Moffett Nathanson reissued their buy rating on shares of Comcast (NASDAQ:CMCSA) in a research note released on Thursday morning, MarketBeat.com reports. The brokerage currently has a $52.00 price objective on the cable giant’s stock, up from their previous price objective of $45.00.
A number of other analysts have also recently commented on CMCSA. Robert W. Baird reaffirmed an outperform rating on shares of Comcast in a research report on Wednesday, September 20th. Morgan Stanley reaffirmed an overweight rating and set a $44.00 price target on shares of Comcast in a research report on Thursday, September 21st. KeyCorp reaffirmed a hold rating on shares of Comcast in a research report on Tuesday, October 17th. Royal Bank of Canada reiterated a buy rating and set a $45.00 price objective on shares of Comcast in a report on Wednesday, October 18th. Finally, Wells Fargo & Co reiterated a buy rating and set a $49.00 price objective on shares of Comcast in a report on Monday, October 23rd. One equities 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’s stock. Comcast has a consensus rating of Buy and a consensus target price of $46.83.
Shares of Comcast (NASDAQ:CMCSA) traded up $0.65 on Thursday, reaching $42.50. 22,344,138 shares of the company’s stock were exchanged, compared to its average volume of 21,530,000. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $198,640.00, a PE ratio of 20.05, a P/E/G ratio of 1.84 and a beta of 1.00. Comcast has a twelve month low of $34.78 and a twelve month high of $42.71.
Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, October 26th. The cable giant reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.03. The business had revenue of $20.98 billion for the quarter, compared to analysts’ expectations of $21.05 billion. Comcast had a net margin of 11.99% and a return on equity of 17.17%. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.92 earnings per share. research analysts forecast that Comcast will post 2.05 EPS for the current fiscal year.
The firm 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 $0.157 dividend. The ex-dividend date is Tuesday, January 2nd. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.48%. Comcast’s dividend payout ratio is presently 29.72%.
In related news, EVP Arthur R. Block sold 3,937 shares of the company’s stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $40.62, for a total value of $159,920.94. Following the sale, the executive vice president now owns 65,946 shares in the company, valued at approximately $2,678,726.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Brian L. Roberts sold 583,835 shares of the company’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $38.67, for a total transaction of $22,576,899.45. Following the completion of the sale, the chairman now owns 1,711,798 shares in the company, valued at approximately $66,195,228.66. The disclosure for this sale can be found here. Insiders sold a total of 593,402 shares of company stock worth $22,961,401 in the last 90 days. 1.28% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake 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 buying an additional 8,677,771 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Comcast by 1.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 57,003,759 shares of the cable giant’s stock valued at $2,218,587,000 after buying an additional 680,012 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Comcast by 0.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 53,054,928 shares of the cable giant’s stock valued at $2,041,312,000 after buying an additional 432,491 shares during the last quarter. Capital International Investors grew its position in shares of Comcast by 23.3% during 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 acquiring an additional 6,467,802 shares during the period. Finally, Veritas Asset Management LLP grew its position in shares of Comcast by 3.7% during the 3rd quarter. Veritas Asset Management LLP now owns 33,195,373 shares of the cable giant’s stock valued at $1,277,358,000 after acquiring an additional 1,189,200 shares during the period. Institutional investors 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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