CMCSA has been the subject of several other reports. Moffett Nathanson reissued a buy rating on shares of Comcast Corporation in a report on Monday. Guggenheim raised Comcast Corporation from a neutral rating to a buy rating and raised their price target for the company from $42.00 to $46.00 in a report on Thursday, August 3rd. BidaskClub cut Comcast Corporation from a buy rating to a hold rating in a report on Friday, June 23rd. Instinet reissued a buy rating and issued a $46.00 price target on shares of Comcast Corporation in a report on Wednesday, June 28th. Finally, Wells Fargo & Company reissued an outperform rating and issued a $44.00 price target on shares of Comcast Corporation in a report on Wednesday, June 28th. Three equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $45.83.
Shares of Comcast Corporation (CMCSA) traded up 1.93% on Wednesday, reaching $36.90. The company’s stock had a trading volume of 25,044,865 shares. Comcast Corporation has a 1-year low of $30.02 and a 1-year high of $42.18. The company has a market capitalization of $173.92 billion, a price-to-earnings ratio of 18.59 and a beta of 0.98. The stock has a 50-day moving average price of $38.08 and a 200-day moving average price of $39.21.
Comcast Corporation (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, July 27th. The cable giant reported $0.52 EPS for the quarter, beating the consensus estimate of $0.48 by $0.04. The business had revenue of $21.17 billion during the quarter, compared to analysts’ expectations of $20.85 billion. Comcast Corporation had a return on equity of 16.80% and a net margin of 11.45%. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period last year, the firm earned $0.83 EPS. On average, equities research analysts forecast that Comcast Corporation will post $2.05 EPS for the current year.
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The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 4th will be paid a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date is Tuesday, October 3rd. Comcast Corporation’s dividend payout ratio is presently 31.74%.
In related news, EVP Arthur R. Block sold 4,091 shares of the business’s stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $38.36, for a total value of $156,930.76. Following the transaction, the executive vice president now owns 68,478 shares in the company, valued at $2,626,816.08. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Kenneth J. Bacon sold 2,232 shares of the business’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $37.27, for a total value of $83,186.64. Following the completion of the transaction, the director now owns 24,580 shares in the company, valued at approximately $916,096.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,982 shares of company stock worth $385,050. 1.28% of the stock is currently owned by insiders.
Large investors have recently added to or reduced their stakes in the stock. Patriot Financial Group Insurance Agency LLC lifted its stake in shares of Comcast Corporation by 100.0% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 2,680 shares of the cable giant’s stock worth $100,000 after acquiring an additional 1,340 shares in the last quarter. Zions Bancorporation lifted its stake in shares of Comcast Corporation by 16.8% in the first quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock worth $106,000 after acquiring an additional 410 shares in the last quarter. Clear Perspective Advisors LLC lifted its stake in shares of Comcast Corporation by 100.1% in the second quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock worth $106,000 after acquiring an additional 1,362 shares in the last quarter. MPS Loria Financial Planners LLC acquired a new position in shares of Comcast Corporation in the second quarter worth about $107,000. Finally, First Bank & Trust lifted its stake in shares of Comcast Corporation by 84.9% in the second quarter. First Bank & Trust now owns 2,836 shares of the cable giant’s stock worth $111,000 after acquiring an additional 1,302 shares in the last quarter. Institutional investors and hedge funds own 81.84% of the company’s stock.
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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