Comcast Corporation (CMCSA) Downgraded by Moffett Nathanson to Neutral

Comcast Corporation (NASDAQ:CMCSA) was downgraded by analysts at Moffett Nathanson from a “buy” rating to a “neutral” rating in a research note issued to investors on Tuesday.

Several other analysts also recently weighed in on CMCSA. Evercore ISI restated an “overweight” rating on shares of Comcast Corporation in a research report on Monday, February 27th. Guggenheim reiterated a “neutral” rating and issued a $40.00 target price on shares of Comcast Corporation in a research report on Wednesday, March 1st. Pivotal Research dropped their target price on Comcast Corporation to $48.00 and set a “buy” rating for the company in a research report on Monday, March 6th. Deutsche Bank AG reiterated a “buy” rating and issued a $44.00 target price on shares of Comcast Corporation in a research report on Tuesday, March 28th. Finally, Wells Fargo & Co reiterated an “outperform” rating and issued a $42.50 target price on shares of Comcast Corporation in a research report on Friday, April 7th. Three analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $43.35.

Analyst Recommendations for Comcast Corporation (NASDAQ:CMCSA)

Shares of Comcast Corporation (CMCSA) traded down 2.27% during midday trading on Tuesday, hitting $40.85. 6,218,611 shares of the stock traded hands. The firm’s 50 day moving average price is $40.16 and its 200 day moving average price is $37.69. Comcast Corporation has a 12-month low of $30.02 and a 12-month high of $42.18. The company has a market capitalization of $194.14 billion, a PE ratio of 21.67 and a beta of 1.04.

Comcast Corporation (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, April 27th. The cable giant reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.09. Comcast Corporation had a return on equity of 15.98% and a net margin of 11.12%. The business had revenue of $20.46 billion during the quarter, compared to the consensus estimate of $20.10 billion. During the same period in the prior year, the company earned $0.84 EPS. Comcast Corporation’s revenue for the quarter was up 8.9% on a year-over-year basis. Analysts expect that Comcast Corporation will post $1.98 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 26th. Investors of record on Wednesday, July 5th will be given a dividend of $0.1575 per share. The ex-dividend date of this dividend is Friday, June 30th. This represents a $0.63 annualized dividend and a dividend yield of 1.51%. Comcast Corporation’s payout ratio is 33.51%.

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In related news, EVP Arthur R. Block sold 19,890 shares of Comcast Corporation stock in a transaction that occurred on Tuesday, March 28th. The stock was sold at an average price of $37.13, for a total transaction of $738,515.70. Following the transaction, the executive vice president now owns 72,758 shares of the company’s stock, valued at $2,701,504.54. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Arthur R. Block sold 20,572 shares of Comcast Corporation stock in a transaction that occurred on Thursday, March 23rd. The shares were sold at an average price of $37.05, for a total value of $762,192.60. Following the transaction, the executive vice president now directly owns 85,306 shares in the company, valued at approximately $3,160,587.30. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 334,759 shares of company stock worth $12,937,359. 1.27% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in CMCSA. Capital Investment Advisory Services LLC bought a new position in shares of Comcast Corporation during the fourth quarter valued at about $236,000. ZWJ Investment Counsel Inc. boosted its position in shares of Comcast Corporation by 21.4% in the fourth quarter. ZWJ Investment Counsel Inc. now owns 8,709 shares of the cable giant’s stock valued at $601,000 after buying an additional 1,537 shares during the last quarter. ING Groep NV boosted its position in shares of Comcast Corporation by 648.1% in the fourth quarter. ING Groep NV now owns 542,233 shares of the cable giant’s stock valued at $38,005,000 after buying an additional 469,756 shares during the last quarter. Calamos Wealth Management LLC boosted its position in shares of Comcast Corporation by 7.1% in the fourth quarter. Calamos Wealth Management LLC now owns 127,782 shares of the cable giant’s stock valued at $8,823,000 after buying an additional 8,520 shares during the last quarter. Finally, Main Street Research LLC boosted its position in shares of Comcast Corporation by 0.7% in the fourth quarter. Main Street Research LLC now owns 16,548 shares of the cable giant’s stock valued at $1,143,000 after buying an additional 110 shares during the last quarter. 82.66% of the stock is currently 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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