Comcast Co. (NASDAQ:CMCSA) Receives $47.33 Consensus Price Target from Brokerages

Comcast Co. (NASDAQ:CMCSAGet Free Report) has been given a consensus recommendation of “Moderate Buy” by the twenty-one research firms that are covering the stock, MarketBeat.com reports. Nine analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $45.00.

Several research analysts have issued reports on CMCSA shares. Wells Fargo & Company lowered their price target on shares of Comcast from $45.00 to $37.00 and set an “equal weight” rating for the company in a report on Friday. TD Cowen dropped their target price on shares of Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Loop Capital decreased their price target on Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, January 2nd. Deutsche Bank Aktiengesellschaft boosted their price objective on Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, JPMorgan Chase & Co. lowered their target price on Comcast from $45.00 to $39.00 and set a “neutral” rating for the company in a report on Friday.

View Our Latest Stock Report on Comcast

Comcast Stock Up 1.2 %

NASDAQ:CMCSA opened at $33.66 on Thursday. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. Comcast has a one year low of $32.50 and a one year high of $47.11. The firm’s 50 day simple moving average is $38.61 and its 200 day simple moving average is $40.07. The company has a market cap of $128.80 billion, a PE ratio of 9.05, a P/E/G ratio of 1.36 and a beta of 1.01.

Comcast (NASDAQ:CMCSAGet Free Report) last issued its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.08. Comcast had a net margin of 11.92% and a return on equity of 19.81%. On average, research analysts anticipate that Comcast will post 4.25 earnings per share for the current year.

Comcast Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be given a $0.33 dividend. This is a positive change from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date of this dividend is Wednesday, April 2nd. Comcast’s dividend payout ratio is presently 33.33%.

Insiders Place Their Bets

In related news, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the sale, the president now directly owns 534,849 shares in the company, valued at approximately $22,779,218.91. This trade represents a 4.56 % 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. Also, CEO Brian L. Roberts sold 234,464 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total value of $10,002,234.24. Following the completion of the transaction, the chief executive officer now owns 6,669,928 shares of the company’s stock, valued at $284,539,128.48. This trade represents a 3.40 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.26% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CMCSA. Global Retirement Partners LLC lifted its position in shares of Comcast by 1.3% during the 4th quarter. Global Retirement Partners LLC now owns 57,842 shares of the cable giant’s stock valued at $2,171,000 after buying an additional 721 shares during the last quarter. Convergence Investment Partners LLC lifted its holdings in Comcast by 16.5% during the fourth quarter. Convergence Investment Partners LLC now owns 34,482 shares of the cable giant’s stock valued at $1,294,000 after purchasing an additional 4,890 shares during the last quarter. Atlas Legacy Advisors LLC bought a new position in Comcast during the fourth quarter worth about $218,000. Bank of Jackson Hole Trust purchased a new position in shares of Comcast in the fourth quarter worth about $123,000. Finally, Hara Capital LLC raised its position in shares of Comcast by 5.4% in the fourth quarter. Hara Capital LLC now owns 8,615 shares of the cable giant’s stock valued at $323,000 after purchasing an additional 441 shares during the period. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

About Comcast

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Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.

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