Comcast Corp. (NASDAQ:CMCSA)‘s stock had its “outperform” rating restated by analysts at Robert W. Baird in a note issued to investors on Sunday. They presently have a $70.00 price target on the cable giant’s stock. Robert W. Baird’s price objective points to a potential upside of 4.24% from the company’s previous close.
Several other research firms also recently commented on CMCSA. Wells Fargo & Co. reaffirmed a “buy” rating on shares of Comcast Corp. in a research note on Monday, July 18th. Pivotal Research reiterated a “buy” rating on shares of Comcast Corp. in a research report on Thursday, July 28th. Barclays PLC reiterated an “overweight” rating and set a $70.00 target price on shares of Comcast Corp. in a research report on Thursday. Jefferies Group increased their target price on Comcast Corp. from $72.00 to $77.00 and gave the stock a “buy” rating in a research report on Thursday, July 28th. 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 given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $72.00.
Shares of Comcast Corp. (NASDAQ:CMCSA) traded down 0.22% during mid-day trading on Friday, reaching $67.15. The company’s stock had a trading volume of 9,201,215 shares. The company has a market cap of $161.95 billion, a PE ratio of 20.42 and a beta of 1.00. Comcast Corp. has a 52-week low of $52.34 and a 52-week high of $68.36. The company has a 50-day moving average price of $66.37 and a 200 day moving average price of $63.70.
Comcast Corp. (NASDAQ:CMCSA) last posted its quarterly earnings data on Wednesday, July 27th. The cable giant reported $0.83 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 had revenue of $18.74 billion for the quarter, compared to the consensus estimate of $19.11 billion. During the same quarter last year, the company earned $0.84 earnings per share. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. Equities analysts expect that Comcast Corp. will post $3.52 earnings per share for the current year.
The company 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 dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date is Monday, October 3rd. Comcast Corp.’s dividend payout ratio (DPR) is presently 33.43%.
In other news, Chairman Brian L. Roberts sold 304,109 shares of Comcast Corp. stock in a transaction on 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 transaction, the chairman now directly owns 630,596 shares in the company, valued at approximately $42,413,886.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Neil Smit sold 15,121 shares of Comcast Corp. stock in a transaction 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 completion of the transaction, the executive vice president now owns 66,289 shares in the company, valued at $4,353,861.52. The disclosure for this sale can be found here. 1.27% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. D Orazio & Associates Inc. increased its position in shares of Comcast Corp. by 5.3% in the second quarter. D Orazio & Associates Inc. now owns 1,563 shares of the cable giant’s stock valued at $102,000 after buying an additional 79 shares during the period. Thompson Davis & CO. Inc. increased its position in shares of Comcast Corp. by 64.6% in the second quarter. Thompson Davis & CO. Inc. now owns 1,605 shares of the cable giant’s stock valued at $105,000 after buying an additional 630 shares during the period. Oakworth Capital Inc. increased its position in shares of Comcast Corp. by 24.0% in the second quarter. Oakworth Capital Inc. now owns 1,683 shares of the cable giant’s stock valued at $107,000 after buying an additional 326 shares during the period. Cribstone Capital Management LLC acquired a new position in shares of Comcast Corp. during the second quarter valued at $115,000. Finally, Proficio Capital Partners LLC increased its position in shares of Comcast Corp. by 80.1% in the second quarter. Proficio Capital Partners LLC now owns 1,704 shares of the cable giant’s stock valued at $116,000 after buying an additional 758 shares during the period. Institutional investors and hedge funds 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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