Brokerages Set Comcast Co. (NASDAQ:CMCSA) PT at $48.83

Shares of Comcast Co. (NASDAQ:CMCSAGet Free Report) have been assigned a consensus rating of “Hold” from the twenty-one brokerages that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $48.83.

Several equities research analysts have commented on the company. Scotiabank dropped their price target on Comcast from $50.00 to $47.25 and set a “sector perform” rating for the company in a research note on Friday, April 26th. Wells Fargo & Company dropped their price target on Comcast from $47.00 to $43.00 and set an “equal weight” rating for the company in a research note on Friday, April 26th. Rosenblatt Securities restated a “neutral” rating and set a $45.00 price target on shares of Comcast in a research note on Friday, April 26th. BNP Paribas lowered Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price target for the company. in a research note on Tuesday, June 11th. Finally, StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd.

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Comcast Stock Performance

Comcast stock opened at $38.48 on Wednesday. The firm has a market capitalization of $150.98 billion, a P/E ratio of 10.18, a PEG ratio of 0.95 and a beta of 1.00. The stock has a fifty day moving average price of $38.81 and a 200 day moving average price of $41.52. Comcast has a 52 week low of $36.43 and a 52 week high of $47.46. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.13.

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

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Wednesday, July 3rd will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date is Wednesday, July 3rd. Comcast’s dividend payout ratio is presently 32.80%.

Insiders Place Their Bets

In other Comcast news, major shareholder Corp Comcast sold 3,176,923 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 2,000,000 shares of the company’s stock, valued at approximately $6,380,000. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.26% of the stock is currently owned by company insiders.

Institutional Trading of Comcast

Institutional investors and hedge funds have recently made changes to their positions in the stock. Greenwich Wealth Management LLC grew its stake in shares of Comcast by 2.6% in the 4th quarter. Greenwich Wealth Management LLC now owns 8,492 shares of the cable giant’s stock valued at $372,000 after purchasing an additional 219 shares during the period. Legend Financial Advisors Inc. grew its position in Comcast by 17.5% during the 4th quarter. Legend Financial Advisors Inc. now owns 1,478 shares of the cable giant’s stock worth $65,000 after acquiring an additional 220 shares during the last quarter. Beaumont Asset Management L.L.C. grew its position in Comcast by 1.6% during the 4th quarter. Beaumont Asset Management L.L.C. now owns 14,141 shares of the cable giant’s stock worth $620,000 after acquiring an additional 226 shares during the last quarter. Keystone Financial Services grew its position in Comcast by 1.1% during the 4th quarter. Keystone Financial Services now owns 20,432 shares of the cable giant’s stock worth $896,000 after acquiring an additional 229 shares during the last quarter. Finally, Bollard Group LLC grew its position in Comcast by 0.7% during the 4th quarter. Bollard Group LLC now owns 36,996 shares of the cable giant’s stock worth $1,622,000 after acquiring an additional 244 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Company Profile

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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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Analyst Recommendations for Comcast (NASDAQ:CMCSA)

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