Comcast (NASDAQ:CMCSA) Stock Price Up 0.7%

Comcast Co. (NASDAQ:CMCSA)’s share price shot up 0.7% on Tuesday . The stock traded as high as $39.63 and last traded at $39.49. 2,463,052 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 20,541,432 shares. The stock had previously closed at $39.21.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of several analyst reports. Scotiabank dropped their price target on shares of Comcast from $50.00 to $47.25 and set a “sector perform” rating on the stock in a research note on Friday, April 26th. Deutsche Bank Aktiengesellschaft decreased their price target on Comcast from $55.00 to $53.00 in a research note on Friday, April 5th. Evercore ISI restated an “outperform” rating and issued a $50.00 target price on shares of Comcast in a report on Tuesday, March 26th. BNP Paribas reissued a “neutral” rating and issued a $45.00 price target on shares of Comcast in a research report on Tuesday, April 9th. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and set a $45.00 price objective on shares of Comcast in a report on Friday, April 26th. Ten equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Comcast has a consensus rating of “Moderate Buy” and a consensus price target of $49.33.

Comcast Trading Up 0.0 %

The stock has a market cap of $152.63 billion, a P/E ratio of 10.29, a price-to-earnings-growth ratio of 0.98 and a beta of 0.99. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.13. The business’s fifty day simple moving average is $40.37 and its 200 day simple moving average is $42.09.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, beating the consensus estimate of $0.98 by $0.06. The company had revenue of $30.06 billion during the quarter, compared to analysts’ expectations of $29.83 billion. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period last year, the firm earned $0.92 EPS. As a group, analysts expect that Comcast Co. will post 4.21 EPS for the current year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 24th. Investors of record on Wednesday, July 3rd will be issued a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $1.24 dividend on an annualized basis and a yield of 3.19%. Comcast’s dividend payout ratio is presently 32.80%.

Institutional Investors Weigh In On Comcast

Large investors have recently bought and sold shares of the company. WealthPlan Investment Management LLC increased its position in shares of Comcast by 437.0% during the third quarter. WealthPlan Investment Management LLC now owns 8,495 shares of the cable giant’s stock worth $377,000 after acquiring an additional 6,913 shares in the last quarter. Larson Financial Group LLC lifted its holdings in shares of Comcast by 38.1% in the third quarter. Larson Financial Group LLC now owns 7,372 shares of the cable giant’s stock valued at $327,000 after purchasing an additional 2,034 shares in the last quarter. NewSquare Capital LLC grew its holdings in shares of Comcast by 94.1% during the third quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock worth $28,000 after buying an additional 302 shares in the last quarter. Q3 Asset Management bought a new stake in Comcast in the 3rd quarter valued at approximately $1,968,000. Finally, NBC Securities Inc. acquired a new position in Comcast during the 3rd quarter worth approximately $5,077,000. Institutional investors own 84.32% of the company’s stock.

About Comcast

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.