Comcast Corporation (CMCSA) Earns “Outperform” Rating from Robert W. Baird
Several other research analysts have also weighed in on CMCSA. Argus raised their price objective on shares of Comcast Corporation from $44.00 to $48.00 and gave the stock a buy rating in a report on Friday, August 4th. KeyCorp reissued a neutral rating on shares of Comcast Corporation in a report on Sunday, September 17th. Instinet reissued a buy rating and set a $46.00 price objective on shares of Comcast Corporation in a report on Wednesday, June 28th. Wells Fargo & Company reissued an outperform rating and set a $44.00 price objective on shares of Comcast Corporation in a report on Wednesday, June 28th. Finally, UBS AG reissued an overweight rating on shares of Comcast Corporation in a report on Thursday, August 24th. Three investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. Comcast Corporation has an average rating of Buy and an average price target of $45.83.
Shares of Comcast Corporation (CMCSA) opened at 38.10 on Wednesday. Comcast Corporation has a 12 month low of $30.02 and a 12 month high of $42.18. The stock has a market capitalization of $179.58 billion, a PE ratio of 19.19 and a beta of 1.01. The company has a 50-day moving average of $39.84 and a 200-day moving average of $39.19.
Comcast Corporation (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, July 27th. The cable giant reported $0.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.04. The business had revenue of $21.17 billion during the quarter, compared to analyst estimates of $20.85 billion. Comcast Corporation had a net margin of 11.45% and a return on equity of 16.80%. The business’s revenue was up 9.8% on a year-over-year basis. During the same period last year, the business earned $0.83 EPS. On average, equities research analysts expect that Comcast Corporation will post $2.04 EPS for the current fiscal year.
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The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 4th will be given a $0.1575 dividend. The ex-dividend date is Tuesday, October 3rd. This represents a $0.63 annualized dividend and a yield of 1.65%. Comcast Corporation’s dividend payout ratio is presently 31.74%.
In other Comcast Corporation news, Director Kenneth J. Bacon sold 2,232 shares of the firm’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $37.27, for a total transaction of $83,186.64. Following the transaction, the director now owns 24,580 shares of the company’s stock, valued at approximately $916,096.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 transaction of $144,932.99. Following the transaction, the senior vice president now directly owns 725 shares in the company, valued at approximately $28,717.25. The disclosure for this sale can be found here. Company insiders own 1.28% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in CMCSA. State Street Corp increased its stake in Comcast Corporation by 97.6% during the 1st quarter. State Street Corp now owns 199,519,367 shares of the cable giant’s stock valued at $7,499,933,000 after buying an additional 98,570,377 shares during the period. Clearbridge Investments LLC increased its stake in Comcast Corporation by 97.6% during the 1st quarter. Clearbridge Investments LLC now owns 97,454,749 shares of the cable giant’s stock valued at $3,663,324,000 after buying an additional 48,147,456 shares during the period. Ameriprise Financial Inc. increased its stake in Comcast Corporation by 95.7% during the 1st quarter. Ameriprise Financial Inc. now owns 59,716,372 shares of the cable giant’s stock valued at $2,244,768,000 after buying an additional 29,199,805 shares during the period. Bank of New York Mellon Corp increased its stake in Comcast Corporation by 103.1% during the 1st quarter. Bank of New York Mellon Corp now owns 56,323,747 shares of the cable giant’s stock valued at $2,117,212,000 after buying an additional 28,597,277 shares during the period. Finally, Janus Henderson Group PLC increased its stake in Comcast Corporation by 1,581.1% during the 2nd quarter. Janus Henderson Group PLC now owns 28,199,798 shares of the cable giant’s stock valued at $1,097,544,000 after buying an additional 26,522,368 shares during the period. 81.93% of the stock is currently owned by hedge funds and other institutional investors.
About Comcast Corporation
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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