Comcast Corporation (CMCSA) Upgraded at Moffett Nathanson
Moffett Nathanson upgraded shares of Comcast Corporation (NASDAQ:CMCSA) from a neutral rating to a buy rating in a research note issued to investors on Tuesday, Marketbeat Ratings reports. The firm currently has $45.00 target price on the cable giant’s stock. The analysts noted that the move was a valuation call.
CMCSA has been the subject of a number of other research reports. Argus increased their target price on shares of Comcast Corporation from $44.00 to $48.00 and gave the stock a buy rating in a research report on Friday, August 4th. Instinet reiterated a buy rating and set a $46.00 target price on shares of Comcast Corporation in a research report on Wednesday, June 28th. Robert W. Baird reiterated a buy rating and set a $43.00 target price on shares of Comcast Corporation in a research report on Friday, September 1st. Wells Fargo & Company reiterated an outperform rating and set a $44.00 target price on shares of Comcast Corporation in a research report on Wednesday, June 28th. Finally, UBS AG reiterated an overweight rating on shares of Comcast Corporation in a research report on Thursday, August 24th. Two analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $45.83.
Comcast Corporation (CMCSA) traded down 1.423% on Tuesday, reaching $37.065. 23,228,270 shares of the company’s stock traded hands. The stock has a market capitalization of $174.70 billion, a PE ratio of 18.673 and a beta of 1.01. The firm’s 50-day moving average is $40.07 and its 200 day moving average is $39.17. Comcast Corporation has a 52-week low of $30.02 and a 52-week high of $42.18.
Comcast Corporation (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, July 27th. The cable giant reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. The company had revenue of $21.17 billion during the quarter, compared to the consensus estimate of $20.85 billion. Comcast Corporation had a net margin of 11.45% and a return on equity of 16.80%. The firm’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period last year, the firm earned $0.83 EPS. Analysts forecast that Comcast Corporation will post $2.04 EPS for the current year.
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The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 4th will be paid a $0.1575 dividend. This represents a $0.63 annualized dividend and a dividend yield of 1.68%. The ex-dividend date is Tuesday, October 3rd. Comcast Corporation’s dividend payout ratio (DPR) is presently 31.74%.
In other news, SVP Daniel C. Murdock sold 3,659 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $39.61, for a total value of $144,932.99. Following the transaction, the senior vice president now owns 725 shares of the company’s stock, valued at approximately $28,717.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.28% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Patriot Financial Group Insurance Agency LLC boosted its stake in Comcast Corporation by 100.0% during the 1st 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 during the last quarter. Clear Perspective Advisors LLC boosted its stake in Comcast Corporation by 100.1% during the 2nd 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 during the last quarter. First Bank & Trust boosted its stake in Comcast Corporation by 84.9% during the 2nd 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 during the last quarter. Zions Bancorporation boosted its stake in Comcast Corporation by 16.8% during the 1st quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock worth $106,000 after acquiring an additional 410 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC bought a new position in Comcast Corporation during the 1st quarter worth approximately $112,000. 82.02% of the stock is currently owned by institutional investors and hedge funds.
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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