Other research analysts have also issued reports about the company. RBC Capital Markets reissued an outperform rating and issued a $72.00 price objective (up from $70.00) on shares of Comcast Corp. in a research report on Thursday, July 28th. Nomura reissued a buy rating on shares of Comcast Corp. in a research report on Monday, June 27th. Pivotal Research lifted their price objective on Comcast Corp. from $74.00 to $75.00 and gave the stock a buy rating in a research report on Thursday, July 7th. Royal Bank Of Canada lifted their price objective on Comcast Corp. from $70.00 to $72.00 and gave the stock an outperform rating in a research report on Thursday, July 28th. Finally, Wells Fargo & Co. reissued a buy rating on shares of Comcast Corp. in a research report on Monday, July 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Comcast Corp. currently has an average rating of Buy and a consensus target price of $72.00.
Comcast Corp. (NASDAQ:CMCSA) opened at 66.34 on Tuesday. The firm has a market capitalization of $160.00 billion, a PE ratio of 20.17 and a beta of 1.05. The company’s 50-day moving average price is $66.23 and its 200 day moving average price is $63.97. 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 earnings results on Wednesday, July 27th. The cable giant reported $0.83 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.02. The firm had revenue of $18.74 billion for the quarter, compared to the consensus estimate of $19.11 billion. Comcast Corp. had a return on equity of 15.04% and a net margin of 10.70%. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.84 EPS. On average, equities research analysts predict that Comcast Corp. will post $3.52 earnings per share 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 issued a dividend of $0.275 per share. 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 1.66%. Comcast Corp.’s payout ratio is 33.43%.
In other news, EVP Neil Smit sold 29,475 shares of the company’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 transaction, the executive vice president now owns 81,410 shares of the company’s stock, valued at $5,524,482.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Arthur R. Block sold 1,023 shares of the company’s stock in a transaction on Friday, September 16th. The stock was sold at an average price of $65.75, for a total transaction of $67,262.25. Following the completion of the transaction, the executive vice president now directly owns 47,539 shares in the company, valued at approximately $3,125,689.25. The disclosure for this sale can be found here. Company insiders own 1.27% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in CMCSA. Bank of Montreal Can purchased a new position in Comcast Corp. during the second quarter valued at $446,948,000. Janus Capital Management LLC boosted its position in Comcast Corp. by 26.5% in the second quarter. Janus Capital Management LLC now owns 22,476,251 shares of the cable giant’s stock worth $1,465,205,000 after buying an additional 4,708,325 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 worth $3,306,753,000 after buying an additional 4,682,432 shares in the last quarter. Emerald Acquisition Ltd. purchased a new position in Comcast Corp. during the second quarter worth approximately $275,565,000. Finally, Bessemer Group Inc. boosted its position in Comcast Corp. by 6,562.5% in the first quarter. Bessemer Group Inc. now owns 4,160,780 shares of the cable giant’s stock worth $254,140,000 after buying an additional 4,098,329 shares in the last quarter. 82.22% of the stock is currently owned by hedge funds and other institutional investors.
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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