Comcast Corporation (NASDAQ:CMCSA) shares are set to split before the market opens on Monday, February 20th. The 2-1 split was announced on Thursday, January 26th. The newly created shares will be issued to shareholders after the market closes on Friday, February 17th.
Shares of Comcast Corporation (NASDAQ:CMCSA) opened at 75.15 on Friday. The company’s 50 day moving average price is $72.78 and its 200 day moving average price is $67.99. The company has a market capitalization of $178.54 billion, a price-to-earnings ratio of 21.05 and a beta of 1.07. Comcast Corporation has a 52-week low of $56.59 and a 52-week high of $76.87.
Comcast Corporation (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, January 26th. The cable giant reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.02. Comcast Corporation had a return on equity of 15.30% and a net margin of 10.81%. The business had revenue of $21 billion for the quarter, compared to the consensus estimate of $20.67 billion. During the same period in the prior year, the business posted $0.81 earnings per share. The company’s quarterly revenue was up 9.2% compared to the same quarter last year. On average, analysts predict that Comcast Corporation will post $3.75 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 26th. Shareholders of record on Wednesday, April 5th will be given a dividend of $0.1575 per share. The ex-dividend date of this dividend is Monday, April 3rd. This is an increase from Comcast Corporation’s previous quarterly dividend of $0.14. This represents a $0.63 dividend on an annualized basis and a yield of 0.84%. Comcast Corporation’s dividend payout ratio is 30.81%.
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CMCSA has been the topic of several recent analyst reports. Wunderlich reiterated a “buy” rating and issued a $85.00 price target (up from $78.00) on shares of Comcast Corporation in a report on Wednesday, November 30th. RBC Capital Markets increased their price objective on Comcast Corporation from $72.00 to $80.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 31st. Pivotal Research increased their price objective on Comcast Corporation to $95.00 and gave the stock a “buy” rating in a research note on Thursday, January 26th. HSBC Holdings plc assumed coverage on Comcast Corporation in a research note on Thursday, January 19th. They issued a “buy” rating and a $83.00 price objective on the stock. Finally, Jefferies Group LLC increased their price objective on Comcast Corporation from $80.00 to $86.00 and gave the stock a “buy” rating in a research note on Friday, January 27th. Twenty-two equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $79.03.
In other news, EVP Arthur R. Block sold 6,752 shares of the firm’s stock in a transaction dated Tuesday, November 29th. The stock was sold at an average price of $69.88, for a total transaction of $471,829.76. Following the sale, the executive vice president now directly owns 69,889 shares in the company, valued at approximately $4,883,843.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Neil Smit sold 15,121 shares of the firm’s stock in a transaction dated Thursday, December 1st. The shares were sold at an average price of $69.57, for a total value of $1,051,967.97. Following the sale, the executive vice president now owns 62,208 shares in the company, valued at $4,327,810.56. The disclosure for this sale can be found here. Insiders have sold a total of 229,839 shares of company stock valued at $17,165,153 in the last quarter. Company insiders own 1.27% of the company’s stock.
Several large investors have recently bought and sold shares of CMCSA. Woodmont Investment Counsel LLC purchased a new stake in Comcast Corporation during the third quarter valued at about $110,000. Adirondack Trust Co. boosted its stake in Comcast Corporation by 25.1% in the third quarter. Adirondack Trust Co. now owns 1,671 shares of the cable giant’s stock valued at $111,000 after buying an additional 335 shares during the last quarter. Proficio Capital Partners LLC boosted its stake in Comcast Corporation by 80.1% in the second quarter. Proficio Capital Partners LLC now owns 1,704 shares of the cable giant’s stock valued at $116,000 after buying an additional 758 shares during the last quarter. Penserra Capital Management LLC boosted its stake in Comcast Corporation by 100.0% in the third quarter. Penserra Capital Management LLC now owns 1,764 shares of the cable giant’s stock valued at $117,000 after buying an additional 882 shares during the last quarter. Finally, Cribstone Capital Management LLC boosted its stake in Comcast Corporation by 4.2% in the third quarter. Cribstone Capital Management LLC now owns 1,841 shares of the cable giant’s stock valued at $120,000 after buying an additional 75 shares during the last quarter. Hedge funds and other institutional investors own 82.25% of the company’s stock.
About Comcast Corporation
Comcast Corporation is a media and technology company. The Company’s primary businesses include Comcast Cable and NBCUniversal. Its Comcast Cable business operates in Cable Communications segment. Its NBCUniversal business consists of four segments, which include Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.
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