Pivotal Research reiterated their buy rating on shares of Comcast (NASDAQ:CMCSA) in a research report report published on Tuesday, December 19th. Pivotal Research currently has a $50.00 price objective on the cable giant’s stock.
Other equities research analysts have also recently issued reports about the company. Moffett Nathanson reissued a buy rating on shares of Comcast in a report on Monday, October 16th. Robert W. Baird reaffirmed a buy rating and issued a $43.00 target price on shares of Comcast in a report on Wednesday, October 4th. Wells Fargo & Co reaffirmed a buy rating and issued a $49.00 target price on shares of Comcast in a report on Monday, October 23rd. Royal Bank of Canada reiterated a buy rating and issued a $45.00 price target on shares of Comcast in a research report on Wednesday, October 18th. Finally, Nomura dropped their price target on Comcast from $46.00 to $42.00 and set a buy rating for the company in a research report on Friday, October 27th. One analyst has rated the stock with a sell rating, two have given a hold rating and twenty-seven have given a buy rating to the company. The stock has an average rating of Buy and a consensus target price of $46.15.
Comcast (NASDAQ CMCSA) opened at $42.44 on Tuesday. The stock has a market capitalization of $198,350.00, a price-to-earnings ratio of 20.02, a PEG ratio of 1.88 and a beta of 1.00. Comcast has a 52 week low of $34.78 and a 52 week high of $42.71. 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 (NASDAQ:CMCSA) last released 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 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 the consensus estimate of $21.05 billion. During the same period last year, the business posted $0.92 EPS. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. research analysts predict that Comcast will post 2.05 earnings per share for the current 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. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date is Tuesday, January 2nd. Comcast’s dividend payout ratio (DPR) is presently 29.72%.
In related news, Chairman Brian L. Roberts sold 583,835 shares of the company’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $38.67, for a total transaction of $22,576,899.45. Following the completion of the transaction, the chairman now owns 1,711,798 shares in the company, valued at approximately $66,195,228.66. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Arthur R. Block sold 3,937 shares of the company’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 transaction, the executive vice president now owns 65,946 shares of the company’s stock, valued at approximately $2,678,726.52. The disclosure for this sale can be found here. Insiders have sold 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.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wharton Business Group LLC acquired a new stake in Comcast in the 1st quarter valued at about $207,000. Twin Capital Management Inc. increased its holdings in shares of Comcast by 94.4% during the 1st quarter. Twin Capital Management Inc. now owns 230,020 shares of the cable giant’s stock worth $8,646,000 after buying an additional 111,680 shares during the last quarter. Sound Shore Management Inc. CT increased its holdings in shares of Comcast by 75.8% during the 1st quarter. Sound Shore Management Inc. CT now owns 4,201,891 shares of the cable giant’s stock worth $157,949,000 after buying an additional 1,811,714 shares during the last quarter. Mark Sheptoff Financial Planning LLC increased its holdings in shares of Comcast by 85.5% during the 1st quarter. Mark Sheptoff Financial Planning LLC now owns 4,581 shares of the cable giant’s stock worth $172,000 after buying an additional 2,112 shares during the last quarter. Finally, AGF Investments Inc. increased its holdings in shares of Comcast by 120.8% during the 1st quarter. AGF Investments Inc. now owns 604,510 shares of the cable giant’s stock worth $22,697,000 after buying an additional 330,708 shares during the last quarter. Hedge funds and other institutional investors 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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