A number of other research analysts have also recently commented on the company. Buckingham Research boosted their price target on Comcast from $48.00 to $50.00 and gave the stock a buy rating in a report on Monday, January 8th. Pivotal Research reissued a buy rating and issued a $50.00 price target on shares of Comcast in a report on Tuesday, December 19th. Moffett Nathanson reissued a buy rating and issued a $52.00 price target (up from $45.00) on shares of Comcast in a report on Thursday, January 18th. TD Securities cut Comcast from an action list buy rating to a buy rating and boosted their price target for the stock from $42.60 to $51.00 in a report on Friday, January 12th. Finally, SunTrust Banks boosted their price target on Comcast to $50.00 and gave the stock a buy rating in a report on Thursday, January 25th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-three have issued a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $47.08.
CMCSA stock opened at $33.13 on Monday. Comcast has a twelve month low of $32.74 and a twelve month high of $44.00. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.74 and a current ratio of 0.74. The stock has a market cap of $157,263.00, a PE ratio of 16.08, a P/E/G ratio of 1.24 and a beta of 1.17.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Wednesday, April 4th will be paid a $0.19 dividend. This is an increase from Comcast’s previous quarterly dividend of $0.16. The ex-dividend date is Tuesday, April 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 2.29%. Comcast’s payout ratio is presently 36.89%.
In other news, EVP Stephen B. Burke sold 190,756 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $42.51, for a total transaction of $8,109,037.56. Following the transaction, the executive vice president now owns 1,214,811 shares of the company’s stock, valued at approximately $51,641,615.61. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Daniel C. Murdock sold 1,891 shares of the business’s stock in a transaction that occurred on Monday, March 19th. The shares were sold at an average price of $35.60, for a total value of $67,319.60. Following the transaction, the senior vice president now directly owns 2,585 shares in the company, valued at approximately $92,026. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,399,951 shares of company stock worth $52,377,633. Corporate insiders own 1.28% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sky Investment Group LLC grew its position in Comcast by 7.3% in the 4th quarter. Sky Investment Group LLC now owns 37,132 shares of the cable giant’s stock valued at $1,487,000 after acquiring an additional 2,536 shares during the last quarter. Convergence Investment Partners LLC grew its position in Comcast by 32.1% in the 4th quarter. Convergence Investment Partners LLC now owns 104,969 shares of the cable giant’s stock valued at $4,204,000 after acquiring an additional 25,508 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its position in Comcast by 1.9% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 100,285 shares of the cable giant’s stock valued at $4,016,000 after acquiring an additional 1,853 shares during the last quarter. Swiss National Bank grew its position in Comcast by 0.9% in the 3rd quarter. Swiss National Bank now owns 18,023,300 shares of the cable giant’s stock valued at $693,537,000 after acquiring an additional 162,000 shares during the last quarter. Finally, Buckley Wealth Management LLC bought a new position in Comcast in the 4th quarter valued at $755,000. 83.51% of the stock is currently owned by hedge funds and other institutional investors.
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.
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