Comcast Corporation (CMCSA) Receives Average Recommendation of “Buy” from Analysts
Shares of Comcast Corporation (NASDAQ:CMCSA) have received an average recommendation of “Buy” from the thirty analysts that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-seven have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $45.75.
Several equities analysts have recently commented on the stock. Moffett Nathanson reissued a “buy” rating on shares of Comcast in a report on Monday, October 16th. OTR Global downgraded shares of Comcast to a “positive” rating in a report on Monday, October 30th. Buckingham Research assumed coverage on shares of Comcast in a report on Monday, November 20th. They issued a “buy” rating and a $48.00 target price on the stock. Wells Fargo & Company reissued a “buy” rating and issued a $49.00 target price on shares of Comcast in a report on Monday, October 23rd. Finally, Nomura decreased their price target on shares of Comcast from $46.00 to $42.00 and set a “buy” rating on the stock in a research note on Friday, October 27th.
In other news, Chairman Brian L. Roberts sold 583,835 shares of the stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $38.67, for a total value of $22,576,899.45. Following the sale, the chairman now owns 1,711,798 shares of the company’s stock, valued at $66,195,228.66. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Arthur R. Block sold 4,091 shares of the company’s stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $38.36, for a total transaction of $156,930.76. Following the completion of the transaction, the executive vice president now owns 68,478 shares in the company, valued at $2,626,816.08. The disclosure for this sale can be found here. Corporate insiders own 1.28% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Biegel & Waller LLC bought a new position in shares of Comcast in the second quarter worth about $432,000. Penobscot Investment Management Company Inc. grew its holdings in Comcast by 3.0% during the 2nd quarter. Penobscot Investment Management Company Inc. now owns 98,387 shares of the cable giant’s stock worth $3,829,000 after acquiring an additional 2,828 shares in the last quarter. WINTON GROUP Ltd grew its holdings in Comcast by 573.3% during the 1st quarter. WINTON GROUP Ltd now owns 219,526 shares of the cable giant’s stock worth $14,563,000 after acquiring an additional 186,920 shares in the last quarter. Artisan Partners Limited Partnership grew its holdings in Comcast by 100.9% during the 1st quarter. Artisan Partners Limited Partnership now owns 899,227 shares of the cable giant’s stock worth $33,802,000 after acquiring an additional 451,551 shares in the last quarter. Finally, Tower Bridge Advisors grew its holdings in Comcast by 10.1% during the 2nd quarter. Tower Bridge Advisors now owns 142,129 shares of the cable giant’s stock worth $5,532,000 after acquiring an additional 13,003 shares in the last quarter. Hedge funds and other institutional investors own 82.50% of the company’s stock.
Comcast (CMCSA) traded up $0.59 during mid-day trading on Monday, hitting $39.71. 47,358,402 shares of the stock traded hands, compared to its average volume of 20,502,658. Comcast has a 1 year low of $34.12 and a 1 year high of $42.18. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.74 and a quick ratio of 0.74. The stock has a market capitalization of $185,595.44, a P/E ratio of 19.71, a PEG ratio of 1.90 and a beta of 1.01.
Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, October 26th. The cable giant reported $0.52 EPS for the quarter, topping the consensus estimate of $0.49 by $0.03. Comcast had a net margin of 11.99% and a return on equity of 17.17%. The firm had revenue of $20.98 billion for the quarter, compared to the consensus estimate of $21.05 billion. During the same quarter in the previous year, the firm earned $0.92 earnings per share. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. equities analysts expect that Comcast will post 2.06 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 3rd will be paid a $0.157 dividend. This represents a $0.63 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Tuesday, January 2nd. Comcast’s dividend payout ratio is currently 30.36%.
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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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