Comcast Corp. (NASDAQ:CMCSA)‘s stock had its “overweight” rating restated by investment analysts at Barclays PLC in a research note issued to investors on Thursday. They currently have a $70.00 target price on the cable giant’s stock. Barclays PLC’s target price would suggest a potential upside of 4.01% from the stock’s current price.
Other equities analysts have also issued reports about the stock. Pivotal Research reiterated a “buy” rating on shares of Comcast Corp. in a research report on Thursday, July 28th. Wells Fargo & Co. reiterated a “buy” rating on shares of Comcast Corp. in a research report on Monday, July 18th. Oppenheimer Holdings Inc. reiterated a “buy” rating and issued a $70.00 price target on shares of Comcast Corp. in a research report on Monday, July 11th. Nomura reiterated a “buy” rating on shares of Comcast Corp. in a research report on Monday, June 27th. Finally, Jefferies Group upped their price target on shares of Comcast Corp. from $72.00 to $77.00 and gave the stock a “buy” rating in a research report on Thursday, July 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Comcast Corp. currently has an average rating of “Buy” and an average price target of $71.87.
Comcast Corp. (NASDAQ:CMCSA) traded up 0.21% during trading on Thursday, reaching $67.30. The company’s stock had a trading volume of 8,715,482 shares. Comcast Corp. has a 1-year low of $52.34 and a 1-year high of $68.36. The company’s 50-day moving average is $66.36 and its 200-day moving average is $63.62. The company has a market capitalization of $162.32 billion, a P/E ratio of 20.46 and a beta of 1.00.
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Comcast Corp. (NASDAQ:CMCSA) last announced its earnings results on Wednesday, July 27th. The cable giant reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.02. The company earned $18.74 billion during the quarter, compared to analyst estimates of $19.11 billion. Comcast Corp. had a net margin of 10.70% and a return on equity of 15.04%. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.84 earnings per share. Equities analysts anticipate that Comcast Corp. will post $3.52 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 26th. Shareholders of record on Wednesday, October 5th will be issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend is Monday, October 3rd. Comcast Corp.’s payout ratio is 33.43%.
In other Comcast Corp. news, Chairman Brian L. Roberts sold 304,109 shares of the stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $67.26, for a total transaction of $20,454,371.34. Following the completion of the sale, the chairman now directly owns 630,596 shares of the company’s stock, valued at $42,413,886.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Neil Smit sold 15,121 shares of the stock in a transaction dated Thursday, September 1st. The shares were sold at an average price of $65.68, for a total transaction of $993,147.28. Following the sale, the executive vice president now directly owns 66,289 shares of the company’s stock, valued at $4,353,861.52. The disclosure for this sale can be found here. Company insiders own 1.27% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. Raymond James Trust N.A. raised its stake in Comcast Corp. by 4.1% in the first quarter. Raymond James Trust N.A. now owns 118,349 shares of the cable giant’s stock valued at $7,228,000 after buying an additional 4,710 shares during the last quarter. Tompkins Financial Corp raised its stake in Comcast Corp. by 13.8% in the first quarter. Tompkins Financial Corp now owns 12,215 shares of the cable giant’s stock valued at $746,000 after buying an additional 1,485 shares during the last quarter. Carroll Financial Associates Inc. raised its stake in Comcast Corp. by 11.8% in the first quarter. Carroll Financial Associates Inc. now owns 4,543 shares of the cable giant’s stock valued at $277,000 after buying an additional 480 shares during the last quarter. Boston Advisors LLC raised its stake in Comcast Corp. by 5.5% in the first quarter. Boston Advisors LLC now owns 955,298 shares of the cable giant’s stock valued at $58,350,000 after buying an additional 49,455 shares during the last quarter. Finally, V Wealth Management LLC purchased a new stake in Comcast Corp. during the first quarter valued at approximately $2,032,000. 82.22% of the stock is owned by institutional investors and hedge funds.
Comcast Corp. Company Profile
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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