BNP Paribas Lowers Comcast (NASDAQ:CMCSA) to Underperform

BNP Paribas lowered shares of Comcast (NASDAQ:CMCSAFree Report) from a neutral rating to an underperform rating in a research report released on Tuesday, MarketBeat Ratings reports. BNP Paribas currently has $34.00 price target on the cable giant’s stock.

A number of other brokerages also recently weighed in on CMCSA. Oppenheimer reaffirmed an outperform rating and issued a $55.00 target price on shares of Comcast in a research note on Wednesday, April 3rd. StockNews.com cut shares of Comcast from a strong-buy rating to a buy rating in a report on Friday, March 22nd. Citigroup cut their price target on shares of Comcast from $53.00 to $48.00 and set a buy rating for the company in a research note on Monday, April 29th. Evercore ISI reiterated an outperform rating and issued a $50.00 price target on shares of Comcast in a research note on Tuesday, March 26th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Comcast from $55.00 to $53.00 in a research note on Friday, April 5th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of $48.83.

Read Our Latest Report on Comcast

Comcast Trading Down 0.7 %

Shares of CMCSA stock opened at $37.58 on Tuesday. Comcast has a 12-month low of $36.43 and a 12-month high of $47.46. The company has a market capitalization of $147.45 billion, a P/E ratio of 9.94, a P/E/G ratio of 0.97 and a beta of 1.00. The firm has a 50-day moving average price of $39.13 and a 200 day moving average price of $41.71. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.13.

Comcast (NASDAQ:CMCSAGet Free Report) last announced its quarterly earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.06. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The firm had revenue of $30.06 billion during the quarter, compared to the consensus estimate of $29.83 billion. During the same period last year, the firm posted $0.92 EPS. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. Research analysts forecast that Comcast will post 4.21 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Wednesday, July 3rd will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 3.30%. The ex-dividend date is Wednesday, July 3rd. Comcast’s dividend payout ratio is currently 32.80%.

Insider Buying and Selling at Comcast

In other Comcast news, major shareholder Corp Comcast sold 3,176,923 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $3.19, for a total transaction of $10,134,384.37. Following the completion of the transaction, the insider now owns 2,000,000 shares of the company’s stock, valued at $6,380,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.26% of the company’s stock.

Hedge Funds Weigh In On Comcast

Institutional investors and hedge funds have recently modified their holdings of the stock. Luken Investment Analytics LLC increased its holdings in shares of Comcast by 258.0% during the first quarter. Luken Investment Analytics LLC now owns 580 shares of the cable giant’s stock valued at $25,000 after acquiring an additional 418 shares in the last quarter. Steph & Co. increased its holdings in Comcast by 154.6% in the 1st quarter. Steph & Co. now owns 611 shares of the cable giant’s stock worth $26,000 after buying an additional 371 shares in the last quarter. OLD Point Trust & Financial Services N A bought a new stake in Comcast in the 4th quarter worth about $28,000. Pineridge Advisors LLC bought a new stake in Comcast in the 4th quarter worth about $32,000. Finally, Financial Synergies Wealth Advisors Inc. increased its holdings in Comcast by 336.9% in the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 769 shares of the cable giant’s stock worth $33,000 after buying an additional 593 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

About Comcast

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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.

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