Analysts Set Comcast Co. (CMCSA) PT at $46.19

Shares of Comcast Co. (NASDAQ:CMCSA) have been assigned an average rating of “Buy” from the twenty-eight ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and twenty have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $46.95.

CMCSA has been the topic of a number of recent research reports. TD Securities cut their target price on Comcast from $51.00 to $50.00 and set a “buy” rating on the stock in a research note on Thursday, April 26th. Scotiabank reiterated a “buy” rating and issued a $46.00 target price on shares of Comcast in a research note on Friday, April 20th. UBS Group cut their price objective on shares of Comcast from $49.00 to $47.00 and set a “buy” rating on the stock in a research note on Thursday, March 22nd. Pivotal Research restated a “buy” rating and set a $113.00 price objective on shares of Comcast in a research note on Wednesday, February 28th. Finally, KeyCorp began coverage on shares of Comcast in a research note on Wednesday, May 16th. They set a “buy” rating and a $38.00 price objective on the stock. They noted that the move was a valuation call.

In related news, SVP Daniel C. Murdock sold 1,891 shares of Comcast stock in a transaction dated Monday, March 19th. The stock was sold at an average price of $35.60, for a total transaction of $67,319.60. Following the transaction, the senior vice president now directly owns 2,585 shares of the company’s stock, valued at $92,026. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Daniel C. Murdock sold 916 shares of Comcast stock in a transaction dated Wednesday, April 18th. The stock was sold at an average price of $33.20, for a total value of $30,411.20. Following the transaction, the senior vice president now directly owns 2,120 shares in the company, valued at $70,384. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 29,206 shares of company stock worth $997,364. 1.31% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of CMCSA. Barrow Hanley Mewhinney & Strauss LLC increased its stake in Comcast by 108.8% in the 1st quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 33,898,474 shares of the cable giant’s stock worth $1,158,311,000 after purchasing an additional 17,663,290 shares in the last quarter. Mackenzie Financial Corp grew its stake in Comcast by 7,838.2% during the 4th quarter. Mackenzie Financial Corp now owns 10,694,977 shares of the cable giant’s stock valued at $428,334,000 after acquiring an additional 10,560,249 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in Comcast by 6.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 135,451,128 shares of the cable giant’s stock valued at $4,628,365,000 after acquiring an additional 8,022,739 shares in the last quarter. BlackRock Inc. grew its stake in Comcast by 2.5% during the 1st quarter. BlackRock Inc. now owns 323,455,630 shares of the cable giant’s stock valued at $11,052,476,000 after acquiring an additional 7,922,120 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in Comcast by 24.1% during the 1st quarter. Franklin Resources Inc. now owns 37,387,405 shares of the cable giant’s stock valued at $1,277,535,000 after acquiring an additional 7,257,371 shares in the last quarter. 81.92% of the stock is currently owned by hedge funds and other institutional investors.

CMCSA stock opened at $33.59 on Monday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $148.62 billion, a price-to-earnings ratio of 16.31, a P/E/G ratio of 1.15 and a beta of 1.19. Comcast has a 1 year low of $30.43 and a 1 year high of $44.00.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Wednesday, April 25th. The cable giant reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.03. The company had revenue of $22.79 billion for the quarter, compared to analysts’ expectations of $22.74 billion. Comcast had a return on equity of 16.14% and a net margin of 26.79%. The firm’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period last year, the business posted $0.53 earnings per share. analysts predict that Comcast will post 2.49 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 25th. Investors of record on Tuesday, July 3rd will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend is Monday, July 2nd. Comcast’s payout ratio is currently 36.89%.

Comcast Company Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.

Analyst Recommendations for Comcast (NASDAQ:CMCSA)

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