Comcast Corp. (CMCSA) Receives Buy Rating from Jefferies Group
Other equities analysts have also recently issued reports about the company. Wells Fargo & Co. reissued a buy rating on shares of Comcast Corp. in a research note on Monday, July 18th. Pivotal Research reissued a buy rating on shares of Comcast Corp. in a research note on Thursday, July 28th. Barclays PLC reissued an overweight rating and set a $70.00 target price on shares of Comcast Corp. in a research note on Thursday, September 22nd. Nomura reissued a buy rating on shares of Comcast Corp. in a research note on Monday, June 27th. Finally, Robert W. Baird reissued an outperform rating and set a $67.00 target price on shares of Comcast Corp. in a research note on Tuesday, June 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of Buy and an average target price of $72.00.
Comcast Corp. (NASDAQ:CMCSA) opened at 65.82 on Friday. Comcast Corp. has a 12-month low of $52.34 and a 12-month high of $68.36. The company has a market capitalization of $158.75 billion, a PE ratio of 20.01 and a beta of 1.05. The firm’s 50 day moving average price is $66.23 and its 200-day moving average price is $63.97.
Comcast Corp. (NASDAQ:CMCSA) last announced its quarterly earnings results on Wednesday, July 27th. The cable giant reported $0.83 EPS for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.02. The business had revenue of $18.74 billion for the quarter, compared to analysts’ expectations of $19.11 billion. Comcast Corp. had a return on equity of 15.04% and a net margin of 10.70%. The business’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.84 EPS. On average, equities analysts anticipate that Comcast Corp. will post $3.52 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Investors of record on Wednesday, October 5th will be paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend is Monday, October 3rd. Comcast Corp.’s dividend payout ratio is currently 33.43%.
In other Comcast Corp. news, EVP Arthur R. Block sold 1,023 shares of the firm’s stock in a transaction on Friday, September 16th. The stock was sold at an average price of $65.75, for a total transaction of $67,262.25. Following the transaction, the executive vice president now directly owns 47,539 shares in the company, valued at approximately $3,125,689.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Neil Smit sold 29,475 shares of Comcast Corp. stock in a transaction on Friday, July 29th. The shares were sold at an average price of $67.86, for a total value of $2,000,173.50. Following the completion of the transaction, the executive vice president now owns 81,410 shares in the company, valued at $5,524,482.60. The disclosure for this sale can be found here. Corporate insiders own 1.27% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Comcast Corp. by 0.9% in the second quarter. Vanguard Group Inc. now owns 145,614,334 shares of the cable giant’s stock worth $9,492,598,000 after buying an additional 1,297,292 shares in the last quarter. Wellington Management Group LLP boosted its stake in Comcast Corp. by 9.5% in the first quarter. Wellington Management Group LLP now owns 54,138,081 shares of the cable giant’s stock worth $3,306,753,000 after buying an additional 4,682,432 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Comcast Corp. by 3.0% in the second quarter. Ameriprise Financial Inc. now owns 31,177,523 shares of the cable giant’s stock worth $2,032,387,000 after buying an additional 917,751 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Comcast Corp. by 0.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 29,420,065 shares of the cable giant’s stock worth $1,917,895,000 after buying an additional 184,478 shares during the last quarter. Finally, BlackRock Fund Advisors boosted its stake in Comcast Corp. by 2.7% in the second quarter. BlackRock Fund Advisors now owns 28,901,279 shares of the cable giant’s stock worth $1,884,074,000 after buying an additional 748,545 shares during the last quarter. Institutional investors and hedge funds own 82.22% of the company’s stock.
About Comcast Corp.
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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