Brokerages Set Comcast Corporation (NASDAQ:CMCSA) PT at $34.87
by Michael Walen · The Markets DailyShares of Comcast Corporation (NASDAQ:CMCSA – Get Free Report) have received an average rating of “Hold” from the twenty-nine analysts that are covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation, fifteen have issued a hold recommendation and ten have issued a buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $34.8661.
Several brokerages have weighed in on CMCSA. TD Cowen lowered their price target on Comcast from $40.00 to $39.00 and set a “buy” rating for the company in a report on Friday, January 30th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Comcast from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Friday, January 30th. Barclays set a $28.00 target price on shares of Comcast and gave the stock an “equal weight” rating in a research note on Tuesday, January 13th. Scotiabank dropped their target price on shares of Comcast from $37.50 to $35.25 and set a “sector perform” rating on the stock in a research report on Friday, January 30th. Finally, Sanford C. Bernstein cut their price target on shares of Comcast from $34.00 to $32.00 and set a “market perform” rating on the stock in a research note on Thursday, January 15th.
View Our Latest Analysis on CMCSA
Comcast Stock Performance
Shares of CMCSA opened at $31.91 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. The firm has a market cap of $114.81 billion, a PE ratio of 5.94, a P/E/G ratio of 2.49 and a beta of 0.79. Comcast has a 12 month low of $25.75 and a 12 month high of $37.97. The stock has a fifty day moving average price of $30.06 and a 200-day moving average price of $29.94.
Comcast (NASDAQ:CMCSA – Get Free Report) last announced its earnings results on Thursday, January 29th. The cable giant reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.09. Comcast had a return on equity of 16.86% and a net margin of 16.17%.The firm had revenue of $32.31 billion for the quarter, compared to the consensus estimate of $32.35 billion. During the same period in the previous year, the business earned $0.96 EPS. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. Equities research analysts predict that Comcast will post 4.33 earnings per share for the current fiscal year.
Comcast Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors of record on Wednesday, April 1st will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Wednesday, April 1st. Comcast’s dividend payout ratio is presently 24.58%.
Insider Transactions at Comcast
In other Comcast news, CEO Michael J. Cavanagh sold 57,947 shares of Comcast stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $32.66, for a total transaction of $1,892,549.02. Following the completion of the sale, the chief executive officer owned 622,336 shares of the company’s stock, valued at approximately $20,325,493.76. The trade was a 8.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.26% of the stock is owned by company insiders.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the company. Capital A Wealth Management LLC boosted its position in Comcast by 173.7% in the second quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant’s stock valued at $25,000 after buying an additional 436 shares during the last quarter. Avalon Trust Co raised its position in Comcast by 433.3% during the 2nd quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock worth $27,000 after buying an additional 624 shares during the last quarter. Howard Hughes Medical Institute acquired a new stake in Comcast during the 2nd quarter valued at approximately $29,000. Imprint Wealth LLC acquired a new stake in Comcast during the 3rd quarter valued at approximately $26,000. Finally, Newbridge Financial Services Group Inc. purchased a new stake in shares of Comcast in the 2nd quarter valued at $31,000. 84.32% of the stock is owned by institutional investors and hedge funds.
Comcast Company Profile
Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.
NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.
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