Shares of Comcast Corporation (NASDAQ:CMCSA) have been assigned an average recommendation of “Buy” from the thirty research firms that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $45.98.
A number of analysts have recently issued reports on the company. Buckingham Research assumed coverage on Comcast in a research report on Monday, November 20th. They set a “buy” rating and a $48.00 price objective on the stock. Robert W. Baird reaffirmed a “buy” rating and issued a $43.00 price target on shares of Comcast in a research note on Friday, November 17th. Argus boosted their price target on Comcast from $44.00 to $48.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $45.00 price target on shares of Comcast in a research note on Wednesday, October 18th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Comcast in a research note on Tuesday, October 17th.
Comcast (NASDAQ:CMCSA) traded down $0.54 on Thursday, hitting $35.87. The stock had a trading volume of 12,296,441 shares, compared to its average volume of 24,289,050. The company has a market capitalization of $167,648.16, a PE ratio of 17.80, a PEG ratio of 1.88 and a beta of 1.00. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.06. Comcast has a 1-year low of $34.01 and a 1-year high of $42.18.
Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, October 26th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 17.17% and a net margin of 11.99%. Comcast’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.92 earnings per share. analysts anticipate that Comcast will post 2.06 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 3rd will be paid a $0.157 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend is Tuesday, January 2nd. Comcast’s dividend payout ratio is currently 30.36%.
In other Comcast news, EVP Arthur R. Block sold 4,091 shares of the business’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $38.36, for a total value of $156,930.76. Following the transaction, the executive vice president now owns 68,478 shares of the company’s stock, valued at $2,626,816.08. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Kenneth J. Bacon sold 2,232 shares of the business’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $37.27, for a total value of $83,186.64. Following the completion of the transaction, the director now directly owns 24,580 shares in the company, valued at approximately $916,096.60. The disclosure for this sale can be found here. 1.28% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently modified their holdings of CMCSA. Biegel & Waller LLC bought a new stake in Comcast in the second quarter valued at about $432,000. Penobscot Investment Management Company Inc. increased its holdings in Comcast by 3.0% in the second quarter. Penobscot Investment Management Company Inc. now owns 98,387 shares of the cable giant’s stock valued at $3,829,000 after purchasing an additional 2,828 shares during the last quarter. WINTON GROUP Ltd increased its holdings in Comcast by 573.3% in the first quarter. WINTON GROUP Ltd now owns 219,526 shares of the cable giant’s stock valued at $14,563,000 after purchasing an additional 186,920 shares during the last quarter. Artisan Partners Limited Partnership increased its holdings in Comcast by 100.9% in the first quarter. Artisan Partners Limited Partnership now owns 899,227 shares of the cable giant’s stock valued at $33,802,000 after purchasing an additional 451,551 shares during the last quarter. Finally, Tower Bridge Advisors increased its holdings in Comcast by 10.1% in the second quarter. Tower Bridge Advisors now owns 142,129 shares of the cable giant’s stock valued at $5,532,000 after purchasing an additional 13,003 shares during the last quarter. 81.60% of the stock is currently 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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