Comcast Corporation (NASDAQ:CMCSA) Receives Average Rating of “Hold” from Analysts

Comcast Corporation (NASDAQ:CMCSA) has been given an average recommendation of “Hold” by the twenty-nine analysts that are currently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating and ten have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $34.8661.

A number of analysts recently issued reports on CMCSA shares. TD Cowen cut their price objective on Comcast from $40.00 to $39.00 and set a “buy” rating for the company in a research report on Friday, January 30th. BNP Paribas Exane cut shares of Comcast from a “neutral” rating to an “underperform” rating and set a $27.00 target price on the stock. in a research report on Tuesday, February 24th. Citigroup reaffirmed a “buy” rating and set a $33.00 target price (up from $32.79) on shares of Comcast in a research note on Friday, January 30th. Bank of America upgraded shares of Comcast from a “neutral” rating to a “buy” rating and lifted their price target for the company from $31.00 to $37.00 in a research report on Monday, January 12th. Finally, Barclays set a $28.00 price objective on shares of Comcast and gave the stock an “equal weight” rating in a report on Tuesday, January 13th.

Insider Buying and Selling

In other Comcast news, CEO Michael J. Cavanagh sold 57,947 shares of the company’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $32.66, for a total transaction of $1,892,549.02. Following the transaction, the chief executive officer directly owned 622,336 shares in the company, valued at $20,325,493.76. This represents a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.26% of the stock is owned by company insiders.

Institutional Investors Weigh In On Comcast

A number of institutional investors have recently modified their holdings of CMCSA. Brighton Jones LLC grew its holdings in shares of Comcast by 150.9% in the fourth quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock valued at $6,240,000 after purchasing an additional 99,986 shares in the last quarter. Voya Financial Advisors Inc. lifted its holdings in Comcast by 3.2% during the 2nd quarter. Voya Financial Advisors Inc. now owns 83,883 shares of the cable giant’s stock worth $2,963,000 after buying an additional 2,593 shares in the last quarter. United Bank lifted its holdings in Comcast by 11.3% during the 2nd quarter. United Bank now owns 42,216 shares of the cable giant’s stock worth $1,507,000 after buying an additional 4,290 shares in the last quarter. Asahi Life Asset Management CO. LTD. boosted its position in Comcast by 5.6% in the 2nd quarter. Asahi Life Asset Management CO. LTD. now owns 16,880 shares of the cable giant’s stock valued at $602,000 after buying an additional 890 shares during the period. Finally, Atlantic Union Bankshares Corp grew its stake in shares of Comcast by 149.8% in the second quarter. Atlantic Union Bankshares Corp now owns 23,231 shares of the cable giant’s stock worth $829,000 after acquiring an additional 13,932 shares in the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Trading Up 0.1%

CMCSA opened at $31.07 on Friday. Comcast has a one year low of $25.75 and a one year high of $37.72. The stock has a market capitalization of $111.79 billion, a PE ratio of 5.79, a P/E/G ratio of 2.42 and a beta of 0.79. The business’s 50 day moving average price is $30.10 and its 200 day moving average price is $29.90. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, January 29th. The cable giant reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.09. Comcast had a return on equity of 16.86% and a net margin of 16.17%.The company had revenue of $32.31 billion for the quarter, compared to the consensus estimate of $32.35 billion. During the same quarter in the previous year, the business earned $0.96 earnings per share. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. As a group, equities research analysts expect that Comcast will post 4.33 EPS for the current year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 1st will be given a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $1.32 dividend on an annualized basis and a yield of 4.2%. Comcast’s payout ratio is presently 24.58%.

Comcast Company Profile

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.