Comcast Corporation (NASDAQ:CMCSA) Declares Quarterly Dividend of $0.33

Comcast Corporation (NASDAQ:CMCSA) declared a quarterly dividend on Thursday, January 29th. Shareholders of record on Wednesday, April 1st will be paid a dividend of 0.33 per share by the cable giant on Wednesday, April 22nd. This represents a c) annualized dividend and a yield of 4.5%. The ex-dividend date is Wednesday, April 1st.

Comcast has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 18 years. Comcast has a payout ratio of 28.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Comcast to earn $4.68 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 28.2%.

Comcast Stock Down 0.3%

Shares of NASDAQ CMCSA opened at $29.15 on Friday. The firm has a market cap of $106.22 billion, a PE ratio of 4.87, a P/E/G ratio of 2.00 and a beta of 0.81. The company’s fifty day simple moving average is $28.36 and its 200 day simple moving average is $30.39. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.96. Comcast has a 12-month low of $25.75 and a 12-month high of $37.97.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, January 29th. The cable giant reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.09. The business had revenue of $32.31 billion for the quarter, compared to the consensus estimate of $32.35 billion. Comcast had a return on equity of 18.06% and a net margin of 18.33%.The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.96 EPS. As a group, sell-side analysts forecast that Comcast will post 4.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. BNP Paribas Exane decreased their price target on shares of Comcast from $28.10 to $28.00 and set a “neutral” rating for the company in a research note on Tuesday. KeyCorp cut Comcast from an “overweight” rating to a “sector weight” rating in a research note on Thursday, October 30th. Pivotal Research decreased their price objective on Comcast from $40.00 to $36.00 and set a “buy” rating for the company in a report on Friday, October 31st. Rosenblatt Securities restated a “neutral” rating and set a $30.00 target price on shares of Comcast in a report on Friday. Finally, Royal Bank Of Canada decreased their price target on shares of Comcast from $32.00 to $31.00 and set a “sector perform” rating for the company in a research note on Friday, January 16th. Eleven analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Comcast currently has an average rating of “Hold” and a consensus target price of $35.18.

Comcast Company Profile

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.