Morgan Stanley reiterated their overweight rating on shares of Comcast Corporation (NASDAQ:CMCSA) in a research note published on Thursday. The brokerage currently has a $44.00 target price on the cable giant’s stock.

Other equities analysts have also recently issued research reports about the company. Barclays PLC set a $44.00 price target on Comcast Corporation and gave the stock a buy rating in a research note on Friday, July 14th. ValuEngine raised Comcast Corporation from a hold rating to a buy rating in a research note on Thursday, July 13th. TD Securities started coverage on Comcast Corporation in a research note on Thursday, July 13th. They issued a buy rating and a $51.00 price target on the stock. Royal Bank Of Canada reissued a buy rating and issued a $45.00 price target on shares of Comcast Corporation in a research note on Sunday, July 9th. Finally, Jefferies Group LLC reissued a buy rating and issued a $47.00 price target on shares of Comcast Corporation in a research note on Friday, July 7th. Three investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. Comcast Corporation presently has an average rating of Buy and a consensus price target of $45.83.

Comcast Corporation (NASDAQ:CMCSA) opened at 38.10 on Thursday. The stock has a market capitalization of $179.58 billion, a price-to-earnings ratio of 19.19 and a beta of 1.01. Comcast Corporation has a 12-month low of $30.02 and a 12-month high of $42.18. The firm 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 earnings results on Thursday, July 27th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. The firm had revenue of $21.17 billion for the quarter, compared to analyst estimates of $20.85 billion. Comcast Corporation had a return on equity of 16.80% and a net margin of 11.45%. Comcast Corporation’s revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.83 earnings per share. Equities research analysts forecast that Comcast Corporation will post $2.04 earnings per share for the current fiscal year.

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The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 4th will be issued a dividend of $0.1575 per share. The ex-dividend date of this dividend is Tuesday, October 3rd. This represents a $0.63 annualized dividend and a dividend yield of 1.65%. Comcast Corporation’s dividend payout ratio is 31.74%.

In related news, Director Kenneth J. Bacon sold 2,232 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $37.27, for a total value of $83,186.64. Following the completion of the sale, the director now directly owns 24,580 shares in the company, valued at approximately $916,096.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Daniel C. Murdock sold 3,659 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $39.61, for a total value of $144,932.99. Following the completion of the sale, the senior vice president now owns 725 shares of the company’s stock, valued at $28,717.25. The disclosure for this sale can be found here. 1.28% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. MPS Loria Financial Planners LLC acquired a new stake in Comcast Corporation in the 2nd quarter worth approximately $107,000. Griffin Asset Management Inc. acquired a new stake in Comcast Corporation in the 2nd quarter worth approximately $599,000. Achmea Investment Management B.V. lifted its holdings in Comcast Corporation by 25.8% in the 2nd quarter. Achmea Investment Management B.V. now owns 357,071 shares of the cable giant’s stock worth $13,893,000 after purchasing an additional 73,119 shares during the last quarter. RNC Capital Management LLC lifted its holdings in Comcast Corporation by 9.4% in the 2nd quarter. RNC Capital Management LLC now owns 8,158 shares of the cable giant’s stock worth $318,000 after purchasing an additional 704 shares during the last quarter. Finally, Sentry Investment Management LLC lifted its holdings in Comcast Corporation by 1.1% in the 2nd quarter. Sentry Investment Management LLC now owns 380,573 shares of the cable giant’s stock worth $14,812,000 after purchasing an additional 4,034 shares during the last quarter. Hedge funds and other institutional investors own 81.93% of the company’s stock.

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.

Analyst Recommendations for Comcast Corporation (NASDAQ:CMCSA)

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