Comcast Co. (CMCSA) Receives $47.74 Consensus PT from Analysts

Shares of Comcast Co. (NASDAQ:CMCSA) have been assigned an average rating of “Buy” from the twenty-nine analysts that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and twenty-four have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $47.74.

Several research analysts have weighed in on the stock. SunTrust Banks upped their target price on shares of Comcast to $50.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. TD Securities upped their target price on shares of Comcast from $51.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Nomura restated a “neutral” rating and set a $42.00 target price (down from $45.00) on shares of Comcast in a research report on Thursday, January 18th. Royal Bank of Canada reiterated a “buy” rating and issued a $45.00 price target on shares of Comcast in a research report on Wednesday, October 18th. Finally, Scotiabank set a $52.00 price target on shares of Comcast and gave the company a “buy” rating in a research report on Friday, January 19th.

In related news, Chairman Brian L. Roberts sold 583,835 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $38.67, for a total transaction of $22,576,899.45. Following the transaction, the chairman now owns 1,711,798 shares of the company’s stock, valued at $66,195,228.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Arthur R. Block sold 3,937 shares of the company’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 transaction of $159,920.94. Following the transaction, the executive vice president now directly owns 65,946 shares in the company, valued at approximately $2,678,726.52. The disclosure for this sale can be found here. Insiders have sold 784,158 shares of company stock worth $31,070,439 in the last three months. Insiders own 1.28% of the company’s stock.

A number of large investors have recently bought and sold shares of CMCSA. Wealthcare Advisory Partners LLC purchased a new position in Comcast during the third quarter worth approximately $104,000. Vigilant Capital Management LLC raised its stake in shares of Comcast by 474.2% in the 4th quarter. Vigilant Capital Management LLC now owns 2,584 shares of the cable giant’s stock valued at $104,000 after acquiring an additional 2,134 shares during the period. Clear Perspective Advisors LLC raised its stake in shares of Comcast by 100.1% in the 2nd quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock valued at $106,000 after acquiring an additional 1,362 shares during the period. MPS Loria Financial Planners LLC purchased a new position in shares of Comcast in the 2nd quarter valued at $107,000. Finally, Tower View Investment Management & Research LLC purchased a new position in shares of Comcast in the 4th quarter valued at $109,000. 82.15% of the stock is currently owned by institutional investors.

Shares of Comcast (CMCSA) traded up $0.30 on Tuesday, reaching $38.49. 5,161,086 shares of the company’s stock traded hands, compared to its average volume of 24,929,479. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.86. Comcast has a one year low of $34.78 and a one year high of $44.00. The firm has a market capitalization of $186,476.95, a price-to-earnings ratio of 8.05, a P/E/G ratio of 1.54 and a beta of 1.04.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Wednesday, January 24th. The cable giant reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.02. Comcast had a net margin of 26.87% and a return on equity of 16.47%. The company had revenue of $21.92 billion for the quarter, compared to analyst estimates of $21.83 billion. During the same period in the prior year, the business posted $0.89 earnings per share. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. sell-side analysts predict that Comcast will post 2.46 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Wednesday, April 4th will be paid a dividend of $0.19 per share. This is an increase from Comcast’s previous quarterly dividend of $0.16. The ex-dividend date is Tuesday, April 3rd. This represents a $0.76 annualized dividend and a dividend yield of 1.97%. Comcast’s dividend payout ratio is presently 13.21%.

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About Comcast

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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