Nomura reiterated their neutral rating on shares of Comcast (NASDAQ:CMCSA) in a report released on Thursday morning. The brokerage currently has a $42.00 price objective on the cable giant’s stock, down from their prior price objective of $45.00.
CMCSA has been the subject of several other research reports. Moffett Nathanson restated a buy rating on shares of Comcast in a research note on Monday, October 16th. OTR Global cut Comcast to a positive rating in a research note on Monday, October 30th. Evercore ISI restated an outperform rating and set a $48.00 price target (up previously from $44.00) on shares of Comcast in a research note on Tuesday, January 9th. Buckingham Research assumed coverage on Comcast in a research note on Monday, November 20th. They set a buy rating and a $48.00 price target for the company. Finally, Wells Fargo & Co restated a buy rating and set a $49.00 price target on shares of Comcast in a research note on Monday, October 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-five have given a buy rating to the company. Comcast presently has an average rating of Buy and an average price target of $46.83.
Comcast (CMCSA) traded up $0.65 during mid-day trading on Thursday, hitting $42.50. The stock had a trading volume of 23,590,000 shares, compared to its average volume of 21,700,000. The firm has a market capitalization of $201,720.00, a P/E ratio of 20.05, a P/E/G ratio of 1.81 and a beta of 1.00. Comcast has a 1-year low of $34.78 and a 1-year high of $42.71. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.74 and a quick ratio of 0.74.
Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, October 26th. The cable giant reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.03. The business had revenue of $20.98 billion during the quarter, compared to the consensus estimate of $21.05 billion. Comcast had a return on equity of 17.17% and a net margin of 11.99%. The company’s revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.92 earnings per share. equities research analysts expect that Comcast will post 2.05 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 3rd will be given a $0.157 dividend. 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 payout ratio is 29.72%.
In other news, Chairman Brian L. Roberts sold 583,835 shares of the firm’s stock in a transaction on 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 completion of the transaction, the chairman now owns 1,711,798 shares in the company, valued at $66,195,228.66. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Arthur R. Block sold 5,630 shares of the firm’s 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 transaction, the executive vice president now owns 71,664 shares of the company’s stock, valued at approximately $2,858,676.96. The disclosure for this sale can be found here. Insiders sold 593,402 shares of company stock valued at $22,961,401 in the last quarter. 1.28% of the stock is currently owned by company insiders.
Several hedge funds have recently made changes to their positions in CMCSA. Janus Henderson Group PLC boosted its stake in shares of Comcast by 1,581.1% during the second quarter. Janus Henderson Group PLC now owns 28,199,798 shares of the cable giant’s stock valued at $1,097,544,000 after acquiring an additional 26,522,368 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Comcast by 2.8% during the second quarter. Vanguard Group Inc. now owns 316,845,966 shares of the cable giant’s stock valued at $12,331,646,000 after acquiring an additional 8,677,771 shares during the last quarter. Capital International Investors boosted its stake in shares of Comcast by 23.3% during the third quarter. Capital International Investors now owns 34,256,110 shares of the cable giant’s stock valued at $1,318,175,000 after acquiring an additional 6,467,802 shares during the last quarter. UBS Asset Management Americas Inc. boosted its stake in shares of Comcast by 38.4% during the second quarter. UBS Asset Management Americas Inc. now owns 18,417,341 shares of the cable giant’s stock valued at $716,803,000 after acquiring an additional 5,108,525 shares during the last quarter. Finally, Prudential Financial Inc. boosted its stake in shares of Comcast by 40.2% during the second quarter. Prudential Financial Inc. now owns 12,254,212 shares of the cable giant’s stock valued at $476,934,000 after acquiring an additional 3,513,006 shares during the last quarter. Institutional investors and hedge funds own 82.20% 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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