Sanford C. Bernstein Cuts Comcast (NASDAQ:CMCSA) Price Target to $32.00

Comcast (NASDAQ:CMCSA) had its target price decreased by Sanford C. Bernstein from $34.00 to $32.00 in a research report report published on Thursday morning, Marketbeat.com reports. Sanford C. Bernstein currently has a market perform rating on the cable giant’s stock.

A number of other research firms have also commented on CMCSA. JPMorgan Chase & Co. lowered their price target on Comcast from $38.00 to $33.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. Pivotal Research decreased their target price on Comcast from $40.00 to $36.00 and set a “buy” rating for the company in a report on Friday, October 31st. Evercore ISI cut their price target on shares of Comcast from $40.00 to $35.00 and set an “outperform” rating on the stock in a report on Friday, October 31st. Oppenheimer set a $38.00 price objective on shares of Comcast in a research report on Tuesday, November 4th. Finally, Citigroup dropped their target price on shares of Comcast from $39.00 to $35.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Twelve investment analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $34.89.

Comcast Trading Down 1.9%

Shares of CMCSA opened at $27.82 on Thursday. The stock has a market capitalization of $101.37 billion, a P/E ratio of 4.63, a PEG ratio of 1.98 and a beta of 0.81. Comcast has a twelve month low of $25.75 and a twelve month high of $38.40. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.96. The firm has a fifty day simple moving average of $28.10 and a two-hundred day simple moving average of $30.79.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, October 30th. The cable giant reported $1.12 EPS for the quarter, beating the consensus estimate of $1.10 by $0.02. The firm had revenue of $31.20 billion during the quarter, compared to the consensus estimate of $30.74 billion. Comcast had a net margin of 18.33% and a return on equity of 18.06%. The company’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.12 earnings per share. On average, research analysts anticipate that Comcast will post 4.33 EPS for the current year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 14th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, January 14th. This represents a $1.32 annualized dividend and a yield of 4.7%. Comcast’s payout ratio is presently 21.96%.

Institutional Investors Weigh In On Comcast

Several hedge funds have recently added to or reduced their stakes in the stock. Capital A Wealth Management LLC increased its holdings in shares of Comcast by 173.7% during the second quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant’s stock valued at $25,000 after acquiring an additional 436 shares in the last quarter. Imprint Wealth LLC purchased a new stake in Comcast during the 3rd quarter valued at about $26,000. Cranbrook Wealth Management LLC increased its stake in Comcast by 86.0% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock valued at $27,000 after purchasing an additional 350 shares in the last quarter. Global Trust Asset Management LLC raised its holdings in Comcast by 906.8% in the second quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock worth $27,000 after buying an additional 671 shares during the last quarter. Finally, Avalon Trust Co lifted its stake in shares of Comcast by 433.3% in the second quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock worth $27,000 after buying an additional 624 shares in the last quarter. 84.32% of the stock is owned by institutional investors.

Trending Headlines about Comcast

Here are the key news stories impacting Comcast this week:

• Positive Sentiment: MarketBeat highlights Comcast’s low P/E (~7x) and a ~4.5% yield, arguing the stock combines high yield with rebound potential as core results are expected to grow despite divestitures; institutional buying in early January is cited as supportive. 3 Low P/E Stocks: Separating Multibaggers From a Value Trap
• Positive Sentiment: Reports that Comcast has spun off Versant (new media vehicle) suggest potential value‑unlocking for shareholders if the market re-rates separated assets. This kind of corporate action can catalyze long-term upside. Comcast spins off Versant, unleashing a new media power on Wall Street
• Positive Sentiment: NBCUniversal’s push into live sports (Olympics, Super Bowl, NBA All‑Star and recent rights spending) should help differentiate the media network, supporting ad and subscription revenue over the next few quarters. NBCUniversal strategically leans into sports as it prepares for ‘Legendary February’
• Neutral Sentiment: Zacks notes elevated investor attention on CMCSA and reviews factors that will drive performance; this is informational but not a clear directional catalyst. Comcast Corporation (CMCSA) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: Local retail expansion (new Xfinity store in Chehalis, WA) is positive for customer access and brand presence but is a small operational item unlikely to move the stock on its own. Chehalis Welcomes First Xfinity Store
• Negative Sentiment: Analyst pressure: Sanford C. Bernstein trimmed its price target to $32 (from $34) and kept a “market perform” rating — a reminder that analysts see limited near‑term upside, which can weigh on sentiment. Bernstein adjusts price target on Comcast
• Negative Sentiment: Consensus analyst stance remains cautious (many Holds), which mutes momentum until clearer evidence of revenue/earnings inflection or successful asset re‑rating emerges. Comcast Receives Consensus Rating of “Hold”

About Comcast

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.