Comcast Corporation (NASDAQ:CMCSA) has earned an average rating of “Buy” from the thirty brokerages that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and twenty-seven have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $45.75.
CMCSA has been the topic of a number of research analyst reports. Moffett Nathanson restated a “buy” rating on shares of Comcast in a research report on Monday, October 16th. Robert W. Baird restated a “buy” rating and set a $43.00 price target on shares of Comcast in a research report on Wednesday, October 4th. Pivotal Research increased their price target on Comcast from $48.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Wells Fargo & Company reiterated a “buy” rating and issued a $49.00 price objective on shares of Comcast in a research report on Monday, October 23rd. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $45.00 price objective on shares of Comcast in a research report on Wednesday, October 18th.
Comcast (CMCSA) traded up $1.43 during midday trading on Monday, reaching $40.81. The company had a trading volume of 34,245,891 shares, compared to its average volume of 20,540,203. The company has a market cap of $182,931.39, a price-to-earnings ratio of 19.42, a PEG ratio of 1.88 and a beta of 1.01. Comcast has a 1-year low of $34.12 and a 1-year high of $42.18. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.74 and a current ratio of 0.74.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 3rd will be paid a $0.157 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date is Tuesday, January 2nd. Comcast’s dividend payout ratio (DPR) is currently 30.36%.
In other news, EVP Arthur R. Block sold 5,630 shares of the stock in a transaction on Monday, December 18th. The stock was sold at an average price of $39.89, for a total value of $224,580.70. Following the transaction, the executive vice president now owns 71,664 shares of the company’s stock, valued at approximately $2,858,676.96. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Brian L. Roberts sold 583,835 shares of the stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $38.67, for a total value of $22,576,899.45. Following the completion of the transaction, the chairman now directly owns 1,711,798 shares in the company, valued at approximately $66,195,228.66. The disclosure for this sale can be found here. In the last three months, insiders sold 593,556 shares of company stock worth $22,958,411. 1.28% of the stock is currently owned by company insiders.
A number of institutional investors have recently modified their holdings of CMCSA. Kahn Brothers Group Inc. DE raised its stake in Comcast by 65.4% during the 1st quarter. Kahn Brothers Group Inc. DE now owns 27,017 shares of the cable giant’s stock worth $624,000 after buying an additional 10,687 shares during the period. Insight Capital Research & Management Inc. acquired a new stake in Comcast during the 1st quarter worth $753,000. Mutual of America Capital Management LLC raised its stake in Comcast by 139.7% during the 1st quarter. Mutual of America Capital Management LLC now owns 679,346 shares of the cable giant’s stock worth $25,537,000 after buying an additional 395,902 shares during the period. Intellectus Partners LLC raised its stake in Comcast by 72.3% during the 1st quarter. Intellectus Partners LLC now owns 15,480 shares of the cable giant’s stock worth $582,000 after buying an additional 6,494 shares during the period. Finally, Stevens Capital Management LP raised its stake in Comcast by 1,392.2% during the 1st quarter. Stevens Capital Management LP now owns 696,476 shares of the cable giant’s stock worth $26,181,000 after buying an additional 649,800 shares during the period. 82.13% of the stock is currently owned by institutional investors and hedge funds.
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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.
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