TD Securities began coverage on shares of Comcast Corporation (NASDAQ:CMCSA) in a research report released on Thursday, July 13th, Marketbeat reports. The brokerage issued a buy rating and a $51.00 target price on the cable giant’s stock.
Several other research firms have also commented on CMCSA. Telsey Advisory Group increased their target price on Comcast Corporation from $44.00 to $47.00 and gave the company an outperform rating in a report on Friday, April 28th. Credit Suisse Group increased their target price on Comcast Corporation from $41.00 to $45.00 and gave the company an outperform rating in a report on Friday, May 5th. Robert W. Baird reaffirmed an outperform rating and set a $40.00 price objective on shares of Comcast Corporation in a report on Friday, April 7th. Instinet reaffirmed a buy rating and set a $43.00 price objective (down previously from $46.00) on shares of Comcast Corporation in a report on Saturday, April 29th. Finally, Pivotal Research reaffirmed a buy rating and set a $48.00 price objective on shares of Comcast Corporation in a report on Tuesday, June 27th. Two investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. Comcast Corporation presently has a consensus rating of Buy and a consensus target price of $45.69.
Shares of Comcast Corporation (NASDAQ:CMCSA) opened at 39.92 on Thursday. The firm has a market cap of $188.16 billion, a PE ratio of 20.11 and a beta of 1.01. Comcast Corporation has a 52-week low of $30.02 and a 52-week high of $42.18. The stock has a 50 day moving average price of $39.52 and a 200-day moving average price of $38.63.
Comcast Corporation (NASDAQ:CMCSA) last posted its earnings results on Thursday, July 27th. The cable giant reported $0.52 EPS for the quarter, beating the consensus estimate of $0.48 by $0.04. The firm had revenue of $21.17 billion for the quarter, compared to analyst estimates of $20.85 billion. Comcast Corporation had a return on equity of 16.80% and a net margin of 11.45%. Comcast Corporation’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.83 earnings per share. On average, equities analysts anticipate that Comcast Corporation will post $2.04 EPS for the current fiscal year.
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The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 4th will be given a dividend of $0.1575 per share. The ex-dividend date of this dividend is Tuesday, October 3rd. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.58%. Comcast Corporation’s payout ratio is 31.74%.
In other news, Director Kenneth J. Bacon sold 7,500 shares of Comcast Corporation stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $40.50, for a total transaction of $303,750.00. Following the completion of the sale, the director now directly owns 26,812 shares in the company, valued at approximately $1,085,886. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Daniel C. Murdock sold 3,659 shares of Comcast Corporation stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $39.61, for a total transaction of $144,932.99. Following the sale, the senior vice president now owns 725 shares of the company’s stock, valued at $28,717.25. The disclosure for this sale can be found here. 1.28% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of CMCSA. State Street Corp boosted its position in shares of Comcast Corporation by 97.6% in the first quarter. State Street Corp now owns 199,519,367 shares of the cable giant’s stock worth $7,499,933,000 after buying an additional 98,570,377 shares during the period. Clearbridge Investments LLC boosted its position in shares of Comcast Corporation by 97.6% in the first quarter. Clearbridge Investments LLC now owns 97,454,749 shares of the cable giant’s stock worth $3,663,324,000 after buying an additional 48,147,456 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Comcast Corporation by 95.7% in the first quarter. Ameriprise Financial Inc. now owns 59,716,372 shares of the cable giant’s stock worth $2,244,768,000 after buying an additional 29,199,805 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Comcast Corporation by 1.2% in the second quarter. Bank of New York Mellon Corp now owns 57,003,759 shares of the cable giant’s stock worth $2,218,587,000 after buying an additional 680,012 shares during the period. Finally, Dodge & Cox acquired a new position in shares of Comcast Corporation during the fourth quarter worth $2,643,845,000. 82.32% of the stock is owned by institutional investors and hedge funds.
About Comcast Corporation
Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.
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