Comcast Corporation (NASDAQ:CMCSA) Receives Consensus Rating of “Hold” from Analysts

Shares of Comcast Corporation (NASDAQ:CMCSA) have been assigned an average recommendation of “Hold” from the twenty-eight analysts that are presently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have issued a buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $32.9615.

CMCSA has been the topic of a number of research reports. The Goldman Sachs Group lowered their price target on Comcast from $29.00 to $26.00 and set a “neutral” rating on the stock in a report on Thursday, July 2nd. Sanford C. Bernstein reiterated a “market perform” rating and issued a $28.00 target price on shares of Comcast in a research note on Monday, July 13th. Barclays set a $26.00 target price on Comcast and gave the company an “equal weight” rating in a report on Friday, July 24th. Royal Bank Of Canada set a $26.00 price target on Comcast and gave the stock a “sector perform” rating in a report on Friday, July 24th. Finally, Weiss Ratings lowered shares of Comcast from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, July 28th.

Institutional Investors Weigh In On Comcast

A number of hedge funds have recently added to or reduced their stakes in CMCSA. Brighton Jones LLC increased its holdings in shares of Comcast by 150.9% in the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock valued at $6,240,000 after purchasing an additional 99,986 shares in the last quarter. Voya Financial Advisors Inc. boosted its stake in shares of Comcast by 3.2% during the 2nd quarter. Voya Financial Advisors Inc. now owns 83,883 shares of the cable giant’s stock worth $2,963,000 after acquiring an additional 2,593 shares in the last quarter. United Bank grew its holdings in shares of Comcast by 11.3% in the 2nd quarter. United Bank now owns 42,216 shares of the cable giant’s stock worth $1,507,000 after acquiring an additional 4,290 shares during the period. HUB Investment Partners LLC raised its holdings in Comcast by 119.4% during the second quarter. HUB Investment Partners LLC now owns 16,974 shares of the cable giant’s stock worth $606,000 after purchasing an additional 9,236 shares during the last quarter. Finally, Diversify Advisory Services LLC boosted its position in Comcast by 66.8% during the second quarter. Diversify Advisory Services LLC now owns 39,607 shares of the cable giant’s stock worth $1,414,000 after purchasing an additional 15,865 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Performance

Shares of Comcast stock opened at $25.36 on Monday. The firm’s fifty day simple moving average is $23.69 and its 200-day simple moving average is $27.00. The stock has a market capitalization of $89.99 billion, a price-to-earnings ratio of 8.21, a PEG ratio of 1.43 and a beta of 0.67. Comcast has a 12 month low of $21.28 and a 12 month high of $34.45. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.80 and a quick ratio of 0.80.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, July 23rd. The cable giant reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. Comcast had a net margin of 8.97% and a return on equity of 14.77%. The firm had revenue of $29.94 billion during the quarter, compared to analysts’ expectations of $29.24 billion. During the same quarter in the prior year, the business earned $1.25 EPS. Comcast’s quarterly revenue was down 1.2% compared to the same quarter last year. As a group, equities analysts forecast that Comcast will post 3.52 earnings per share for the current year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Wednesday, October 7th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 5.2%. The ex-dividend date is Wednesday, October 7th. Comcast’s dividend payout ratio (DPR) is 42.72%.

About Comcast

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.