Robert W. Baird reiterated their outperform rating on shares of Comcast Corporation (NASDAQ:CMCSA) in a report issued on Wednesday.

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.

Analyst Recommendations for Comcast Corporation (NASDAQ:CMCSA)

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