Wolfe Research began coverage on shares of Comcast (NASDAQ:CMCSA) in a research note published on Friday morning, The Fly reports. The brokerage issued an outperform rating on the cable giant’s stock.
Other equities research analysts also recently issued reports about the company. BidaskClub downgraded Comcast from a strong-buy rating to a buy rating in a report on Wednesday. Barclays began coverage on Comcast in a report on Tuesday, November 13th. They issued an overweight rating and a $44.00 price objective for the company. Morgan Stanley began coverage on Comcast in a report on Thursday, November 8th. They issued an overweight rating and a $46.00 price objective for the company. Scotiabank set a $48.00 price objective on Comcast and gave the stock a buy rating in a report on Wednesday, October 31st. Finally, ValuEngine upgraded Comcast from a sell rating to a hold rating in a report on Wednesday, October 31st. Nine investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. The stock currently has an average rating of Buy and an average price target of $44.61.
Comcast stock traded down $0.47 on Friday, hitting $37.41. 19,530,697 shares of the stock traded hands, compared to its average volume of 18,464,842. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $175.93 billion, a P/E ratio of 18.16, a P/E/G ratio of 1.19 and a beta of 0.92. Comcast has a 1 year low of $30.43 and a 1 year high of $44.00.
Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, October 25th. The cable giant reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.04. The firm had revenue of $22.14 billion during the quarter, compared to analyst estimates of $21.75 billion. Comcast had a return on equity of 15.79% and a net margin of 27.33%. Analysts predict that Comcast will post 2.54 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 23rd. Investors of record on Wednesday, January 2nd will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, December 31st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.03%. Comcast’s dividend payout ratio (DPR) is presently 36.89%.
In related news, EVP Arthur R. Block sold 1,082 shares of the business’s stock in a transaction that occurred on Monday, September 24th. The stock was sold at an average price of $35.94, for a total value of $38,887.08. Following the transaction, the executive vice president now directly owns 62,476 shares of the company’s stock, valued at approximately $2,245,387.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Arthur R. Block sold 6,448 shares of the business’s stock in a transaction that occurred on Thursday, September 27th. The stock was sold at an average price of $35.48, for a total value of $228,775.04. Following the completion of the transaction, the executive vice president now directly owns 74,644 shares in the company, valued at $2,648,369.12. The disclosure for this sale can be found here. 1.31% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of CMCSA. Capital International Investors raised its holdings in shares of Comcast by 363.4% during the 3rd quarter. Capital International Investors now owns 122,675,220 shares of the cable giant’s stock worth $4,343,930,000 after acquiring an additional 96,201,446 shares in the last quarter. FMR LLC raised its holdings in shares of Comcast by 10.2% during the 3rd quarter. FMR LLC now owns 123,314,475 shares of the cable giant’s stock worth $4,366,565,000 after acquiring an additional 11,459,543 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of Comcast by 43.9% during the 3rd quarter. Bank of Montreal Can now owns 22,597,172 shares of the cable giant’s stock worth $800,167,000 after acquiring an additional 6,893,674 shares in the last quarter. Alliancebernstein L.P. raised its holdings in shares of Comcast by 17.6% during the 3rd quarter. Alliancebernstein L.P. now owns 36,684,340 shares of the cable giant’s stock worth $1,298,992,000 after acquiring an additional 5,499,850 shares in the last quarter. Finally, Natixis purchased a new stake in shares of Comcast during the 2nd quarter worth approximately $147,520,000. 79.99% of the stock is currently 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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