Comcast (NASDAQ:CMCSA) Reaches New 52-Week Low – Time to Sell?

Comcast Corporation (NASDAQ:CMCSA) shares hit a new 52-week low on Tuesday . The company traded as low as $22.13 and last traded at $22.32, with a volume of 46034306 shares trading hands. The stock had previously closed at $22.43.

Analyst Ratings Changes

Several brokerages have recently commented on CMCSA. New Street Research decreased their price objective on shares of Comcast from $36.00 to $31.00 and set a “buy” rating on the stock in a report on Wednesday, May 13th. Weiss Ratings reissued a “hold (c-)” rating on shares of Comcast in a research report on Wednesday, April 8th. The Goldman Sachs Group restated a “neutral” rating and set a $29.00 price target on shares of Comcast in a research note on Thursday, April 23rd. Freedom Capital raised Comcast to a “hold” rating in a research note on Friday, June 12th. Finally, Citigroup boosted their price objective on Comcast from $33.00 to $35.50 and gave the company a “buy” rating in a report on Friday, April 24th. Nine equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Comcast presently has a consensus rating of “Hold” and a consensus target price of $34.50.

Comcast Stock Down 0.5%

The company has a debt-to-equity ratio of 1.01, a current ratio of 0.87 and a quick ratio of 0.87. The company has a market cap of $79.73 billion, a PE ratio of 4.39, a P/E/G ratio of 1.83 and a beta of 0.68. The business’s 50 day moving average is $25.71 and its 200-day moving average is $28.16.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.06. The business had revenue of $31.46 billion for the quarter, compared to analyst estimates of $30.42 billion. Comcast had a net margin of 15.00% and a return on equity of 15.47%. The company’s revenue was up 5.3% on a year-over-year basis. During the same period last year, the business earned $1.09 EPS. As a group, analysts predict that Comcast Corporation will post 3.53 EPS for the current year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 1st will be paid a $0.33 dividend. The ex-dividend date is Wednesday, July 1st. This represents a $1.32 dividend on an annualized basis and a yield of 5.9%. Comcast’s dividend payout ratio (DPR) is currently 25.98%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CMCSA. Lowe Brockenbrough & Co. Inc. lifted its stake in Comcast by 4.9% during the fourth quarter. Lowe Brockenbrough & Co. Inc. now owns 7,532 shares of the cable giant’s stock worth $225,000 after purchasing an additional 352 shares during the last quarter. Cora Capital Advisors LLC boosted its holdings in shares of Comcast by 3.4% in the 4th quarter. Cora Capital Advisors LLC now owns 11,013 shares of the cable giant’s stock valued at $329,000 after buying an additional 362 shares in the last quarter. FSA Advisors Inc. grew its position in shares of Comcast by 5.5% in the 3rd quarter. FSA Advisors Inc. now owns 7,203 shares of the cable giant’s stock valued at $226,000 after buying an additional 376 shares during the last quarter. Oakworth Capital Inc. raised its stake in Comcast by 7.4% during the 4th quarter. Oakworth Capital Inc. now owns 5,479 shares of the cable giant’s stock worth $164,000 after acquiring an additional 377 shares in the last quarter. Finally, WPG Advisers LLC boosted its stake in Comcast by 15.9% in the fourth quarter. WPG Advisers LLC now owns 2,801 shares of the cable giant’s stock valued at $84,000 after acquiring an additional 384 shares in the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Company Profile

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.