Other research analysts have also recently issued reports about the company. Argus raised their price objective on Comcast Corp. from $72.00 to $81.00 and gave the stock a buy rating in a research note on Monday, August 8th. Pivotal Research restated a buy rating on shares of Comcast Corp. in a research note on Thursday, July 28th. Wells Fargo & Co. restated a buy rating on shares of Comcast Corp. in a research note on Monday, July 18th. Oppenheimer Holdings Inc. restated a buy rating and issued a $70.00 price objective on shares of Comcast Corp. in a research note on Monday, July 11th. Finally, Nomura reiterated a buy rating on shares of Comcast Corp. in a research report on Monday, June 27th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. Comcast Corp. presently has a consensus rating of Buy and a consensus price target of $72.00.
Shares of Comcast Corp. (NASDAQ:CMCSA) opened at 65.24 on Friday. The firm’s 50 day moving average price is $65.90 and its 200-day moving average price is $64.30. Comcast Corp. has a 1-year low of $52.34 and a 1-year high of $68.36. The company has a market capitalization of $157.35 billion, a P/E ratio of 19.84 and a beta of 1.05.
Comcast Corp. (NASDAQ:CMCSA) last announced its quarterly earnings data 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. Comcast Corp. had a return on equity of 15.04% and a net margin of 10.70%. The firm earned $18.74 billion during the quarter, compared to analysts’ expectations of $19.11 billion. During the same period last year, the business posted $0.84 earnings per share. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. Analysts expect that Comcast Corp. will post $3.52 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 26th. Shareholders of record on Wednesday, October 5th will be given a $0.275 dividend. The ex-dividend date of this dividend is Monday, October 3rd. This represents a $1.10 dividend on an annualized basis and a yield of 1.69%. Comcast Corp.’s dividend payout ratio is currently 33.43%.
In related news, EVP Arthur R. Block sold 1,023 shares of the business’s stock in a transaction on Friday, September 16th. The stock was sold at an average price of $65.75, for a total value of $67,262.25. Following the sale, the executive vice president now owns 47,539 shares in the company, valued at approximately $3,125,689.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Neil Smit sold 29,475 shares of the business’s stock in a transaction on Friday, July 29th. The shares were sold at an average price of $67.86, for a total value of $2,000,173.50. Following the completion of the sale, the executive vice president now owns 81,410 shares in the company, valued at approximately $5,524,482.60. The disclosure for this sale can be found here. 1.27% of the stock is owned by company insiders.
Several large investors have recently bought and sold shares of CMCSA. Vanguard Group Inc. increased its stake in Comcast Corp. by 0.9% in the second quarter. Vanguard Group Inc. now owns 145,614,334 shares of the cable giant’s stock valued at $9,492,598,000 after buying an additional 1,297,292 shares in the last quarter. Wellington Management Group LLP boosted its position 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 last quarter. Ameriprise Financial Inc. boosted its position in Comcast Corp. by 3.0% in the second quarter. Ameriprise Financial Inc. now owns 31,177,523 shares of the cable giant’s stock valued at $2,032,387,000 after buying an additional 917,751 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in Comcast Corp. by 0.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 29,420,065 shares of the cable giant’s stock valued at $1,917,895,000 after buying an additional 184,478 shares during the last quarter. Finally, BlackRock Fund Advisors boosted its position in Comcast Corp. by 2.7% in the second quarter. BlackRock Fund Advisors now owns 28,901,279 shares of the cable giant’s stock valued at $1,884,074,000 after buying an additional 748,545 shares during the last quarter. 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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