Several other brokerages have also recently weighed in on CMCSA. Morgan Stanley boosted their target price on Comcast from $44.00 to $50.00 and gave the stock an outperform rating in a report on Tuesday, January 9th. TD Securities cut Comcast from an action list buy rating to a buy rating and boosted their target price for the stock from $42.60 to $51.00 in a report on Friday, January 12th. Wells Fargo boosted their target price on Comcast from $49.00 to $50.00 and gave the stock an outperform rating in a report on Thursday, January 25th. Buckingham Research boosted their target price on Comcast from $48.00 to $50.00 and gave the stock a buy rating in a report on Monday, January 8th. Finally, Macquarie cut Comcast from an outperform rating to a neutral rating in a report on Wednesday, February 28th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-three have issued a buy rating to the stock. Comcast currently has an average rating of Buy and a consensus target price of $46.84.
NASDAQ:CMCSA opened at $33.21 on Friday. Comcast has a 12 month low of $32.74 and a 12 month high of $44.00. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.86. The company has a market cap of $154,244.06, a price-to-earnings ratio of 16.12, a PEG ratio of 1.22 and a beta of 1.17.
Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Wednesday, January 24th. The cable giant reported $0.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.02. Comcast had a return on equity of 16.47% and a net margin of 26.87%. The company had revenue of $21.92 billion during the quarter, compared to analyst estimates of $21.83 billion. During the same period in the previous year, the business earned $0.89 EPS. Comcast’s quarterly revenue was up 4.2% on a year-over-year basis. equities research analysts forecast that Comcast will post 2.47 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Wednesday, April 4th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, April 3rd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.29%. This is a positive change from Comcast’s previous quarterly dividend of $0.16. Comcast’s dividend payout ratio is currently 36.89%.
In related news, Chairman Brian L. Roberts sold 691,105 shares of the stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $36.53, for a total value of $25,246,065.65. Following the transaction, the chairman now owns 1,717,788 shares of the company’s stock, valued at $62,750,795.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Brian L. Roberts sold 358,353 shares of the 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 completion of the transaction, the chief executive officer now directly owns 1,717,788 shares in the company, valued at approximately $63,369,199.32. The disclosure for this sale can be found here. Insiders have sold 1,400,867 shares of company stock worth $52,408,044 in the last ninety days. Corporate insiders own 1.28% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its stake in Comcast by 0.8% in the third quarter. Dimensional Fund Advisors LP now owns 53,054,928 shares of the cable giant’s stock valued at $2,041,312,000 after acquiring an additional 432,491 shares in the last quarter. Geode Capital Management LLC boosted its stake in Comcast by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 49,255,602 shares of the cable giant’s stock valued at $1,968,535,000 after acquiring an additional 567,282 shares in the last quarter. Capital International Investors boosted its stake in Comcast by 23.3% in the third quarter. Capital International Investors now owns 34,256,110 shares of the cable giant’s stock valued at $1,318,175,000 after acquiring an additional 6,467,802 shares in the last quarter. TIAA CREF Investment Management LLC boosted its stake in Comcast by 2.7% in the fourth quarter. TIAA CREF Investment Management LLC now owns 33,885,075 shares of the cable giant’s stock valued at $1,357,097,000 after acquiring an additional 892,457 shares in the last quarter. Finally, Veritas Asset Management LLP boosted its stake in Comcast by 3.7% in the third quarter. Veritas Asset Management LLP now owns 33,195,373 shares of the cable giant’s stock valued at $1,277,358,000 after acquiring an additional 1,189,200 shares in the last quarter. 83.54% of the stock is currently owned by hedge funds and other institutional investors.
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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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