Comcast Corporation (NASDAQ:CMCSA) – Research analysts at Jefferies Group upped their FY2018 earnings per share (EPS) estimates for Comcast Corporation in a research report issued on Thursday. Jefferies Group analyst M. Mccormack now forecasts that the cable giant will post earnings per share of $2.30 for the year, up from their previous forecast of $2.28. Jefferies Group currently has a “Buy” rating and a $47.00 price target on the stock.

Other research analysts have also recently issued research reports about the stock. Bank of America Corporation lifted their target price on shares of Comcast Corporation from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, June 30th. Guggenheim upgraded shares of Comcast Corporation from a “neutral” rating to a “buy” rating and lifted their target price for the company from $42.00 to $46.00 in a research note on Thursday, August 3rd. Barclays PLC set a $44.00 target price on shares of Comcast Corporation and gave the company a “buy” rating in a research note on Friday, July 14th. ValuEngine upgraded shares of Comcast Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. Finally, TD Securities started coverage on shares of Comcast Corporation in a research note on Thursday, July 13th. They set a “buy” rating and a $51.00 target price on the stock. Three research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $45.83.

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Shares of Comcast Corporation (NASDAQ CMCSA) opened at 36.01 on Monday. The stock has a market cap of $169.73 billion, a P/E ratio of 18.14 and a beta of 0.98. Comcast Corporation has a 12 month low of $30.02 and a 12 month high of $42.18. The company has a 50 day moving average price of $38.35 and a 200-day moving average price of $39.25.

Comcast Corporation (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, July 27th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.04. Comcast Corporation had a return on equity of 16.80% and a net margin of 11.45%. The company had revenue of $21.17 billion for the quarter, compared to the consensus estimate of $20.85 billion. During the same quarter last year, the business posted $0.83 earnings per share. The firm’s revenue was up 9.8% compared to the same quarter last year.

Large investors have recently modified their holdings of the stock. United States Steel & Carnegie Pension Fund grew its stake in Comcast Corporation by 100.0% in the 1st quarter. United States Steel & Carnegie Pension Fund now owns 1,126,216 shares of the cable giant’s stock worth $42,334,000 after acquiring an additional 563,108 shares in the last quarter. Waldron LP grew its stake in Comcast Corporation by 191.1% in the 1st quarter. Waldron LP now owns 46,885 shares of the cable giant’s stock worth $1,767,000 after acquiring an additional 30,777 shares in the last quarter. Parsons Capital Management Inc. RI grew its stake in Comcast Corporation by 101.4% in the 1st quarter. Parsons Capital Management Inc. RI now owns 294,701 shares of the cable giant’s stock worth $11,078,000 after acquiring an additional 148,383 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in Comcast Corporation by 99.5% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 499,986 shares of the cable giant’s stock worth $18,794,000 after acquiring an additional 249,393 shares in the last quarter. Finally, Bridge Creek Capital Management LLC grew its stake in Comcast Corporation by 87.3% in the 1st quarter. Bridge Creek Capital Management LLC now owns 86,820 shares of the cable giant’s stock worth $3,264,000 after acquiring an additional 40,477 shares in the last quarter. Institutional investors own 81.84% of the company’s stock.

In related news, SVP Daniel C. Murdock sold 3,659 shares of the company’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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Arthur R. Block sold 4,091 shares of the company’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $38.36, for a total transaction of $156,930.76. Following the transaction, the executive vice president now owns 68,478 shares in the company, valued at $2,626,816.08. The disclosure for this sale can be found here. Insiders have sold a total of 9,982 shares of company stock worth $385,050 over the last 90 days. Corporate insiders own 1.28% of the company’s stock.

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 given a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a dividend yield of 1.75%. The ex-dividend date is Tuesday, October 3rd. Comcast Corporation’s dividend payout ratio is 31.74%.

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.

Earnings History and Estimates for Comcast Corporation (NASDAQ:CMCSA)

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