BidaskClub lowered shares of Comcast (NASDAQ:CMCSA) from a hold rating to a sell rating in a report issued on Friday morning.
Several other research analysts have also recently weighed in on CMCSA. Barclays lowered their price target on shares of Comcast from $44.00 to $41.00 and set an overweight rating on the stock in a report on Friday, October 27th. TD Securities increased their price target on shares of Comcast from $51.00 to $52.00 and gave the company a buy rating in a report on Thursday, January 25th. Nomura reissued a neutral rating and issued a $42.00 price target (down from $45.00) on shares of Comcast in a report on Thursday, January 18th. Buckingham Research increased their price target on shares of Comcast from $48.00 to $50.00 and gave the company a buy rating in a report on Monday, January 8th. Finally, Pivotal Research reissued a buy rating and issued a $52.00 price target on shares of Comcast in a report on Wednesday, January 24th. 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 stock. The company has an average rating of Buy and a consensus target price of $47.74.
Shares of Comcast (NASDAQ:CMCSA) traded up $0.70 during mid-day trading on Friday, hitting $39.50. 16,482,465 shares of the stock were exchanged, compared to its average volume of 26,470,000. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.74 and a current ratio of 0.74. The company has a market cap of $186,770.00, a PE ratio of 18.81, a price-to-earnings-growth ratio of 1.49 and a beta of 1.04. Comcast has a 12 month low of $34.78 and a 12 month high of $44.00.
Comcast (NASDAQ:CMCSA) last issued its earnings results on Wednesday, January 24th. The cable giant reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.02. The company had revenue of $21.92 billion for the quarter, compared to analysts’ expectations of $21.83 billion. Comcast had a net margin of 26.87% and a return on equity of 16.47%. Comcast’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.89 EPS. research analysts anticipate that Comcast will post 2.45 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Wednesday, April 4th will be given a dividend of $0.19 per share. This is a positive change from Comcast’s previous quarterly dividend of $0.16. The ex-dividend date is Tuesday, April 3rd. This represents a $0.76 annualized dividend and a dividend yield of 1.92%. Comcast’s dividend payout ratio (DPR) is currently 30.00%.
In related news, EVP Stephen B. Burke sold 190,756 shares of the stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $42.51, for a total value of $8,109,037.56. Following the completion of the transaction, the executive vice president now owns 1,214,811 shares of the company’s stock, valued at approximately $51,641,615.61. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Arthur R. Block sold 5,630 shares of the stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $39.89, for a total transaction of $224,580.70. Following the completion of the transaction, the executive vice president now directly 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 have sold a total of 784,158 shares of company stock worth $31,070,439 in the last quarter. 1.28% of the stock is currently owned by company insiders.
A number of large investors have recently modified their holdings of CMCSA. Crewe Advisors LLC bought a new position in shares of Comcast during the fourth quarter valued at $102,000. Wealthcare Advisory Partners LLC bought a new position in shares of Comcast during the third quarter valued at $104,000. Vigilant Capital Management LLC raised its stake in shares of Comcast by 474.2% during the fourth quarter. Vigilant Capital Management LLC now owns 2,584 shares of the cable giant’s stock valued at $104,000 after acquiring an additional 2,134 shares during the last quarter. Clear Perspective Advisors LLC raised its stake in shares of Comcast by 100.1% during the second quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock valued at $106,000 after acquiring an additional 1,362 shares during the last quarter. Finally, MPS Loria Financial Planners LLC bought a new position in shares of Comcast during the second quarter valued at $107,000. 82.26% of the stock is owned by institutional investors and hedge funds.
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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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