Comcast (CMCSA) Lowered to “Neutral” at Instinet

Instinet downgraded shares of Comcast (NASDAQ:CMCSA) from a buy rating to a neutral rating in a research note published on Thursday. The brokerage currently has $45.00 target price on the cable giant’s stock, up from their prior target price of $42.00.

Several other analysts also recently commented on CMCSA. TD Securities downgraded Comcast from an action list buy rating to a buy rating and upped their price objective for the company from $42.60 to $51.00 in a research note on Friday, January 12th. Royal Bank of Canada reaffirmed a buy rating and set a $45.00 price objective on shares of Comcast in a research note on Wednesday, October 18th. Evercore ISI reaffirmed an outperform rating and set a $48.00 price objective (up from $44.00) on shares of Comcast in a research note on Tuesday, January 9th. KeyCorp reiterated a hold rating on shares of Comcast in a research report on Tuesday, October 17th. Finally, Robert W. Baird reiterated an outperform rating on shares of Comcast in a research report on Wednesday, September 20th. One research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-five have given a buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of $46.83.

Comcast (NASDAQ:CMCSA) traded up $0.65 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 current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.06. The stock has a market cap of $200,040.00, a P/E ratio of 20.05, a PEG ratio of 1.84 and a beta of 1.00. Comcast has a 12-month low of $34.78 and a 12-month high of $42.71.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, October 26th. The cable giant reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.03. The firm had revenue of $20.98 billion during the quarter, compared to the consensus estimate of $21.05 billion. Comcast had a return on equity of 17.17% and a net margin of 11.99%. The firm’s revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.92 EPS. analysts predict that Comcast will post 2.05 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Wednesday, January 3rd will be issued a $0.157 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend is Tuesday, January 2nd. Comcast’s dividend payout ratio is currently 29.72%.

In other Comcast news, Chairman Brian L. Roberts sold 583,835 shares of the stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $38.67, for a total transaction of $22,576,899.45. Following the sale, the chairman now owns 1,711,798 shares in the company, valued at approximately $66,195,228.66. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Arthur R. Block sold 5,630 shares of the stock in a transaction on Monday, December 18th. The shares were sold at an average price of $39.89, for a total value of $224,580.70. Following the sale, the executive vice president now owns 71,664 shares in the company, valued at approximately $2,858,676.96. The disclosure for this sale can be found here. In the last 90 days, insiders sold 593,402 shares of company stock worth $22,961,401. Insiders own 1.28% of the company’s stock.

Large investors have recently made changes to their positions in the business. Wealthcare Advisory Partners LLC purchased a new position in shares of Comcast during the 3rd quarter worth $104,000. Clear Perspective Advisors LLC lifted its stake in shares of Comcast by 100.1% during the 2nd quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock worth $106,000 after purchasing an additional 1,362 shares during the period. MPS Loria Financial Planners LLC purchased a new position in shares of Comcast during the 2nd quarter worth $107,000. First Bank & Trust lifted its stake in shares of Comcast by 84.9% during the 2nd quarter. First Bank & Trust now owns 2,836 shares of the cable giant’s stock worth $111,000 after purchasing an additional 1,302 shares during the period. Finally, Willingdon Wealth Management purchased a new position in shares of Comcast during the 3rd quarter worth $133,000. Hedge funds and other institutional investors own 82.26% of the company’s stock.

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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.

Analyst Recommendations for Comcast (NASDAQ:CMCSA)

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