BidaskClub upgraded shares of Comcast (NASDAQ:CMCSA) from a sell rating to a hold rating in a research note issued to investors on Monday, February 25th.
Other analysts have also recently issued reports about the company. ValuEngine raised Comcast from a sell rating to a hold rating in a research note on Wednesday, October 31st. Scotiabank set a $48.00 price objective on shares of Comcast and gave the stock a buy rating in a report on Wednesday, October 31st. Morgan Stanley initiated coverage on shares of Comcast in a report on Thursday, November 8th. They issued an overweight rating and a $46.00 price objective for the company. Barclays initiated coverage on shares of Comcast in a report on Tuesday, November 13th. They issued an overweight rating and a $44.00 price objective for the company. Finally, Wolfe Research initiated coverage on shares of Comcast in a report on Friday, December 7th. They set an outperform rating for the company. Nine investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $43.60.
CMCSA traded down $0.59 during midday trading on Monday, reaching $39.46. 16,988,306 shares of the company were exchanged, compared to its average volume of 20,807,076. The firm has a market capitalization of $186.01 billion, a P/E ratio of 15.47, a P/E/G ratio of 1.20 and a beta of 1.10. Comcast has a one year low of $30.43 and a one year high of $40.52. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.79 and a current ratio of 0.79.
Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Wednesday, January 23rd. The cable giant reported $0.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.02. The company had revenue of $27.85 billion for the quarter, compared to the consensus estimate of $27.56 billion. Comcast had a return on equity of 16.49% and a net margin of 12.41%. The firm’s revenue was up 26.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.49 earnings per share. On average, equities analysts forecast that Comcast will post 2.75 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 3rd will be given a dividend of $0.21 per share. This is a boost from Comcast’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Tuesday, April 2nd. This represents a $0.84 dividend on an annualized basis and a yield of 2.13%. Comcast’s dividend payout ratio is presently 29.80%.
In related news, CAO Daniel C. Murdock sold 919 shares of the firm’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $40.36, for a total transaction of $37,090.84. Following the sale, the chief accounting officer now owns 3,453 shares in the company, valued at $139,363.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Brian L. Roberts sold 203,933 shares of the firm’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $39.89, for a total transaction of $8,134,887.37. Following the sale, the chief executive officer now owns 4,243,449 shares in the company, valued at approximately $169,271,180.61. The disclosure for this sale can be found here. Insiders have sold 1,113,737 shares of company stock valued at $42,237,987 in the last three months. 1.31% of the stock is currently owned by corporate insiders.
Several large investors have recently bought and sold shares of the company. GSA Capital Partners LLP grew its holdings in shares of Comcast by 1.7% in the fourth quarter. GSA Capital Partners LLP now owns 16,864 shares of the cable giant’s stock valued at $574,000 after purchasing an additional 281 shares in the last quarter. Lourd Capital LLC grew its holdings in shares of Comcast by 2.4% in the fourth quarter. Lourd Capital LLC now owns 12,842 shares of the cable giant’s stock valued at $437,000 after purchasing an additional 295 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in Comcast by 2.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 12,173 shares of the cable giant’s stock worth $414,000 after acquiring an additional 296 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC grew its holdings in Comcast by 4.8% during the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 6,542 shares of the cable giant’s stock worth $223,000 after acquiring an additional 300 shares in the last quarter. Finally, Clearstead Advisors LLC grew its holdings in Comcast by 1.2% during the 4th quarter. Clearstead Advisors LLC now owns 27,320 shares of the cable giant’s stock worth $930,000 after acquiring an additional 325 shares in the last quarter. 80.05% of the stock is currently owned by hedge funds and other institutional investors.
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.
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