Comcast Corporation (CMCSA) Rating Reiterated by Robert W. Baird
A number of other equities analysts also recently weighed in on CMCSA. Argus boosted their target price on shares of Comcast Corporation from $44.00 to $48.00 and gave the stock a buy rating in a report on Friday, August 4th. Instinet restated a buy rating and set a $46.00 target price on shares of Comcast Corporation in a report on Wednesday, June 28th. Wells Fargo & Company restated an outperform rating and set a $44.00 target price on shares of Comcast Corporation in a report on Wednesday, June 28th. Bank of America Corporation boosted their target price on shares of Comcast Corporation from $45.00 to $50.00 and gave the stock a buy rating in a report on Friday, June 30th. Finally, UBS AG restated an overweight rating on shares of Comcast Corporation in a report on Thursday, August 24th. Three research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. Comcast Corporation has a consensus rating of Buy and an average target price of $45.83.
Comcast Corporation (CMCSA) traded down 0.89% during mid-day trading on Wednesday, hitting $38.01. 18,821,459 shares of the company traded hands. Comcast Corporation has a one year low of $30.02 and a one year high of $42.18. The stock has a market capitalization of $179.16 billion, a price-to-earnings ratio of 19.15 and a beta of 0.98. The company’s 50-day moving average is $38.94 and its 200-day moving average is $39.22.
Comcast Corporation (NASDAQ:CMCSA) last issued its earnings results on Thursday, July 27th. The cable giant reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.04. The business had revenue of $21.17 billion for the quarter, compared to the consensus estimate of $20.85 billion. Comcast Corporation had a net margin of 11.45% and a return on equity of 16.80%. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.83 earnings per share. Analysts predict that Comcast Corporation will post $2.04 EPS for the current year.
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The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 4th will be paid a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend is Tuesday, October 3rd. Comcast Corporation’s payout ratio is 31.74%.
In other news, Director Kenneth J. Bacon sold 2,232 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $37.27, for a total value of $83,186.64. Following the completion of the transaction, the director now owns 24,580 shares of the company’s stock, valued at $916,096.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Arthur R. Block sold 4,091 shares of the company’s stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $38.36, for a total value of $156,930.76. Following the completion of the transaction, the executive vice president now directly owns 68,478 shares of the company’s stock, valued at approximately $2,626,816.08. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,982 shares of company stock valued at $385,050. Insiders own 1.28% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in CMCSA. State Street Corp increased its stake in shares of Comcast Corporation by 97.6% in the first quarter. State Street Corp now owns 199,519,367 shares of the cable giant’s stock valued at $7,499,933,000 after buying an additional 98,570,377 shares during the period. Clearbridge Investments LLC increased its stake in shares of Comcast Corporation by 97.6% in the first quarter. Clearbridge Investments LLC now owns 97,454,749 shares of the cable giant’s stock valued at $3,663,324,000 after buying an additional 48,147,456 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Comcast Corporation by 95.7% in the first quarter. Ameriprise Financial Inc. now owns 59,716,372 shares of the cable giant’s stock valued at $2,244,768,000 after buying an additional 29,199,805 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Comcast Corporation by 103.1% in the first quarter. Bank of New York Mellon Corp now owns 56,323,747 shares of the cable giant’s stock valued at $2,117,212,000 after buying an additional 28,597,277 shares during the period. Finally, Janus Henderson Group PLC increased its stake in shares of Comcast Corporation by 1,581.1% in the second quarter. Janus Henderson Group PLC now owns 28,199,798 shares of the cable giant’s stock valued at $1,097,544,000 after buying an additional 26,522,368 shares during the period. 81.93% of the stock is owned by institutional investors.
About Comcast Corporation
Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.
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