Comcast Corporation (NASDAQ:CMCSA) Receives $34.87 Average PT from Brokerages

Shares of Comcast Corporation (NASDAQ:CMCSA) have received a consensus rating of “Hold” from the twenty-nine analysts that are presently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a sell recommendation, fifteen have assigned a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $34.8661.

A number of research analysts have issued reports on the stock. Rosenblatt Securities restated a “neutral” rating and set a $30.00 price target on shares of Comcast in a research note on Friday, January 30th. Bank of America raised shares of Comcast from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $31.00 to $37.00 in a report on Monday, January 12th. BNP Paribas Exane downgraded Comcast from a “neutral” rating to an “underperform” rating and set a $27.00 target price on the stock. in a research report on Tuesday, February 24th. Sanford C. Bernstein lowered their price target on Comcast from $34.00 to $32.00 and set a “market perform” rating for the company in a research report on Thursday, January 15th. Finally, Arete Research set a $23.00 price objective on Comcast in a report on Tuesday, January 6th.

Comcast Trading Up 0.7%

Shares of Comcast stock traded up $0.22 on Friday, hitting $30.38. 2,689,662 shares of the company traded hands, compared to its average volume of 32,016,602. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. The company has a market cap of $109.30 billion, a PE ratio of 5.66, a PEG ratio of 2.38 and a beta of 0.79. The stock’s 50 day moving average price is $30.12 and its 200-day moving average price is $29.91. Comcast has a 52 week low of $25.75 and a 52 week high of $37.72.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, January 29th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.09. The company had revenue of $32.31 billion for the quarter, compared to analysts’ expectations of $32.35 billion. Comcast had a net margin of 16.17% and a return on equity of 16.86%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.96 EPS. Equities research analysts predict that Comcast will post 4.33 EPS for the current year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors of record on Wednesday, April 1st will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Wednesday, April 1st. Comcast’s dividend payout ratio (DPR) is 24.58%.

Insiders Place Their Bets

In other Comcast news, CEO Michael J. Cavanagh sold 57,947 shares of the business’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $32.66, for a total value of $1,892,549.02. Following the completion of the transaction, the chief executive officer directly owned 622,336 shares of the company’s stock, valued at approximately $20,325,493.76. The trade was a 8.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.32% of the company’s stock.

Institutional Trading of Comcast

Institutional investors have recently bought and sold shares of the business. Capital A Wealth Management LLC increased its position in shares of Comcast by 173.7% during the second quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant’s stock worth $25,000 after purchasing an additional 436 shares in the last quarter. Imprint Wealth LLC purchased a new position in Comcast in the 3rd quarter valued at $26,000. Avalon Trust Co boosted its stake in Comcast by 433.3% during the 2nd quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock worth $27,000 after purchasing an additional 624 shares during the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in Comcast during the 4th quarter worth $27,000. Finally, United Financial Planning Group LLC purchased a new stake in shares of Comcast during the third quarter worth $28,000. 84.32% of the stock is owned by institutional investors and hedge funds.

About Comcast

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.