Comcast (CMCSA) – Investment Analysts’ Recent Ratings Changes

Several analysts have recently updated their ratings and price targets for Comcast (NASDAQ: CMCSA):

• 7/25/2024 – Comcast had its price target lowered by analysts at Barclays PLC from $41.00 to $40.00. They now have an “equal weight” rating on the stock.
• 7/24/2024 – Comcast had its price target lowered by analysts at KeyCorp from $45.00 to $44.00. They now have an “overweight” rating on the stock.
• 7/24/2024 – Comcast had its “neutral” rating reaffirmed by analysts at Macquarie. They now have a $40.00 price target on the stock.
• 7/24/2024 – Comcast had its “neutral” rating reaffirmed by analysts at Rosenblatt Securities. They now have a $45.00 price target on the stock.
• 7/24/2024 – Comcast had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $50.00 to $49.00. They now have a “buy” rating on the stock.
• 7/24/2024 – Comcast had its price target lowered by analysts at Pivotal Research from $48.00 to $47.00. They now have a “buy” rating on the stock.
• 7/2/2024 – Comcast had its price target lowered by analysts at Evercore ISI from $50.00 to $48.00. They now have an “outperform” rating on the stock.
• 6/25/2024 – Comcast is now covered by analysts at The Goldman Sachs Group, Inc.. They set a “buy” rating and a $44.00 price target on the stock.
• 6/24/2024 – Comcast was downgraded by analysts at Seaport Res Ptn from a “strong-buy” rating to a “hold” rating.
• 6/11/2024 – Comcast was downgraded by analysts at BNP Paribas from a “neutral” rating to an “underperform” rating. They now have a $34.00 price target on the stock.

Comcast Trading Up 0.3 %

Shares of NASDAQ CMCSA traded up $0.13 during midday trading on Tuesday, reaching $40.81. 25,221,401 shares of the stock were exchanged, compared to its average volume of 20,572,496. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.46. The company has a market capitalization of $160.12 billion, a price-to-earnings ratio of 10.80, a P/E/G ratio of 1.05 and a beta of 1.00. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.66 and a quick ratio of 0.66. The business has a 50-day simple moving average of $38.56 and a two-hundred day simple moving average of $40.61.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. The business had revenue of $29.69 billion during the quarter, compared to analysts’ expectations of $30.02 billion. Comcast had a return on equity of 20.17% and a net margin of 12.46%. Comcast’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.13 EPS. As a group, equities research analysts expect that Comcast Co. will post 4.26 EPS for the current year.

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd will be paid a dividend of $0.31 per share. The ex-dividend date is Wednesday, October 2nd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.04%. Comcast’s dividend payout ratio is 32.80%.

Insider Activity

In other Comcast news, major shareholder Corp Comcast sold 3,176,923 shares of the stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $3.19, for a total value of $10,134,384.37. Following the completion of the sale, the insider now owns 2,000,000 shares in the company, valued at $6,380,000. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.26% of the stock is owned by corporate insiders.

Institutional Trading of Comcast

A number of hedge funds have recently modified their holdings of CMCSA. Norges Bank acquired a new stake in Comcast in the 4th quarter worth about $2,542,988,000. Capital World Investors boosted its stake in shares of Comcast by 17.0% in the fourth quarter. Capital World Investors now owns 107,773,317 shares of the cable giant’s stock valued at $4,725,926,000 after buying an additional 15,625,543 shares during the period. Ontario Teachers Pension Plan Board grew its position in Comcast by 25,881.7% during the first quarter. Ontario Teachers Pension Plan Board now owns 10,850,995 shares of the cable giant’s stock worth $470,391,000 after buying an additional 10,809,231 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Comcast by 41.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 28,016,389 shares of the cable giant’s stock worth $1,214,512,000 after acquiring an additional 8,243,302 shares during the period. Finally, Canada Pension Plan Investment Board lifted its position in shares of Comcast by 80.9% during the 1st quarter. Canada Pension Plan Investment Board now owns 10,542,253 shares of the cable giant’s stock valued at $457,007,000 after acquiring an additional 4,714,586 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.