Moffett Nathanson lowered shares of Comcast Corporation (NASDAQ:CMCSA) from a buy rating to a neutral rating in a research report released on Tuesday, Marketbeat reports. Moffett Nathanson currently has $45.00 price target on the cable giant’s stock.
A number of other equities analysts have also recently weighed in on the company. ValuEngine cut Comcast Corporation from a buy rating to a hold rating in a report on Friday, June 2nd. Macquarie restated a buy rating and issued a $45.00 price target on shares of Comcast Corporation in a report on Tuesday, May 16th. Credit Suisse Group upped their price target on Comcast Corporation from $41.00 to $45.00 and gave the stock an outperform rating in a report on Monday, May 15th. Barclays PLC set a $46.00 target price on Comcast Corporation and gave the company an overweight rating in a research report on Monday, May 1st. Finally, Royal Bank Of Canada upped their target price on Comcast Corporation from $40.00 to $45.00 and gave the company an outperform rating in a research report on Monday, May 1st. Four investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. Comcast Corporation presently has a consensus rating of Buy and an average target price of $43.43.
Shares of Comcast Corporation (NASDAQ:CMCSA) opened at 39.50 on Tuesday. Comcast Corporation has a 12-month low of $30.02 and a 12-month high of $42.18. The firm has a market cap of $187.72 billion, a PE ratio of 20.95 and a beta of 1.04. The firm’s 50-day moving average is $40.19 and its 200-day moving average is $37.73.
Comcast Corporation (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, April 27th. The cable giant reported $0.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.09. The firm had revenue of $20.46 billion during the quarter, compared to analysts’ expectations of $20.10 billion. Comcast Corporation had a return on equity of 15.98% and a net margin of 11.12%. Comcast Corporation’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.84 EPS. Equities analysts expect that Comcast Corporation will post $1.99 earnings per share for the current fiscal year.
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The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 26th. Stockholders of record on Wednesday, July 5th will be paid a $0.1575 dividend. The ex-dividend date of this dividend is Friday, June 30th. This represents a $0.63 annualized dividend and a dividend yield of 1.59%. Comcast Corporation’s payout ratio is 33.51%.
In related news, Director Kenneth J. Bacon sold 7,500 shares of the firm’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $40.50, for a total transaction of $303,750.00. Following the completion of the transaction, the director now owns 26,812 shares of the company’s stock, valued at $1,085,886. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Arthur R. Block sold 2,356 shares of the firm’s stock in a transaction dated Wednesday, April 19th. The shares were sold at an average price of $37.82, for a total value of $89,103.92. Following the transaction, the executive vice president now directly owns 62,988 shares of the company’s stock, valued at approximately $2,382,206.16. The disclosure for this sale can be found here. In the last three months, insiders sold 288,126 shares of company stock valued at $11,205,606. Company insiders own 1.27% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in CMCSA. Patriot Financial Group Insurance Agency LLC boosted its position in shares of Comcast Corporation by 100.0% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 2,680 shares of the cable giant’s stock valued at $100,000 after buying an additional 1,340 shares in the last quarter. OLD Second National Bank of Aurora boosted its position in shares of Comcast Corporation by 56.5% in the first quarter. OLD Second National Bank of Aurora now owns 2,696 shares of the cable giant’s stock valued at $101,000 after buying an additional 973 shares in the last quarter. Advantage Investment Management LLC purchased a new position in shares of Comcast Corporation during the fourth quarter valued at $103,000. Massmutual Trust Co. FSB ADV purchased a new position in shares of Comcast Corporation during the fourth quarter valued at $105,000. Finally, Zions Bancorporation boosted its position in shares of Comcast Corporation by 16.8% in the first quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock valued at $106,000 after buying an additional 410 shares in the last quarter. 82.66% of the stock is owned by institutional investors and hedge funds.
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.
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