Comcast Co. (NASDAQ:CMCSA) Receives $45.58 Consensus Target Price from Analysts

Comcast Co. (NASDAQ:CMCSA) has received an average recommendation of “Hold” from the seventeen research firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $45.58.

Several brokerages recently commented on CMCSA. Macquarie reiterated a “neutral” rating and set a $40.00 price target on shares of Comcast in a research note on Wednesday, July 24th. BNP Paribas lowered Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price objective for the company. in a research report on Tuesday, June 11th. Seaport Res Ptn cut shares of Comcast from a “strong-buy” rating to a “hold” rating in a report on Monday, June 24th. Barclays reduced their price target on Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a research report on Thursday, July 25th. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and set a $45.00 price objective on shares of Comcast in a report on Wednesday, July 24th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Steph & Co. increased its position in Comcast by 154.6% in the 1st quarter. Steph & Co. now owns 611 shares of the cable giant’s stock valued at $26,000 after buying an additional 371 shares in the last quarter. Fairscale Capital LLC purchased a new stake in Comcast in the second quarter worth approximately $26,000. Strategic Financial Concepts LLC bought a new position in shares of Comcast in the second quarter worth approximately $27,000. OLD Point Trust & Financial Services N A purchased a new position in Comcast during the 4th quarter valued at $28,000. Finally, IAG Wealth Partners LLC boosted its stake in Comcast by 204.7% during the second quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock worth $30,000 after acquiring an additional 522 shares in the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Trading Up 1.5 %

Comcast stock opened at $41.64 on Friday. Comcast has a fifty-two week low of $36.43 and a fifty-two week high of $47.11. The stock has a market cap of $163.38 billion, a P/E ratio of 11.02, a PEG ratio of 1.08 and a beta of 1.01. The firm’s fifty day moving average price is $39.69 and its 200-day moving average price is $39.57. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.66 and a current ratio of 0.66.

Comcast (NASDAQ:CMCSA) last released its earnings results on Tuesday, July 23rd. The cable giant reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. The company had revenue of $29.69 billion for the quarter, compared to analysts’ expectations of $30.02 billion. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The firm’s revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.13 EPS. Equities research analysts forecast that Comcast will post 4.23 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd will be given a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $1.24 dividend on an annualized basis and a yield of 2.98%. Comcast’s dividend payout ratio (DPR) is presently 32.80%.

About Comcast

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.