Comcast Corporation (NASDAQ:CMCSA) – Jefferies Group decreased their FY2018 EPS estimates for Comcast Corporation in a report issued on Sunday. Jefferies Group analyst M. Mccormack now anticipates that the cable giant will post earnings per share of $2.28 for the year, down from their prior forecast of $2.30. Jefferies Group has a “Buy” rating and a $47.00 price objective on the stock.
Comcast Corporation (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, July 27th. The cable giant reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.04. The company had revenue of $21.17 billion during the quarter, compared to the consensus estimate of $20.85 billion. Comcast Corporation had a return on equity of 16.80% and a net margin of 11.45%. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.83 EPS.
Several other brokerages have also commented on CMCSA. UBS AG reaffirmed an “overweight” rating on shares of Comcast Corporation in a report on Thursday, August 24th. Barclays PLC set a $44.00 price objective on Comcast Corporation and gave the stock a “buy” rating in a report on Friday, July 14th. Pivotal Research reaffirmed a “buy” rating and issued a $48.00 price objective on shares of Comcast Corporation in a report on Tuesday, June 27th. ValuEngine lowered Comcast Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $44.00 price objective (up previously from $43.00) on shares of Comcast Corporation in a report on Thursday, July 6th. Two equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $45.83.
Comcast Corporation (NASDAQ CMCSA) traded up 0.03% on Tuesday, hitting $37.84. The stock had a trading volume of 22,978,842 shares. Comcast Corporation has a 52 week low of $30.02 and a 52 week high of $42.18. The firm has a 50-day moving average of $40.29 and a 200 day moving average of $39.20. The company has a market capitalization of $178.35 billion, a price-to-earnings ratio of 19.06 and a beta of 1.01.
Several large investors have recently bought and sold shares of the stock. Connecticut Wealth Management LLC lifted its position in shares of Comcast Corporation by 0.4% in the second quarter. Connecticut Wealth Management LLC now owns 6,602 shares of the cable giant’s stock worth $256,000 after buying an additional 24 shares in the last quarter. Financial Consulate Inc. lifted its position in shares of Comcast Corporation by 0.5% in the second quarter. Financial Consulate Inc. now owns 6,400 shares of the cable giant’s stock worth $249,000 after buying an additional 30 shares in the last quarter. Clarius Group LLC lifted its position in shares of Comcast Corporation by 0.4% in the second quarter. Clarius Group LLC now owns 8,041 shares of the cable giant’s stock worth $313,000 after buying an additional 32 shares in the last quarter. GM Advisory Group Inc. lifted its position in shares of Comcast Corporation by 0.9% in the second quarter. GM Advisory Group Inc. now owns 5,554 shares of the cable giant’s stock worth $217,000 after buying an additional 48 shares in the last quarter. Finally, Peoples Bank OH lifted its position in shares of Comcast Corporation by 0.9% in the second quarter. Peoples Bank OH now owns 6,340 shares of the cable giant’s stock worth $247,000 after buying an additional 59 shares in the last quarter. Institutional investors own 82.02% of the company’s stock.
In other news, SVP Daniel C. Murdock sold 3,659 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $39.61, for a total value of $144,932.99. Following the transaction, the senior vice president now directly owns 725 shares in the company, valued at $28,717.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.28% of the stock is owned by insiders.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 4th will be given a $0.1575 dividend. The ex-dividend date is Tuesday, October 3rd. This represents a $0.63 annualized dividend and a dividend yield of 1.67%. Comcast Corporation’s payout ratio is 31.74%.
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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