Comcast (NASDAQ:CMCSA) Sets New 1-Year Low – Time to Sell?

Comcast Co. (NASDAQ:CMCSA) hit a new 52-week low on Wednesday . The stock traded as low as $36.29 and last traded at $36.35, with a volume of 1329002 shares trading hands. The stock had previously closed at $36.87.

Analysts Set New Price Targets

A number of analysts recently weighed in on CMCSA shares. Scotiabank raised shares of Comcast from a “sector perform” rating to a “sector outperform” rating and upped their target price for the stock from $47.75 to $48.00 in a report on Friday, November 1st. KeyCorp lifted their price objective on Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Wells Fargo & Company decreased their target price on Comcast from $46.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Monday. Benchmark reissued a “buy” rating and set a $60.00 price objective on shares of Comcast in a report on Tuesday, November 19th. Finally, Barclays raised their target price on shares of Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $47.33.

Comcast Trading Down 1.1 %

The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. The stock’s fifty day moving average price is $41.06 and its 200 day moving average price is $40.29. The stock has a market cap of $139.55 billion, a P/E ratio of 9.80, a PEG ratio of 1.50 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. The company had revenue of $32.07 billion for the quarter, compared to analysts’ expectations of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. Comcast’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.08 EPS. Equities research analysts expect that Comcast Co. will post 4.26 earnings per share for the current year.

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.40%. The ex-dividend date is Wednesday, January 8th. Comcast’s dividend payout ratio is currently 33.33%.

Insider Activity

In related news, President Michael J. Cavanagh sold 25,537 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the completion of the transaction, the president now directly owns 534,849 shares in the company, valued at approximately $22,779,218.91. The trade was a 4.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Brian L. Roberts sold 234,464 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total transaction of $10,002,234.24. Following the sale, the chief executive officer now owns 6,669,928 shares in the company, valued at $284,539,128.48. The trade was a 3.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.26% of the company’s stock.

Institutional Investors Weigh In On Comcast

Several large investors have recently made changes to their positions in CMCSA. Strategic Financial Concepts LLC bought a new position in shares of Comcast during the 2nd quarter valued at approximately $27,000. Acadian Asset Management LLC lifted its holdings in shares of Comcast by 348.6% in the 2nd quarter. Acadian Asset Management LLC now owns 481,001 shares of the cable giant’s stock worth $18,832,000 after acquiring an additional 373,779 shares during the last quarter. Quest Partners LLC grew its holdings in Comcast by 186.2% during the 2nd quarter. Quest Partners LLC now owns 44,618 shares of the cable giant’s stock valued at $1,747,000 after purchasing an additional 29,026 shares during the last quarter. Prudential PLC raised its position in Comcast by 26.0% in the 2nd quarter. Prudential PLC now owns 195,629 shares of the cable giant’s stock worth $7,661,000 after purchasing an additional 40,379 shares during the period. Finally, Clifford Swan Investment Counsel LLC boosted its position in shares of Comcast by 5.2% during the second quarter. Clifford Swan Investment Counsel LLC now owns 19,077 shares of the cable giant’s stock valued at $747,000 after buying an additional 943 shares during the period. 84.32% of the stock is owned by institutional investors.

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.