Comcast Co. (NASDAQ:CMCSA) Receives $45.58 Average PT from Analysts

Shares of Comcast Co. (NASDAQ:CMCSA) have received an average recommendation of “Hold” from the seventeen brokerages that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $45.58.

A number of analysts have weighed in on the company. Macquarie reaffirmed a “neutral” rating and set a $40.00 price objective on shares of Comcast in a research report on Wednesday, July 24th. Seaport Res Ptn downgraded Comcast from a “strong-buy” rating to a “hold” rating in a report on Monday, June 24th. BNP Paribas cut shares of Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price objective on the stock. in a research note on Tuesday, June 11th. Evercore ISI reduced their target price on shares of Comcast from $50.00 to $48.00 and set an “outperform” rating for the company in a research note on Tuesday, July 2nd. Finally, KeyCorp dropped their price target on shares of Comcast from $45.00 to $44.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 24th.

Comcast Price Performance

CMCSA stock opened at $41.70 on Friday. The business has a 50 day simple moving average of $39.80 and a 200-day simple moving average of $39.55. The company has a market capitalization of $163.62 billion, a P/E ratio of 11.03, a PEG ratio of 1.08 and a beta of 1.01. Comcast has a twelve month low of $36.43 and a twelve month high of $47.11. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.16.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.09. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The company had revenue of $29.69 billion for the quarter, compared to the consensus estimate of $30.02 billion. During the same period last year, the firm posted $1.13 EPS. Comcast’s revenue for the quarter was down 2.7% on a year-over-year basis. As a group, equities analysts anticipate that Comcast will post 4.23 EPS for the current year.

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be paid a $0.31 dividend. The ex-dividend date is Wednesday, October 2nd. This represents a $1.24 dividend on an annualized basis and a yield of 2.97%. Comcast’s payout ratio is 32.80%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Gilbert & Cook Inc. lifted its holdings in Comcast by 10.3% in the 4th quarter. Gilbert & Cook Inc. now owns 15,613 shares of the cable giant’s stock valued at $685,000 after purchasing an additional 1,459 shares in the last quarter. Gryphon Financial Partners LLC raised its position in shares of Comcast by 71.7% in the 4th quarter. Gryphon Financial Partners LLC now owns 50,539 shares of the cable giant’s stock worth $2,451,000 after buying an additional 21,112 shares during the period. Focus Financial Network Inc. ADV acquired a new position in Comcast in the fourth quarter valued at $857,000. Roundview Capital LLC grew its position in Comcast by 4.4% during the fourth quarter. Roundview Capital LLC now owns 45,565 shares of the cable giant’s stock valued at $1,998,000 after acquiring an additional 1,904 shares during the period. Finally, Lcnb Corp increased its stake in Comcast by 3.8% during the fourth quarter. Lcnb Corp now owns 8,595 shares of the cable giant’s stock worth $377,000 after acquiring an additional 317 shares during the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Company Profile

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.