A number of other research firms have also issued reports on CMCSA. UBS AG restated an overweight rating on shares of Comcast Corporation in a report on Thursday, August 24th. Barclays PLC set a $44.00 target price on shares of Comcast Corporation and gave the company a buy rating in a report on Friday, July 14th. Pivotal Research restated a buy rating and issued a $48.00 target price on shares of Comcast Corporation in a report on Tuesday, June 27th. ValuEngine lowered shares of Comcast Corporation from a buy rating to a hold rating in a report on Friday, June 2nd. Finally, Morgan Stanley restated an overweight rating and issued a $44.00 target price (up from $43.00) on shares of Comcast Corporation in a report on Thursday, July 6th. Three equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. The stock has an average rating of Buy and a consensus price target of $45.83.
Shares of Comcast Corporation (CMCSA) opened at 37.46 on Friday. The company’s 50-day moving average is $39.84 and its 200 day moving average is $39.19. Comcast Corporation has a 52-week low of $30.02 and a 52-week high of $42.18. The firm has a market capitalization of $176.56 billion, a PE ratio of 18.87 and a beta of 1.01.
Comcast Corporation (NASDAQ:CMCSA) last released its earnings results on Thursday, July 27th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.04. The company had revenue of $21.17 billion for the quarter, compared to analyst estimates of $20.85 billion. Comcast Corporation had a net margin of 11.45% and a return on equity of 16.80%. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.83 EPS. Equities analysts expect that Comcast Corporation will post $2.04 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 4th will be given a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend is Tuesday, October 3rd. Comcast Corporation’s dividend payout ratio (DPR) is presently 31.74%.
In other Comcast Corporation news, SVP Daniel C. Murdock sold 3,659 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $39.61, for a total value of $144,932.99. Following the completion of the sale, the senior vice president now owns 725 shares of the company’s stock, valued at $28,717.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kenneth J. Bacon sold 2,232 shares of the stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $37.27, for a total transaction of $83,186.64. Following the completion of the sale, the director now directly owns 24,580 shares of the company’s stock, valued at approximately $916,096.60. The disclosure for this sale can be found here. 1.28% of the stock is currently owned by corporate insiders.
Large investors have recently modified their holdings of the business. Patriot Financial Group Insurance Agency LLC grew its position in Comcast Corporation by 100.0% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 2,680 shares of the cable giant’s stock valued at $100,000 after acquiring an additional 1,340 shares in the last quarter. Zions Bancorporation grew its position in Comcast Corporation by 16.8% in the first quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock valued at $106,000 after acquiring an additional 410 shares in the last quarter. Clear Perspective Advisors LLC grew its position in Comcast Corporation by 100.1% in the second quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock valued at $106,000 after acquiring an additional 1,362 shares in the last quarter. MPS Loria Financial Planners LLC acquired a new stake in Comcast Corporation in the second quarter valued at approximately $107,000. Finally, First Bank & Trust grew its position in Comcast Corporation by 84.9% in the second quarter. First Bank & Trust now owns 2,836 shares of the cable giant’s stock valued at $111,000 after acquiring an additional 1,302 shares in the last quarter. 81.93% of the stock is owned by institutional investors.
Comcast Corporation Company Profile
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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