Comcast Co. (NASDAQ:CMCSA) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $34.64 and last traded at $34.65, with a volume of 16990446 shares trading hands. The stock had previously closed at $35.30.
Several equities research analysts have recently issued reports on CMCSA shares. TD Securities raised their price target on Comcast from $51.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Nomura reissued a “neutral” rating and set a $42.00 target price (down from $45.00) on shares of Comcast in a research report on Thursday, January 18th. Buckingham Research lifted their target price on Comcast from $48.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, January 8th. BidaskClub raised Comcast from a “strong sell” rating to a “sell” rating in a research report on Tuesday, December 5th. Finally, Pivotal Research reissued a “buy” rating and set a $52.00 target price on shares of Comcast in a research report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-three have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $50.39.
The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.74 and a current ratio of 0.74. The company has a market capitalization of $166,412.69, a P/E ratio of 7.26, a PEG ratio of 1.29 and a beta of 1.16.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Wednesday, April 4th will be issued a $0.19 dividend. The ex-dividend date is Tuesday, April 3rd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.20%. This is a positive change from Comcast’s previous quarterly dividend of $0.16. Comcast’s dividend payout ratio (DPR) is currently 13.21%.
In other Comcast news, CEO Brian L. Roberts sold 358,353 shares of Comcast stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $36.89, for a total transaction of $13,219,642.17. Following the completion of the sale, the chief executive officer now owns 1,717,788 shares of the company’s stock, valued at approximately $63,369,199.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Stephen B. Burke sold 190,756 shares of Comcast stock in a transaction on Friday, January 26th. The stock was sold at an average price of $42.51, for a total transaction of $8,109,037.56. Following the sale, the executive vice president now directly owns 1,214,811 shares of the company’s stock, valued at approximately $51,641,615.61. The disclosure for this sale can be found here. Insiders have sold a total of 1,375,598 shares of company stock valued at $51,570,601 in the last ninety days. Company insiders own 1.28% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Clarius Group LLC lifted its position in Comcast by 0.4% in the 2nd quarter. Clarius Group LLC now owns 8,041 shares of the cable giant’s stock valued at $313,000 after acquiring an additional 32 shares in the last quarter. GM Advisory Group Inc. lifted its position in Comcast by 0.9% in the 2nd quarter. GM Advisory Group Inc. now owns 5,554 shares of the cable giant’s stock valued at $217,000 after acquiring an additional 48 shares in the last quarter. Strategic Advisors LLC lifted its position in Comcast by 0.5% in the 2nd quarter. Strategic Advisors LLC now owns 20,872 shares of the cable giant’s stock valued at $812,000 after acquiring an additional 106 shares in the last quarter. Roberts Glore & Co. Inc. IL lifted its position in Comcast by 2.1% in the 2nd quarter. Roberts Glore & Co. Inc. IL now owns 9,234 shares of the cable giant’s stock valued at $359,000 after acquiring an additional 190 shares in the last quarter. Finally, Balentine LLC lifted its position in Comcast by 1.5% in the 2nd quarter. Balentine LLC now owns 13,774 shares of the cable giant’s stock valued at $536,000 after acquiring an additional 200 shares in the last quarter. 83.44% of the stock is owned by institutional investors.
Comcast Company Profile
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.
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