Comcast Corp. (NASDAQ:CMCSA) declared a quarterly dividend on Wednesday, July 27th. Investors of record on Wednesday, October 5th will be given a dividend of 0.275 per share by the cable giant on Wednesday, October 26th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date is Monday, October 3rd.
Comcast Corp. (NASDAQ:CMCSA) opened at 66.34 on Friday. The company’s 50 day moving average price is $66.23 and its 200-day moving average price is $63.97. The firm has a market capitalization of $160.00 billion, a price-to-earnings ratio of 20.17 and a beta of 1.00. Comcast Corp. has a 12-month low of $52.34 and a 12-month high of $68.36.
Comcast Corp. (NASDAQ:CMCSA) last announced its quarterly earnings results on Wednesday, July 27th. The cable giant reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.02. The business had revenue of $18.74 billion for the quarter, compared to analyst estimates of $19.11 billion. Comcast Corp. had a return on equity of 15.04% and a net margin of 10.70%. The company’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.84 earnings per share. On average, equities analysts anticipate that Comcast Corp. will post $3.52 earnings per share for the current fiscal year.
In other Comcast Corp. news, EVP Neil Smit sold 29,475 shares of Comcast Corp. stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $67.86, for a total transaction of $2,000,173.50. Following the completion of the sale, the executive vice president now owns 81,410 shares of the company’s stock, valued at $5,524,482.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Brian L. Roberts sold 304,109 shares of Comcast Corp. stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $67.26, for a total value of $20,454,371.34. Following the sale, the chairman now directly owns 630,596 shares of the company’s stock, valued at approximately $42,413,886.96. The disclosure for this sale can be found here. Corporate insiders own 1.27% of the company’s stock.
Large investors have recently modified their holdings of the company. Valley National Advisers Inc. raised its stake in shares of Comcast Corp. by 2.8% in the second quarter. Valley National Advisers Inc. now owns 2,363 shares of the cable giant’s stock valued at $154,000 after buying an additional 65 shares during the period. Zions Bancorporation raised its stake in shares of Comcast Corp. by 21.5% in the second quarter. Zions Bancorporation now owns 2,835 shares of the cable giant’s stock valued at $189,000 after buying an additional 502 shares during the period. Cable Hill Partners LLC raised its stake in shares of Comcast Corp. by 2.9% in the second quarter. Cable Hill Partners LLC now owns 2,981 shares of the cable giant’s stock valued at $195,000 after buying an additional 85 shares during the period. Seven Eight Capital LLC purchased a new stake in shares of Comcast Corp. during the second quarter valued at about $195,000. Finally, Marco Investment Management LLC purchased a new stake in shares of Comcast Corp. during the second quarter valued at about $200,000. 82.22% of the stock is owned by hedge funds and other institutional investors.
Several brokerages have issued reports on CMCSA. Jefferies Group reiterated a “buy” rating on shares of Comcast Corp. in a report on Friday. RBC Capital Markets reiterated an “outperform” rating and issued a $72.00 price target (up previously from $70.00) on shares of Comcast Corp. in a report on Thursday, July 28th. Nomura reiterated a “buy” rating on shares of Comcast Corp. in a report on Monday, June 27th. Pivotal Research increased their price target on Comcast Corp. from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, July 7th. Finally, Royal Bank Of Canada increased their price target on Comcast Corp. from $70.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, July 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $72.00.
Comcast Corp. Company Profile
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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