Moffett Nathanson reaffirmed their buy rating on shares of Comcast (NASDAQ:CMCSA) in a research note published on Thursday, January 18th, Marketbeat reports. They currently have a $52.00 price target on the cable giant’s stock, up from their prior price target of $45.00.
Several other analysts also recently weighed in on the stock. Morgan Stanley boosted their price target on shares of Comcast from $44.00 to $50.00 and gave the stock an outperform rating in a research note on Tuesday, January 9th. Pivotal Research boosted their price target on shares of Comcast from $48.00 to $50.00 and gave the stock a buy rating in a research note on Friday, October 27th. TD Securities downgraded shares of Comcast from an action list buy rating to a buy rating and boosted their price target for the stock from $42.60 to $51.00 in a research note on Friday, January 12th. Barclays lowered their price target on shares of Comcast from $44.00 to $41.00 and set an overweight rating for the company in a research note on Friday, October 27th. Finally, Wells Fargo & Co reissued a buy rating and issued a $49.00 price target on shares of Comcast in a research note on Monday, October 23rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-four have given a buy rating to the company’s stock. Comcast presently has an average rating of Buy and an average price target of $47.74.
Shares of Comcast (CMCSA) opened at $38.54 on Thursday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.74 and a quick ratio of 0.74. The firm has a market cap of $180,130.00, a price-to-earnings ratio of 8.06, a price-to-earnings-growth ratio of 1.48 and a beta of 1.04. Comcast has a one year low of $34.78 and a one year high of $44.00.
Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Wednesday, January 24th. The cable giant reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.02. The business had revenue of $21.92 billion during the quarter, compared to the consensus estimate of $21.83 billion. Comcast had a net margin of 26.87% and a return on equity of 16.47%. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.89 earnings per share. equities analysts anticipate that Comcast will post 2.46 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Wednesday, April 4th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date is Tuesday, April 3rd. This is a boost from Comcast’s previous quarterly dividend of $0.16. Comcast’s dividend payout ratio is 13.18%.
In other news, EVP Arthur R. Block sold 5,630 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 71,664 shares in the company, valued at $2,858,676.96. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Arthur R. Block sold 3,937 shares of the company’s stock in a transaction that occurred on 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 owns 65,946 shares in the company, valued at approximately $2,678,726.52. The disclosure for this sale can be found here. In the last 90 days, insiders sold 784,158 shares of company stock worth $31,070,439. Corporate insiders own 1.28% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of CMCSA. Central Bank & Trust Co. lifted its stake in shares of Comcast by 2.5% in the second quarter. Central Bank & Trust Co. now owns 13,585 shares of the cable giant’s stock worth $529,000 after buying an additional 330 shares in the last quarter. Appleton Partners Inc. MA lifted its position in Comcast by 65.5% during the second quarter. Appleton Partners Inc. MA now owns 34,711 shares of the cable giant’s stock valued at $1,351,000 after purchasing an additional 13,732 shares during the period. First Financial Bank Trust Division lifted its position in Comcast by 3.2% during the second quarter. First Financial Bank Trust Division now owns 40,117 shares of the cable giant’s stock valued at $1,562,000 after purchasing an additional 1,227 shares during the period. Pennsylvania Trust Co lifted its position in Comcast by 19.1% during the second quarter. Pennsylvania Trust Co now owns 647,172 shares of the cable giant’s stock valued at $25,188,000 after purchasing an additional 103,959 shares during the period. Finally, NN Investment Partners Holdings N.V. lifted its position in Comcast by 63.3% during the second quarter. NN Investment Partners Holdings N.V. now owns 4,087,542 shares of the cable giant’s stock valued at $159,087,000 after purchasing an additional 1,584,977 shares during the period. Hedge funds and other institutional investors own 82.52% 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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