Citigroup started coverage on shares of Comcast (NASDAQ:CMCSA) in a research report report published on Wednesday, Marketbeat reports. The brokerage issued a buy rating and a $48.00 price objective on the cable giant’s stock.
CMCSA has been the topic of several other reports. Pivotal Research reaffirmed a buy rating and set a $45.00 price objective on shares of Comcast in a research note on Tuesday, June 26th. BidaskClub raised shares of Comcast from a hold rating to a buy rating in a research note on Friday, October 19th. Goldman Sachs Group reaffirmed a neutral rating and set a $38.00 price objective on shares of Comcast in a research note on Monday, October 22nd. Robert W. Baird decreased their price objective on shares of Comcast from $42.00 to $41.00 and set an outperform rating on the stock in a research note on Monday, July 30th. Finally, ValuEngine raised shares of Comcast from a strong sell rating to a sell rating in a research note on Friday, October 12th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-two have issued a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $44.64.
NASDAQ CMCSA opened at $35.24 on Wednesday. The stock has a market capitalization of $163.67 billion, a P/E ratio of 14.62, a price-to-earnings-growth ratio of 1.11 and a beta of 1.19. Comcast has a twelve month low of $30.43 and a twelve month high of $44.00. The company has a current ratio of 1.18, a quick ratio of 0.96 and a debt-to-equity ratio of 0.96.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 23rd. Stockholders of record on Wednesday, January 2nd will be paid a dividend of $0.19 per share. The ex-dividend date is Monday, December 31st. This represents a $0.76 annualized dividend and a dividend yield of 2.16%. Comcast’s dividend payout ratio (DPR) is currently 36.89%.
In other news, EVP Arthur R. Block sold 6,448 shares of the stock in a transaction that occurred on Thursday, September 27th. The shares were sold at an average price of $35.48, for a total transaction of $228,775.04. Following the sale, the executive vice president now directly owns 74,644 shares of the company’s stock, valued at $2,648,369.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Arthur R. Block sold 1,082 shares of the stock in a transaction that occurred on Monday, September 24th. The shares were sold at an average price of $35.94, for a total transaction of $38,887.08. Following the sale, the executive vice president now directly owns 62,476 shares in the company, valued at $2,245,387.44. The disclosure for this sale can be found here. 1.31% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rainier Group Investment Advisory LLC acquired a new stake in Comcast in the first quarter worth $146,000. Summit Trail Advisors LLC raised its holdings in Comcast by 20.9% in the first quarter. Summit Trail Advisors LLC now owns 202,113 shares of the cable giant’s stock worth $3,982,000 after purchasing an additional 34,974 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in Comcast in the first quarter worth $218,000. New England Research & Management Inc. acquired a new stake in Comcast in the second quarter worth $218,000. Finally, Capital Insight Partners LLC raised its holdings in Comcast by 4.5% in the second quarter. Capital Insight Partners LLC now owns 38,798 shares of the cable giant’s stock worth $1,273,000 after purchasing an additional 1,661 shares during the period. 80.39% of the stock is currently owned by institutional investors and hedge funds.
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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