Comcast Corporation (NASDAQ:CMCSA) – Equities researchers at Oppenheimer lowered their FY2017 earnings per share (EPS) estimates for shares of Comcast in a research report issued on Wednesday, according to Zacks Investment Research. Oppenheimer analyst T. Horan now anticipates that the cable giant will earn $2.07 per share for the year, down from their prior forecast of $2.11. Oppenheimer also issued estimates for Comcast’s FY2018 earnings at $2.22 EPS.
A number of other research firms have also recently commented on CMCSA. Barclays decreased their price target on Comcast from $44.00 to $41.00 and set an “overweight” rating for the company in a research note on Friday, October 27th. Buckingham Research increased their price target on Comcast from $48.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, January 8th. BidaskClub upgraded Comcast from a “strong sell” rating to a “sell” rating in a research note on Tuesday, December 5th. KeyCorp reiterated a “hold” rating on shares of Comcast in a research note on Tuesday, October 17th. Finally, Pivotal Research reiterated a “buy” rating and issued a $50.00 price target on shares of Comcast in a research note on Tuesday, December 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $46.15.
Shares of Comcast (CMCSA) traded down $0.16 during midday trading on Friday, hitting $42.44. The company had a trading volume of 18,970,000 shares, compared to its average volume of 24,620,000. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.06. Comcast has a 1 year low of $34.78 and a 1 year high of $42.71. The stock has a market cap of $198,350.00, a PE ratio of 20.02, a P/E/G ratio of 1.88 and a beta of 1.00.
Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, October 26th. The cable giant reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The firm had revenue of $20.98 billion during the quarter, compared to analysts’ expectations of $21.05 billion. Comcast had a return on equity of 17.17% and a net margin of 11.99%. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.92 EPS.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Wednesday, January 3rd will be issued a dividend of $0.157 per share. This represents a $0.63 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend is Tuesday, January 2nd. Comcast’s dividend payout ratio (DPR) is 29.72%.
In related news, EVP Arthur R. Block sold 3,937 shares of the firm’s stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $40.62, for a total transaction of $159,920.94. Following the sale, the executive vice president now directly owns 65,946 shares of the company’s stock, valued at $2,678,726.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Brian L. Roberts sold 583,835 shares of the firm’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $38.67, for a total value of $22,576,899.45. Following the sale, the chairman now directly owns 1,711,798 shares in the company, valued at $66,195,228.66. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 593,402 shares of company stock worth $22,961,401. 1.28% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of CMCSA. KCS Wealth Advisory purchased a new position in shares of Comcast in the fourth quarter valued at approximately $660,000. Capital Insight Partners LLC lifted its position in shares of Comcast by 90.1% in the fourth quarter. Capital Insight Partners LLC now owns 35,814 shares of the cable giant’s stock valued at $1,434,000 after acquiring an additional 16,975 shares in the last quarter. Country Club Trust Company n.a. lifted its position in shares of Comcast by 26.6% in the fourth quarter. Country Club Trust Company n.a. now owns 7,769 shares of the cable giant’s stock valued at $311,000 after acquiring an additional 1,630 shares in the last quarter. Bristol Advisors LLC purchased a new position in shares of Comcast in the fourth quarter valued at approximately $32,040,000. Finally, Mitchell Mcleod Pugh & Williams Inc. lifted its position in shares of Comcast by 3.8% in the fourth quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 33,851 shares of the cable giant’s stock valued at $1,356,000 after acquiring an additional 1,252 shares in the last quarter. 82.13% of the stock is currently owned by institutional investors.
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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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