Analysts Set Comcast Corporation (NASDAQ:CMCSA) Price Target at $42.10

Shares of Comcast Corporation (NASDAQ:CMCSA) have earned an average rating of “Hold” from the twenty-six analysts that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation, twelve have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $40.96.

A number of equities analysts have issued reports on the company. KeyCorp decreased their price objective on Comcast from $47.00 to $45.00 and set an “overweight” rating for the company in a report on Monday, April 14th. Rothschild & Co Redburn decreased their price target on shares of Comcast from $44.00 to $35.00 in a research note on Friday, June 20th. Oppenheimer lowered their price target on shares of Comcast from $55.00 to $38.00 and set an “outperform” rating for the company in a research report on Friday, April 25th. New Street Research cut their price objective on shares of Comcast from $44.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Finally, UBS Group set a $44.50 target price on shares of Comcast in a report on Friday, April 25th.

Institutional Trading of Comcast

Several large investors have recently modified their holdings of CMCSA. Raymond James Financial Inc. purchased a new stake in Comcast during the fourth quarter valued at approximately $743,681,000. Mission Wealth Management LP increased its stake in shares of Comcast by 8.3% in the 4th quarter. Mission Wealth Management LP now owns 43,509 shares of the cable giant’s stock worth $1,633,000 after purchasing an additional 3,344 shares in the last quarter. Aviva PLC increased its stake in shares of Comcast by 7.2% in the 4th quarter. Aviva PLC now owns 2,327,702 shares of the cable giant’s stock worth $87,359,000 after purchasing an additional 156,986 shares in the last quarter. DAVENPORT & Co LLC raised its holdings in Comcast by 41.7% in the 1st quarter. DAVENPORT & Co LLC now owns 4,282,833 shares of the cable giant’s stock worth $157,766,000 after purchasing an additional 1,261,278 shares during the period. Finally, First Eagle Investment Management LLC lifted its position in Comcast by 7.1% during the fourth quarter. First Eagle Investment Management LLC now owns 34,101,077 shares of the cable giant’s stock valued at $1,279,813,000 after purchasing an additional 2,270,186 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

Shares of Comcast stock opened at $35.93 on Friday. The business has a 50 day moving average of $34.81 and a 200 day moving average of $35.50. Comcast has a 52 week low of $31.44 and a 52 week high of $45.31. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.06. The company has a market cap of $134.13 billion, a PE ratio of 8.83, a P/E/G ratio of 1.74 and a beta of 0.95.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, topping the consensus estimate of $1.01 by $0.08. Comcast had a net margin of 12.72% and a return on equity of 19.70%. The business had revenue of $29.89 billion during the quarter, compared to analyst estimates of $29.82 billion. During the same period last year, the business posted $1.04 earnings per share. Comcast’s quarterly revenue was down .6% compared to the same quarter last year. As a group, equities research analysts forecast that Comcast will post 4.33 earnings per share for the current year.

Comcast Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 2nd will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 3.67%. The ex-dividend date is Wednesday, July 2nd. Comcast’s dividend payout ratio is currently 32.43%.

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.