Comcast Corp. (CMCSA) Given “Buy” Rating at Jefferies Group
Jefferies Group restated their buy rating on shares of Comcast Corp. (NASDAQ:CMCSA) in a research note published on Friday morning. The brokerage currently has a $77.00 price objective on the cable giant’s stock.
Several other research analysts have also weighed in on CMCSA. Nomura increased their target price on Comcast Corp. from $70.00 to $73.00 and gave the stock a buy rating in a research report on Monday, June 27th. Robert W. Baird reaffirmed an outperform rating and issued a $67.00 target price on shares of Comcast Corp. in a research report on Tuesday, June 28th. Pivotal Research increased their target price on Comcast Corp. from $74.00 to $75.00 and gave the stock a buy rating in a research report on Thursday, July 7th. Barclays PLC reaffirmed an overweight rating and issued a $69.00 target price (up from $65.00) on shares of Comcast Corp. in a research report on Sunday, July 10th. Finally, Oppenheimer Holdings Inc. reaffirmed a buy rating and issued a $70.00 target price on shares of Comcast Corp. in a research report on Monday, July 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $72.00.
Comcast Corp. (NASDAQ:CMCSA) traded up 0.4965% on Friday, hitting $65.6845. The stock had a trading volume of 2,405,398 shares. The company’s 50-day moving average is $65.97 and its 200-day moving average is $64.18. Comcast Corp. has a one year low of $52.34 and a one year high of $68.36. The stock has a market cap of $158.42 billion, a P/E ratio of 19.9710 and a beta of 1.05.
Comcast Corp. (NASDAQ:CMCSA) last issued its earnings results on Wednesday, July 27th. The cable giant reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.02. The business had revenue of $18.74 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the company posted $0.84 EPS. On average, analysts anticipate that Comcast Corp. will post $3.52 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Wednesday, October 5th will be issued a dividend of $0.275 per share. The ex-dividend date is Monday, October 3rd. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.67%. Comcast Corp.’s dividend payout ratio (DPR) is presently 33.43%.
In related news, EVP Neil Smit sold 29,475 shares of the business’s stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $67.86, for a total transaction of $2,000,173.50. Following the sale, the executive vice president now owns 81,410 shares of the company’s stock, valued at $5,524,482.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Brian L. Roberts sold 304,109 shares of the business’s stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $67.26, for a total value of $20,454,371.34. Following the sale, the chairman now directly owns 630,596 shares in the company, valued at approximately $42,413,886.96. The disclosure for this sale can be found here. Insiders own 1.27% of the company’s stock.
A number of large investors have recently made changes to their positions in CMCSA. D Orazio & Associates Inc. boosted its stake in shares of Comcast Corp. by 5.3% in the second quarter. D Orazio & Associates Inc. now owns 1,563 shares of the cable giant’s stock valued at $102,000 after buying an additional 79 shares during the last quarter. Thompson Davis & CO. Inc. raised its position in Comcast Corp. by 64.6% in the second quarter. Thompson Davis & CO. Inc. now owns 1,605 shares of the cable giant’s stock valued at $105,000 after buying an additional 630 shares during the period. Oakworth Capital Inc. raised its position in Comcast Corp. by 24.0% in the second quarter. Oakworth Capital Inc. now owns 1,683 shares of the cable giant’s stock valued at $107,000 after buying an additional 326 shares during the period. Cribstone Capital Management LLC acquired a new position in Comcast Corp. during the second quarter valued at about $115,000. Finally, Proficio Capital Partners LLC raised its position in Comcast Corp. by 80.1% in the second quarter. Proficio Capital Partners LLC now owns 1,704 shares of the cable giant’s stock valued at $116,000 after buying an additional 758 shares during the period. 82.22% of the stock is currently owned by hedge funds and other institutional investors.
Comcast Corp. Company Profile
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.
Receive News & Ratings for Comcast Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast Corp. and related companies with MarketBeat.com's FREE daily email newsletter.