Comcast (CMCSA) Given New $50.00 Price Target at Morgan Stanley

Comcast (NASDAQ:CMCSA) had its price target lifted by Morgan Stanley from $44.00 to $50.00 in a report published on Tuesday, The Fly reports. Morgan Stanley currently has an outperform rating on the cable giant’s stock.

Several other research firms have also issued reports on CMCSA. Barclays lowered their target price on shares of Comcast from $44.00 to $41.00 and set an overweight rating on the stock in a research note on Friday, October 27th. Buckingham Research increased their target price on shares of Comcast from $48.00 to $50.00 and gave the stock a buy rating in a research note on Monday, January 8th. BidaskClub raised shares of Comcast from a strong sell rating to a sell rating in a research note on Tuesday, December 5th. KeyCorp reissued a hold rating on shares of Comcast in a research note on Tuesday, October 17th. Finally, Pivotal Research reissued a buy rating and set a $50.00 target price on shares of Comcast in a research note on Tuesday, December 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-seven have given a buy rating to the company. Comcast has a consensus rating of Buy and a consensus price target of $46.15.

Shares of Comcast (NASDAQ:CMCSA) opened at $42.44 on Tuesday. The firm has a market capitalization of $198,350.00, a PE ratio of 20.02, a price-to-earnings-growth ratio of 1.88 and a beta of 1.00. 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 $42.71.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.03. Comcast had a net margin of 11.99% and a return on equity of 17.17%. The business had revenue of $20.98 billion for the quarter, compared to analyst estimates of $21.05 billion. During the same period in the prior year, the company posted $0.92 EPS. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. equities analysts anticipate that Comcast will post 2.05 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders 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 yield of 1.48%. The ex-dividend date is Tuesday, January 2nd. Comcast’s dividend payout ratio (DPR) is 29.72%.

In other Comcast news, EVP Arthur R. Block sold 3,937 shares of the firm’s stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $40.62, for a total value of $159,920.94. Following the transaction, the executive vice president now directly owns 65,946 shares of the company’s stock, valued at approximately $2,678,726.52. 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 5,630 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $39.89, for a total transaction of $224,580.70. Following the completion of the transaction, the executive vice president now directly owns 71,664 shares in the company, valued at $2,858,676.96. 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. Corporate 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 holdings in shares of Comcast by 1,581.1% during the 2nd quarter. Janus Henderson Group PLC now owns 28,199,798 shares of the cable giant’s stock worth $1,097,544,000 after buying an additional 26,522,368 shares during the last quarter. Vanguard Group Inc. increased its holdings in Comcast by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 316,845,966 shares of the cable giant’s stock valued at $12,331,646,000 after purchasing an additional 8,677,771 shares during the last quarter. Capital International Investors increased its holdings in Comcast by 23.3% in the 3rd quarter. Capital International Investors now owns 34,256,110 shares of the cable giant’s stock valued at $1,318,175,000 after purchasing an additional 6,467,802 shares during the last quarter. UBS Asset Management Americas Inc. increased its holdings in Comcast by 38.4% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 18,417,341 shares of the cable giant’s stock valued at $716,803,000 after purchasing an additional 5,108,525 shares during the last quarter. Finally, Prudential Financial Inc. increased its holdings in Comcast by 40.2% in the 2nd quarter. Prudential Financial Inc. now owns 12,254,212 shares of the cable giant’s stock valued at $476,934,000 after purchasing an additional 3,513,006 shares during the last quarter. Institutional investors and hedge funds own 82.13% of the company’s stock.

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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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