Comcast’s (CMCSA) Neutral Rating Reiterated at Macquarie

Macquarie reiterated their neutral rating on shares of Comcast (NASDAQ:CMCSA) in a research report sent to investors on Monday,Benzinga reports. They currently have a $42.00 price target on the cable giant’s stock.

Other research analysts also recently issued research reports about the stock. Loop Capital lowered their price objective on shares of Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, January 2nd. Barclays increased their price objective on Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Pivotal Research lifted their target price on Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Wells Fargo & Company lowered their price target on Comcast from $46.00 to $45.00 and set an “equal weight” rating for the company in a research report on Monday. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and set a $45.00 price objective on shares of Comcast in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $47.33.

Comcast Trading Down 0.0 %

CMCSA opened at $37.17 on Monday. The company has a fifty day moving average price of $40.96 and a two-hundred day moving average price of $40.27. Comcast has a 1-year low of $36.24 and a 1-year high of $47.11. The company has a market cap of $142.23 billion, a P/E ratio of 9.99, a price-to-earnings-growth ratio of 1.50 and a beta of 1.01. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06. The business had revenue of $32.07 billion during the quarter, compared to analyst estimates of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The firm’s revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.08 EPS. Analysts predict that Comcast will post 4.26 EPS for the current fiscal year.

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.34%. Comcast’s dividend payout ratio is presently 33.33%.

Insider Transactions at Comcast

In other Comcast news, President Michael J. Cavanagh sold 25,537 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the sale, the president now directly owns 534,849 shares of the company’s stock, valued at $22,779,218.91. This represents a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Brian L. Roberts sold 234,464 shares of Comcast stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total transaction of $10,002,234.24. Following the completion of the transaction, the chief executive officer now owns 6,669,928 shares of the company’s stock, valued at $284,539,128.48. The trade was a 3.40 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Comcast

Several institutional investors have recently made changes to their positions in the stock. Michael S. Ryan Inc. lifted its holdings in shares of Comcast by 19.6% in the fourth quarter. Michael S. Ryan Inc. now owns 8,685 shares of the cable giant’s stock worth $326,000 after buying an additional 1,424 shares in the last quarter. InvesTrust bought a new stake in Comcast during the 4th quarter worth approximately $441,000. Range Financial Group LLC purchased a new stake in Comcast in the 4th quarter worth approximately $245,000. Diversified Trust Co boosted its holdings in Comcast by 7.3% in the 4th quarter. Diversified Trust Co now owns 223,567 shares of the cable giant’s stock valued at $8,390,000 after purchasing an additional 15,305 shares during the period. Finally, Bangor Savings Bank grew its position in shares of Comcast by 1.9% during the 4th quarter. Bangor Savings Bank now owns 20,690 shares of the cable giant’s stock valued at $776,000 after purchasing an additional 385 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

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.