Scotiabank set a $52.00 target price on Comcast (NASDAQ:CMCSA) in a report published on Friday. The firm currently has a buy rating on the cable giant’s stock.
Several other analysts also recently weighed in on CMCSA. Nomura restated a neutral rating and set a $42.00 target price (down from $45.00) on shares of Comcast in a research note on Thursday. Moffett Nathanson restated a buy rating and set a $52.00 target price (up from $45.00) on shares of Comcast in a research note on Thursday. TD Securities downgraded Comcast from an action list buy rating to a buy rating and raised their target price for the company from $42.60 to $51.00 in a research note on Friday, January 12th. Instinet downgraded Comcast from a buy rating to a neutral rating and raised their target price for the company from $42.00 to $45.00 in a research note on Thursday. Finally, Royal Bank of Canada restated a buy rating and set a $45.00 target price on shares of Comcast in a research note on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-five have given a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $46.83.
Shares of Comcast (CMCSA) traded up $0.65 during trading on Friday, hitting $42.50. The stock had a trading volume of 23,591,600 shares, compared to its average volume of 20,313,563. 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 firm has a market capitalization of $200,040.00, a P/E ratio of 20.05, a PEG ratio of 1.84 and a beta of 1.00. Comcast has a 12 month low of $34.78 and a 12 month high of $42.71.
Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.03. The company 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% on a year-over-year basis. During the same period last year, the firm earned $0.92 earnings per share. sell-side analysts expect that Comcast will post 2.05 earnings per share for the current 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 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 yield of 1.48%. Comcast’s dividend payout ratio is currently 29.72%.
In other Comcast news, Chairman Brian L. Roberts sold 583,835 shares of the firm’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $38.67, for a total value of $22,576,899.45. Following the transaction, the chairman now owns 1,711,798 shares of the company’s stock, valued at $66,195,228.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 completion of the transaction, the executive vice president now directly owns 65,946 shares in the company, valued at approximately $2,678,726.52. The disclosure for this sale can be found here. Insiders sold 593,402 shares of company stock worth $22,961,401 in the last three months. 1.28% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Biegel & Waller LLC bought a new stake in Comcast during the second quarter worth approximately $432,000. Penobscot Investment Management Company Inc. raised its holdings in Comcast by 3.0% during the second quarter. Penobscot Investment Management Company Inc. now owns 98,387 shares of the cable giant’s stock worth $3,829,000 after purchasing an additional 2,828 shares in the last quarter. Jennison Associates LLC raised its holdings in Comcast by 1.4% during the second quarter. Jennison Associates LLC now owns 6,126,289 shares of the cable giant’s stock worth $238,435,000 after purchasing an additional 83,461 shares in the last quarter. iAB Financial Bank bought a new stake in Comcast during the second quarter worth approximately $244,000. Finally, Stoneridge Investment Partners LLC bought a new stake in Comcast during the second quarter worth approximately $5,993,000. 82.26% of the stock is currently owned by institutional investors.
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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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