CMCSA has been the topic of several other reports. Credit Suisse Group reiterated a buy rating and set a $44.00 price target on shares of Comcast in a research report on Tuesday, January 22nd. Royal Bank of Canada cut Comcast from an outperform rating to a sector perform rating and lowered their price target for the company from $45.00 to $42.00 in a research report on Friday, March 29th. Macquarie upgraded Comcast from a neutral rating to an outperform rating and set a $49.00 price target on the stock in a research report on Tuesday, April 9th. ValuEngine upgraded Comcast from a sell rating to a hold rating in a research report on Friday, February 8th. Finally, TD Securities lifted their price target on Comcast from $47.00 to $48.00 and gave the company a buy rating in a research report on Thursday, January 24th. Seven research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $44.65.
Shares of Comcast stock opened at $43.54 on Tuesday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.73 and a current ratio of 0.73. The firm has a market cap of $200.60 billion, a price-to-earnings ratio of 17.07, a price-to-earnings-growth ratio of 1.16 and a beta of 1.13. Comcast has a 1-year low of $30.67 and a 1-year high of $43.96.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 24th. Investors of record on Wednesday, July 3rd will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Tuesday, July 2nd. This represents a $0.84 dividend on an annualized basis and a yield of 1.93%. Comcast’s payout ratio is 32.94%.
In other Comcast news, EVP David L. Cohen sold 4,467 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $41.88, for a total value of $187,077.96. Following the completion of the sale, the executive vice president now owns 252,566 shares of the company’s stock, valued at $10,577,464.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Stephen B. Burke sold 457,633 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was 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 directly owns 1,078,189 shares of the company’s stock, valued at approximately $46,739,493.15. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,214,832 shares of company stock valued at $49,408,359. Insiders own 1.35% of the company’s stock.
Several large investors have recently made changes to their positions in the business. Horizon Investments LLC increased its stake in shares of Comcast by 145.0% in the first quarter. Horizon Investments LLC now owns 16,336 shares of the cable giant’s stock worth $650,000 after purchasing an additional 9,668 shares during the period. Equitable Trust Co. increased its stake in shares of Comcast by 1.3% in the first quarter. Equitable Trust Co. now owns 39,416 shares of the cable giant’s stock worth $1,575,000 after purchasing an additional 522 shares during the period. BTC Capital Management Inc. increased its stake in shares of Comcast by 12.4% in the first quarter. BTC Capital Management Inc. now owns 85,301 shares of the cable giant’s stock worth $3,414,000 after purchasing an additional 9,409 shares during the period. V Wealth Advisors LLC increased its stake in shares of Comcast by 3.4% in the first quarter. V Wealth Advisors LLC now owns 46,825 shares of the cable giant’s stock worth $1,962,000 after purchasing an additional 1,532 shares during the period. Finally, Kiwi Wealth Investments Limited Partnership increased its stake in shares of Comcast by 1.0% in the first quarter. Kiwi Wealth Investments Limited Partnership now owns 55,842 shares of the cable giant’s stock worth $2,233,000 after purchasing an additional 526 shares during the period. 81.61% of the stock is owned by institutional investors.
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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