Comcast Corporation (NASDAQ:CMCSA) – Research analysts at SunTrust Banks upped their FY2017 EPS estimates for shares of Comcast Corporation in a note issued to investors on Friday. SunTrust Banks analyst G. Miller now forecasts that the cable giant will post earnings of $2.05 per share for the year, up from their previous forecast of $1.97. SunTrust Banks currently has a “Buy” rating and a $45.00 target price on the stock. SunTrust Banks also issued estimates for Comcast Corporation’s Q4 2017 earnings at $0.50 EPS, Q2 2018 earnings at $0.55 EPS, Q3 2018 earnings at $0.54 EPS and FY2018 earnings at $2.19 EPS.
Several other research analysts have also weighed in on the stock. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating on shares of Comcast Corporation in a research note on Wednesday, June 28th. Credit Suisse Group upped their price objective on shares of Comcast Corporation from $41.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, May 15th. Telsey Advisory Group upped their price objective on shares of Comcast Corporation from $44.00 to $47.00 and gave the company an “outperform” rating in a research note on Friday, April 28th. Macquarie reiterated a “buy” rating and issued a $45.00 price objective on shares of Comcast Corporation in a research note on Tuesday, May 16th. Finally, Robert W. Baird reiterated an “outperform” rating and issued a $40.00 price objective on shares of Comcast Corporation in a research note on Friday, April 7th. Three analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $45.05.
Shares of Comcast Corporation (NASDAQ:CMCSA) traded down 0.482% during mid-day trading on Monday, hitting $40.255. 6,117,778 shares of the stock traded hands. The company has a market cap of $189.74 billion, a price-to-earnings ratio of 20.280 and a beta of 1.01. Comcast Corporation has a 52 week low of $30.02 and a 52 week high of $42.18. The stock has a 50-day moving average of $39.66 and a 200-day moving average of $38.58.
Comcast Corporation (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, July 27th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.04. Comcast Corporation had a net margin of 11.45% and a return on equity of 16.80%. The company had revenue of $21.17 billion during the quarter, compared to analysts’ expectations of $20.85 billion. During the same period in the previous year, the company earned $0.83 EPS. The business’s quarterly revenue was up 9.8% compared to the same quarter last year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 4th will be paid a $0.1575 dividend. The ex-dividend date is Tuesday, October 3rd. This represents a $0.63 dividend on an annualized basis and a yield of 1.56%. Comcast Corporation’s payout ratio is presently 31.74%.
In related news, EVP Stephen B. Burke sold 258,380 shares of the firm’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $38.99, for a total value of $10,074,236.20. Following the transaction, the executive vice president now directly owns 980,498 shares in the company, valued at approximately $38,229,617.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kenneth J. Bacon sold 7,500 shares of the firm’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $40.50, for a total transaction of $303,750.00. Following the completion of the transaction, the director now owns 26,812 shares in the company, valued at $1,085,886. The disclosure for this sale can be found here. Company insiders own 1.28% of the company’s stock.
A number of hedge funds have recently modified their holdings of the stock. Patriot Financial Group Insurance Agency LLC increased its stake in shares of Comcast Corporation by 100.0% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 2,680 shares of the cable giant’s stock worth $100,000 after buying an additional 1,340 shares during the period. OLD Second National Bank of Aurora increased its stake in shares of Comcast Corporation by 56.5% in the first quarter. OLD Second National Bank of Aurora now owns 2,696 shares of the cable giant’s stock worth $101,000 after buying an additional 973 shares during the period. Advantage Investment Management LLC bought a new stake in shares of Comcast Corporation during the fourth quarter worth $103,000. Zions Bancorporation increased its stake in shares of Comcast Corporation by 16.8% in the first quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock worth $106,000 after buying an additional 410 shares during the period. Finally, Orrstown Financial Services Inc. increased its stake in shares of Comcast Corporation by 159.3% in the first quarter. Orrstown Financial Services Inc. now owns 2,860 shares of the cable giant’s stock worth $108,000 after buying an additional 1,757 shares during the period. 82.48% of the stock is owned by hedge funds and other institutional investors.
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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