Moffett Nathanson Reaffirms Buy Rating for Comcast (CMCSA)
Moffett Nathanson reiterated their buy rating on shares of Comcast (NASDAQ:CMCSA) in a research note released on Thursday, Marketbeat Ratings reports. Moffett Nathanson currently has a $52.00 price target on the cable giant’s stock, up from their prior price target of $45.00.
A number of other research firms have also recently commented on CMCSA. TD Securities cut Comcast from an action list buy rating to a buy rating and increased their price target for the company from $42.60 to $51.00 in a research note on Friday, January 12th. Nomura reiterated a neutral rating and issued a $42.00 price target (down from $45.00) on shares of Comcast in a research note on Thursday. Instinet cut Comcast from a buy rating to a neutral rating and increased their price target for the company from $42.00 to $45.00 in a research note on Thursday. Evercore ISI reiterated an outperform rating and issued a $48.00 price target (up from $44.00) on shares of Comcast in a research note on Tuesday, January 9th. Finally, Buckingham Research increased their price target on Comcast from $48.00 to $50.00 and gave the company a buy rating in a research note on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-five have issued a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $46.83.
Comcast (NASDAQ CMCSA) traded up $0.65 during trading on Thursday, reaching $42.50. The company’s stock had a trading volume of 23,591,600 shares, compared to its average volume of 20,313,563. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.74 and a current ratio of 0.74. Comcast has a 52 week low of $34.78 and a 52 week high of $42.71. The stock has a market capitalization of $200,040.00, a PE ratio of 20.05, a PEG ratio of 1.84 and a beta of 1.00.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Wednesday, January 3rd will be issued a dividend of $0.157 per share. This represents a $0.63 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend is Tuesday, January 2nd. Comcast’s dividend payout ratio (DPR) is 29.72%.
In other Comcast news, Chairman Brian L. Roberts sold 583,835 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $38.67, for a total value of $22,576,899.45. Following the sale, the chairman now directly owns 1,711,798 shares of the company’s stock, valued at $66,195,228.66. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Arthur R. Block sold 3,937 shares of the firm’s stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $40.62, for a total value of $159,920.94. Following the completion of the sale, the executive vice president now directly owns 65,946 shares in the company, valued at $2,678,726.52. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 593,402 shares of company stock worth $22,961,401. 1.28% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of CMCSA. Wealthcare Advisory Partners LLC acquired a new stake in Comcast in the third quarter valued at approximately $104,000. Clear Perspective Advisors LLC grew its holdings in Comcast by 100.1% in the second quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock valued at $106,000 after purchasing an additional 1,362 shares during the period. MPS Loria Financial Planners LLC acquired a new stake in Comcast in the second quarter valued at approximately $107,000. First Bank & Trust grew its holdings in Comcast by 84.9% in the second quarter. First Bank & Trust now owns 2,836 shares of the cable giant’s stock valued at $111,000 after purchasing an additional 1,302 shares during the period. Finally, Willingdon Wealth Management acquired a new stake in Comcast in the third quarter valued at approximately $133,000. 82.26% of the stock is currently owned by institutional investors.
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Comcast 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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