Moffett Nathanson reiterated their buy rating on shares of Comcast (NASDAQ:CMCSA) in a research note issued to investors on Thursday morning, Marketbeat reports. The brokerage currently has a $52.00 target price on the cable giant’s stock, up from their prior target price of $45.00.
CMCSA has been the subject of a number of other reports. OTR Global downgraded shares of Comcast to a positive rating in a research report on Monday, October 30th. Evercore ISI reissued an outperform rating and set a $48.00 target price (up from $44.00) on shares of Comcast in a research report on Tuesday, January 9th. Buckingham Research began coverage on shares of Comcast in a research report on Monday, November 20th. They set a buy rating and a $48.00 target price for the company. Wells Fargo & Co reissued a buy rating and set a $49.00 target price on shares of Comcast in a research report on Monday, October 23rd. Finally, Nomura reduced their target price on shares of Comcast from $46.00 to $42.00 and set a buy rating for the company in a research report on Friday, October 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-five have given a buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of $46.83.
Comcast (NASDAQ:CMCSA) traded up $0.65 during trading on Thursday, hitting $42.50. 22,344,138 shares of the stock were exchanged, compared to its average volume of 21,530,000. Comcast has a 1 year low of $34.78 and a 1 year high of $42.71. The company has a market cap of $198,640.00, a P/E ratio of 20.05, a P/E/G ratio of 1.84 and a beta of 1.00. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.06.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 3rd will be paid a $0.157 dividend. This represents a $0.63 annualized dividend and a yield of 1.48%. The ex-dividend date is Tuesday, January 2nd. Comcast’s dividend payout ratio is presently 29.72%.
In other Comcast news, Chairman Brian L. Roberts sold 583,835 shares of the stock in a transaction that occurred 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 sale, the chairman now directly owns 1,711,798 shares in the company, valued at approximately $66,195,228.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Arthur R. Block sold 3,937 shares of the stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $40.62, for a total transaction of $159,920.94. Following the completion of the sale, the executive vice president now owns 65,946 shares in the company, valued at $2,678,726.52. The disclosure for this sale can be found here. Insiders sold a total of 593,402 shares of company stock worth $22,961,401 over the last quarter. Corporate insiders own 1.28% of the company’s stock.
Several institutional investors have recently bought and sold shares of CMCSA. Janus Henderson Group PLC raised its position in shares of Comcast by 1,581.1% during the 2nd quarter. Janus Henderson Group PLC now owns 28,199,798 shares of the cable giant’s stock valued at $1,097,544,000 after buying an additional 26,522,368 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Comcast by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 316,845,966 shares of the cable giant’s stock valued at $12,331,646,000 after buying an additional 8,677,771 shares in the last quarter. Capital International Investors raised its position in shares of Comcast by 23.3% during the 3rd quarter. Capital International Investors now owns 34,256,110 shares of the cable giant’s stock valued at $1,318,175,000 after buying an additional 6,467,802 shares in the last quarter. UBS Asset Management Americas Inc. raised its position in shares of Comcast by 38.4% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 18,417,341 shares of the cable giant’s stock valued at $716,803,000 after buying an additional 5,108,525 shares in the last quarter. Finally, Prudential Financial Inc. raised its position in shares of Comcast by 40.2% during the 2nd quarter. Prudential Financial Inc. now owns 12,254,212 shares of the cable giant’s stock valued at $476,934,000 after buying an additional 3,513,006 shares in the last quarter. Hedge funds and other institutional investors own 82.20% of the company’s stock.
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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