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 yield of 1.66%. The ex-dividend date is Monday, October 3rd.
Comcast Corp. (NASDAQ:CMCSA) opened at 66.17 on Wednesday. The stock has a market capitalization of $159.59 billion, a price-to-earnings ratio of 20.12 and a beta of 1.00. The company has a 50-day moving average of $66.30 and a 200-day moving average of $63.88. Comcast Corp. has a 52-week low of $52.34 and a 52-week high of $68.36.
Comcast Corp. (NASDAQ:CMCSA) last released its quarterly earnings results on Wednesday, July 27th. The cable giant reported $0.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.02. The firm earned $18.74 billion during the quarter, compared to analysts’ expectations of $19.11 billion. Comcast Corp. had a return on equity of 15.04% and a net margin of 10.70%. Comcast Corp.’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.84 EPS. Equities research analysts expect that Comcast Corp. will post $3.52 EPS for the current year.
In other news, Chairman Brian L. Roberts sold 304,109 shares of the 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 completion of the transaction, the chairman now owns 630,596 shares of the company’s stock, valued at $42,413,886.96. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Neil Smit sold 29,475 shares of the stock in a transaction on Friday, July 29th. The stock was sold at an average price of $67.86, for a total value of $2,000,173.50. Following the completion of the transaction, the executive vice president now directly owns 81,410 shares of the company’s stock, 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.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. National Pension Service boosted its position in Comcast Corp. by 7.8% in the second quarter. National Pension Service now owns 1,398,909 shares of the cable giant’s stock valued at $91,195,000 after buying an additional 101,589 shares during the last quarter. Harwood Advisory Group LLC acquired a new position in Comcast Corp. during the second quarter valued at about $1,867,000. WASHINGTON TRUST Co boosted its position in Comcast Corp. by 0.9% in the second quarter. WASHINGTON TRUST Co now owns 94,517 shares of the cable giant’s stock valued at $6,162,000 after buying an additional 849 shares during the last quarter. Alerus Financial NA acquired a new position in Comcast Corp. during the second quarter valued at about $6,061,000. Finally, AXA boosted its position in Comcast Corp. by 12.8% in the second quarter. AXA now owns 2,219,225 shares of the cable giant’s stock valued at $144,671,000 after buying an additional 252,047 shares during the last quarter. 82.22% of the stock is owned by institutional investors.
A number of equities analysts have issued reports on the company. Argus reaffirmed a “buy” rating and issued a $81.00 target price on shares of Comcast Corp. in a research report on Tuesday. RBC Capital Markets reaffirmed an “outperform” rating and issued a $72.00 target price (up from $70.00) on shares of Comcast Corp. in a research report on Thursday, July 28th. Nomura reaffirmed a “buy” rating on shares of Comcast Corp. in a research report on Monday, June 27th. Pivotal Research upped their target price on Comcast Corp. from $74.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, July 7th. Finally, Royal Bank Of Canada upped their target price on Comcast Corp. from $70.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, July 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus 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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