Other research analysts have also issued reports about the company. Pivotal Research reissued a buy rating and set a $52.00 target price on shares of Comcast in a report on Wednesday, January 24th. Macquarie reissued a buy rating and set a $40.00 target price on shares of Comcast in a report on Thursday, December 7th. Nomura reissued a neutral rating and set a $42.00 target price (down from $45.00) on shares of Comcast in a report on Thursday, January 18th. Instinet lowered Comcast from a buy rating to a neutral rating and boosted their target price for the stock from $42.00 to $45.00 in a report on Thursday, January 18th. Finally, SunTrust Banks boosted their target price on Comcast to $50.00 and gave the stock a buy rating in a report on Thursday, January 25th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twenty-three have given a buy rating to the company. Comcast has a consensus rating of Buy and a consensus target price of $50.25.
Comcast stock traded up $0.26 during trading hours on Thursday, hitting $33.49. The company’s stock had a trading volume of 19,514,553 shares, compared to its average volume of 26,743,965. The firm has a market cap of $160,189.05, a price-to-earnings ratio of 7.05, a price-to-earnings-growth ratio of 1.25 and a beta of 1.16. Comcast has a 52-week low of $33.21 and a 52-week high of $44.00. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.74 and a quick ratio of 0.74.
Comcast (NASDAQ:CMCSA) last posted its earnings results on Wednesday, January 24th. The cable giant reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. The business had revenue of $21.92 billion for the quarter, compared to analyst estimates of $21.83 billion. Comcast had a return on equity of 16.47% and a net margin of 26.87%. The firm’s revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.89 EPS. equities research analysts forecast that Comcast will post 2.52 EPS for the current year.
The company 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 2.27%. This is a positive change from Comcast’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Tuesday, April 3rd. Comcast’s dividend payout ratio is currently 13.21%.
In other news, EVP Stephen B. Burke sold 190,756 shares of the company’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $42.51, for a total transaction of $8,109,037.56. Following the completion of the sale, the executive vice president now directly owns 1,214,811 shares in the company, valued at approximately $51,641,615.61. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Brian L. Roberts sold 358,353 shares of the company’s stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $36.89, for a total value of $13,219,642.17. Following the sale, the chief executive officer now owns 1,717,788 shares of the company’s stock, valued at $63,369,199.32. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,386,660 shares of company stock worth $51,959,317. Insiders own 1.28% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Crewe Advisors LLC acquired a new position in Comcast in the 4th quarter worth about $102,000. Wealthcare Advisory Partners LLC acquired a new position in Comcast in the 3rd quarter worth about $104,000. Vigilant Capital Management LLC increased its holdings in Comcast by 474.2% in the 4th quarter. Vigilant Capital Management LLC now owns 2,584 shares of the cable giant’s stock worth $104,000 after purchasing an additional 2,134 shares in the last quarter. Clear Perspective Advisors LLC increased its holdings in Comcast by 100.1% in the 2nd quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock worth $106,000 after purchasing an additional 1,362 shares in the last quarter. Finally, MPS Loria Financial Planners LLC acquired a new position in Comcast in the 2nd quarter worth about $107,000. Hedge funds and other institutional investors own 83.44% of the company’s stock.
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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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