Barclays PLC restated their overweight rating on shares of Comcast Corp. (NASDAQ:CMCSA) in a research report report published on Thursday. The firm currently has a $70.00 price target on the cable giant’s stock.
Several other analysts have also issued reports on CMCSA. Credit Suisse Group AG reiterated an outperform rating and issued a $63.00 target price on shares of Comcast Corp. in a research note on Wednesday, June 1st. Nomura increased their price target on shares of Comcast Corp. from $70.00 to $73.00 and gave the company a buy rating in a research report on Monday, June 27th. Robert W. Baird restated an outperform rating and set a $67.00 price target on shares of Comcast Corp. in a research report on Tuesday, June 28th. Pivotal Research increased their price target on shares of Comcast Corp. from $74.00 to $75.00 and gave the company a buy rating in a research report on Thursday, July 7th. Finally, Oppenheimer Holdings Inc. restated a buy rating and set a $70.00 price target on shares of Comcast Corp. in a research report on Monday, July 11th. One analyst has rated the stock with a sell rating, three have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of $72.00.
Comcast Corp. (NASDAQ:CMCSA) opened at 66.17 on Thursday. Comcast Corp. has a 12 month low of $52.34 and a 12 month high of $68.36. The stock’s 50 day moving average is $66.30 and its 200-day moving average is $63.88. The firm has a market capitalization of $159.59 billion, a price-to-earnings ratio of 20.12 and a beta of 1.00.
Comcast Corp. (NASDAQ:CMCSA) last posted its earnings results on Wednesday, July 27th. The cable giant reported $0.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.02. Comcast Corp. had a net margin of 10.70% and a return on equity of 15.04%. The firm earned $18.74 billion during the quarter, compared to analyst estimates of $19.11 billion. During the same quarter in the prior year, the business posted $0.84 EPS. The business’s revenue was up 2.8% compared to the same quarter last year. Equities analysts anticipate that Comcast Corp. will post $3.52 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Wednesday, October 5th will be issued a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 1.66%. The ex-dividend date is Monday, October 3rd. Comcast Corp.’s dividend payout ratio is 33.43%.
In other news, EVP Neil Smit sold 15,121 shares of the firm’s stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of $65.68, for a total value of $993,147.28. Following the transaction, the executive vice president now owns 66,289 shares in the company, valued at $4,353,861.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Arthur R. Block sold 1,023 shares of the firm’s stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $65.75, for a total transaction of $67,262.25. Following the completion of the transaction, the executive vice president now owns 47,539 shares in the company, valued at approximately $3,125,689.25. The disclosure for this sale can be found here. 1.27% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of Montreal Can bought a new stake in Comcast Corp. during the second quarter valued at $446,948,000. Janus Capital Management LLC boosted its stake in Comcast Corp. by 26.5% in the second quarter. Janus Capital Management LLC now owns 22,476,251 shares of the cable giant’s stock valued at $1,465,205,000 after buying an additional 4,708,325 shares during the period. Wellington Management Group LLP boosted its stake in Comcast Corp. by 9.5% in the first quarter. Wellington Management Group LLP now owns 54,138,081 shares of the cable giant’s stock valued at $3,306,753,000 after buying an additional 4,682,432 shares during the period. Emerald Acquisition Ltd. bought a new stake in Comcast Corp. during the second quarter valued at $275,565,000. Finally, Bessemer Group Inc. boosted its stake in Comcast Corp. by 6,562.5% in the first quarter. Bessemer Group Inc. now owns 4,160,780 shares of the cable giant’s stock valued at $254,140,000 after buying an additional 4,098,329 shares during the period. Hedge funds and other institutional investors own 82.22% of the company’s stock.
About Comcast Corp.
Comcast Corporation is a media and technology company. The Company’s primary businesses include Comcast Cable and NBCUniversal. Its Comcast Cable business operates in Cable Communications segment. Its NBCUniversal business consists of four segments, which include Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.
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