ValuEngine upgraded shares of Comcast (NASDAQ:CMCSA) from a sell rating to a hold rating in a research report report published on Wednesday.
Several other brokerages have also commented on CMCSA. Credit Suisse Group initiated coverage on shares of Comcast in a report on Tuesday, July 10th. They issued a neutral rating and a $36.00 price objective on the stock. Raymond James upgraded shares of Comcast from a market perform rating to an outperform rating in a report on Thursday, July 19th. Pivotal Research restated a buy rating and issued a $48.00 price objective on shares of Comcast in a report on Monday, July 30th. Robert W. Baird decreased their price objective on shares of Comcast from $42.00 to $41.00 and set an outperform rating on the stock in a report on Monday, July 30th. Finally, Atlantic Securities upgraded shares of Comcast from a neutral rating to an overweight rating and set a $42.00 price objective on the stock in a report on Monday, August 6th. Nine analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of Buy and an average target price of $44.71.
NASDAQ:CMCSA traded down $0.29 on Wednesday, hitting $37.66. The stock had a trading volume of 24,521,289 shares, compared to its average volume of 27,151,908. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.18 and a quick ratio of 1.18. The firm has a market capitalization of $177.14 billion, a price-to-earnings ratio of 15.83, a PEG ratio of 1.21 and a beta of 0.92. Comcast has a 1-year low of $30.43 and a 1-year high of $44.00.
Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, October 25th. The cable giant reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.04. The company had revenue of $22.14 billion for the quarter, compared to analyst estimates of $21.75 billion. Comcast had a net margin of 27.33% and a return on equity of 15.79%. As a group, equities analysts anticipate that Comcast will post 2.53 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 23rd. Shareholders of record on Wednesday, January 2nd will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend is Monday, December 31st. Comcast’s payout ratio is currently 36.89%.
In other Comcast news, EVP Arthur R. Block sold 1,082 shares of the firm’s stock in a transaction on Monday, September 24th. The shares were sold at an average price of $35.94, for a total transaction of $38,887.08. Following the transaction, the executive vice president now directly owns 62,476 shares of the company’s stock, valued at approximately $2,245,387.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Arthur R. Block sold 6,448 shares of the firm’s stock in a transaction on Thursday, September 27th. The stock was sold at an average price of $35.48, for a total transaction of $228,775.04. Following the transaction, the executive vice president now directly owns 74,644 shares in the company, valued at $2,648,369.12. The disclosure for this sale can be found here. Company insiders own 1.31% of the company’s stock.
A number of institutional investors have recently modified their holdings of the business. Thornburg Investment Management Inc. lifted its stake in shares of Comcast by 1.7% in the third quarter. Thornburg Investment Management Inc. now owns 2,037,092 shares of the cable giant’s stock valued at $72,133,000 after purchasing an additional 34,458 shares during the period. Bank of The West lifted its stake in shares of Comcast by 3.1% in the third quarter. Bank of The West now owns 343,858 shares of the cable giant’s stock valued at $12,176,000 after purchasing an additional 10,371 shares during the period. Canandaigua National Bank & Trust Co. lifted its stake in shares of Comcast by 8.1% in the third quarter. Canandaigua National Bank & Trust Co. now owns 75,159 shares of the cable giant’s stock valued at $2,661,000 after purchasing an additional 5,602 shares during the period. Vantage Financial Partners Ltd. Inc. acquired a new stake in shares of Comcast in the third quarter valued at about $563,000. Finally, Cadence Capital Management LLC lifted its stake in shares of Comcast by 15.6% in the third quarter. Cadence Capital Management LLC now owns 290,738 shares of the cable giant’s stock valued at $10,295,000 after purchasing an additional 39,171 shares during the period. 80.43% of the stock is currently owned by institutional investors.
Comcast Company Profile
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.
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