2nd. This represents a $0.63 annualized dividend and a dividend yield of 1.53%. Comcast’s payout ratio is 29.72%.
In other news, EVP Arthur R. Block sold 5,630 shares of the stock in a transaction on Monday, December 18th. The shares were sold at an average price of $39.89, for a total value of $224,580.70. Following the completion of the sale, the executive vice president now directly owns 71,664 shares of the company’s stock, valued at $2,858,676.96. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Arthur R. Block sold 3,937 shares of the stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $40.62, for a total transaction of $159,920.94. Following the completion of the sale, the executive vice president now directly owns 65,946 shares of the company’s stock, valued at $2,678,726.52. The disclosure for this sale can be found here. Insiders have sold 593,402 shares of company stock valued at $22,961,401 over the last three months. 1.28% of the stock is owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in CMCSA. Connecticut Wealth Management LLC increased its position in Comcast by 0.4% during the 2nd quarter. Connecticut Wealth Management LLC now owns 6,602 shares of the cable giant’s stock valued at $256,000 after purchasing an additional 24 shares during the period. Financial Consulate Inc. increased its position in Comcast by 0.5% during the 2nd quarter. Financial Consulate Inc. now owns 6,400 shares of the cable giant’s stock valued at $249,000 after purchasing an additional 30 shares during the period. Clarius Group LLC increased its position in Comcast by 0.4% during the 2nd quarter. Clarius Group LLC now owns 8,041 shares of the cable giant’s stock valued at $313,000 after purchasing an additional 32 shares during the period. GM Advisory Group Inc. increased its position in Comcast by 0.9% during the 2nd quarter. GM Advisory Group Inc. now owns 5,554 shares of the cable giant’s stock valued at $217,000 after purchasing an additional 48 shares during the period. Finally, Peoples Bank OH increased its position in Comcast by 0.9% during the 2nd quarter. Peoples Bank OH now owns 6,340 shares of the cable giant’s stock valued at $247,000 after purchasing an additional 59 shares during the period. Institutional investors and hedge funds own 82.13% of the company’s stock.
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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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