Robert W. Baird Reaffirms Buy Rating for Comcast Corporation (CMCSA)
Robert W. Baird restated their buy rating on shares of Comcast Corporation (NASDAQ:CMCSA) in a report issued on Friday morning. They currently have a $43.00 price objective on the cable giant’s stock.
Other equities research analysts also recently issued reports about the stock. Macquarie reissued a buy rating and issued a $45.00 price objective on shares of Comcast Corporation in a research report on Tuesday, May 16th. Bank of America Corporation increased their price objective on shares of Comcast Corporation from $45.00 to $50.00 and gave the company a buy rating in a research report on Friday, June 30th. Instinet reaffirmed a buy rating and issued a $46.00 target price on shares of Comcast Corporation in a research report on Wednesday, June 28th. Goldman Sachs Group, Inc. (The) reaffirmed a buy rating on shares of Comcast Corporation in a research report on Wednesday, June 28th. Finally, Pivotal Research reaffirmed a buy rating and issued a $48.00 target price on shares of Comcast Corporation in a research report on Tuesday, June 27th. Three equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $45.83.
Comcast Corporation (NASDAQ CMCSA) traded up 1.11% during trading on Friday, reaching $41.06. 11,343,395 shares of the company’s stock traded hands. The company has a 50 day moving average price of $40.20 and a 200-day moving average price of $39.12. Comcast Corporation has a 12-month low of $30.02 and a 12-month high of $42.18. The company has a market cap of $193.53 billion, a PE ratio of 20.69 and a beta of 1.01.
Comcast Corporation (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, July 27th. The cable giant reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.04. Comcast Corporation had a net margin of 11.45% and a return on equity of 16.80%. The company had revenue of $21.17 billion for the quarter, compared to the consensus estimate of $20.85 billion. During the same period in the prior year, the firm posted $0.83 EPS. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. On average, equities research analysts forecast that Comcast Corporation will post $2.04 EPS for the current fiscal year.
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The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 4th will be paid a $0.1575 dividend. This represents a $0.63 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend is Tuesday, October 3rd. Comcast Corporation’s dividend payout ratio (DPR) is presently 31.74%.
In other news, SVP Daniel C. Murdock sold 3,659 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $39.61, for a total value of $144,932.99. Following the completion of the sale, the senior vice president now owns 725 shares in the company, valued at approximately $28,717.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.28% of the stock is currently owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the company. Patriot Financial Group Insurance Agency LLC lifted its stake in shares of Comcast Corporation by 100.0% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 2,680 shares of the cable giant’s stock worth $100,000 after acquiring an additional 1,340 shares during the period. OLD Second National Bank of Aurora lifted its stake in shares of Comcast Corporation by 56.5% in the 1st quarter. OLD Second National Bank of Aurora now owns 2,696 shares of the cable giant’s stock worth $101,000 after acquiring an additional 973 shares during the period. Zions Bancorporation lifted its stake in shares of Comcast Corporation by 16.8% in the 1st quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock worth $106,000 after acquiring an additional 410 shares during the period. Clear Perspective Advisors LLC lifted its stake in shares of Comcast Corporation by 100.1% in the 2nd quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock worth $106,000 after acquiring an additional 1,362 shares during the period. Finally, First Bank & Trust lifted its stake in shares of Comcast Corporation by 84.9% in the 2nd quarter. First Bank & Trust now owns 2,836 shares of the cable giant’s stock worth $111,000 after acquiring an additional 1,302 shares during the period. Institutional investors own 82.02% of the company’s stock.
Comcast Corporation Company Profile
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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