Macquarie initiated coverage on shares of Comcast (NASDAQ:CMCSA) in a research report report published on Wednesday, TipRanks reports. The brokerage issued a buy rating and a $50.00 target price on the cable giant’s stock.
A number of other equities analysts also recently commented on CMCSA. BidaskClub upgraded Comcast from a sell rating to a hold rating in a report on Monday, February 25th. Royal Bank of Canada cut Comcast from an outperform rating to a sector perform rating and reduced their price objective for the company from $45.00 to $42.00 in a research report on Friday, March 29th. TD Securities increased their price objective on Comcast from $50.00 to $57.00 and gave the company a buy rating in a research report on Monday, April 29th. Guggenheim raised Comcast from a neutral rating to a buy rating and set a $42.31 price objective for the company in a research report on Thursday, May 30th. Finally, Nomura increased their price objective on Comcast from $41.00 to $44.00 and gave the company a neutral rating in a research report on Friday, April 12th. Seven analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $43.73.
Shares of NASDAQ:CMCSA traded up $0.54 during trading hours on Wednesday, reaching $43.68. The stock had a trading volume of 13,321,374 shares, compared to its average volume of 18,961,090. Comcast has a 1 year low of $32.08 and a 1 year high of $43.96. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.38. The company has a market cap of $197.20 billion, a PE ratio of 17.13, a P/E/G ratio of 1.21 and a beta of 1.12.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 24th. Stockholders of record on Wednesday, July 3rd will be paid a $0.21 dividend. The ex-dividend date of this dividend is Tuesday, July 2nd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.92%. Comcast’s dividend payout ratio (DPR) is presently 32.94%.
In other news, EVP Arthur R. Block sold 16,576 shares of the firm’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $39.62, for a total value of $656,741.12. Following the completion of the sale, the executive vice president now directly owns 86,769 shares in the company, valued at $3,437,787.78. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Stephen B. Burke sold 457,633 shares of the firm’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $43.35, for a total value of $19,838,390.55. Following the completion of the sale, the executive vice president now owns 1,078,189 shares of the company’s stock, valued at $46,739,493.15. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 644,419 shares of company stock valued at $27,308,893. 1.35% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of CMCSA. BlackRock Inc. boosted its holdings in Comcast by 0.6% during the fourth quarter. BlackRock Inc. now owns 320,375,109 shares of the cable giant’s stock worth $10,908,773,000 after buying an additional 1,855,378 shares during the last quarter. FMR LLC boosted its holdings in Comcast by 3.9% during the fourth quarter. FMR LLC now owns 128,168,481 shares of the cable giant’s stock worth $4,364,136,000 after buying an additional 4,854,006 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Comcast by 10.4% during the fourth quarter. Geode Capital Management LLC now owns 63,699,503 shares of the cable giant’s stock worth $2,165,450,000 after buying an additional 5,992,911 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Comcast by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 53,579,451 shares of the cable giant’s stock worth $1,824,544,000 after buying an additional 326,417 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in Comcast by 3.5% during the fourth quarter. Northern Trust Corp now owns 53,028,586 shares of the cable giant’s stock worth $1,805,623,000 after buying an additional 1,816,774 shares during the last quarter. Institutional investors and hedge funds own 82.57% of the company’s stock.
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.
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