Comcast Corporation (NASDAQ:CMCSA) – Stock analysts at SunTrust Banks lowered their Q1 2018 earnings per share (EPS) estimates for Comcast Corporation in a report issued on Thursday. SunTrust Banks analyst G. Miller now forecasts that the cable giant will post earnings of $0.51 per share for the quarter, down from their prior estimate of $0.53. SunTrust Banks also issued estimates for Comcast Corporation’s Q4 2018 earnings at $0.56 EPS.

Other research analysts have also recently issued research reports about the stock. Argus raised their target price on shares of Comcast Corporation from $44.00 to $48.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Guggenheim upgraded shares of Comcast Corporation from a “neutral” rating to a “buy” rating and raised their target price for the stock from $42.00 to $46.00 in a report on Thursday, August 3rd. Barclays PLC set a $44.00 target price on shares of Comcast Corporation and gave the stock a “buy” rating in a report on Friday, July 14th. ValuEngine upgraded shares of Comcast Corporation from a “hold” rating to a “buy” rating in a report on Thursday, July 13th. Finally, TD Securities initiated coverage on shares of Comcast Corporation in a report on Thursday, July 13th. They issued a “buy” rating and a $51.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $45.84.

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Comcast Corporation (NASDAQ:CMCSA) opened at 36.79 on Monday. The firm has a market cap of $173.40 billion, a P/E ratio of 18.53 and a beta of 0.98. Comcast Corporation has a 12 month low of $30.02 and a 12 month high of $42.18. The stock has a 50 day moving average of $37.41 and a 200-day moving average of $39.15.

Comcast Corporation (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.03. The firm had revenue of $20.98 billion for the quarter, compared to the consensus estimate of $21.05 billion. Comcast Corporation had a net margin of 11.99% and a return on equity of 17.17%. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.92 EPS.

Institutional investors and hedge funds have recently bought and sold shares of the company. Penobscot Investment Management Company Inc. raised its position in shares of Comcast Corporation by 3.0% in the 2nd quarter. Penobscot Investment Management Company Inc. now owns 98,387 shares of the cable giant’s stock worth $3,829,000 after purchasing an additional 2,828 shares during the last quarter. WINTON GROUP Ltd raised its position in shares of Comcast Corporation by 573.3% in the 1st quarter. WINTON GROUP Ltd now owns 219,526 shares of the cable giant’s stock worth $14,563,000 after purchasing an additional 186,920 shares during the last quarter. Boston Partners raised its position in shares of Comcast Corporation by 140.7% in the 1st quarter. Boston Partners now owns 16,659,589 shares of the cable giant’s stock worth $626,233,000 after purchasing an additional 9,739,468 shares during the last quarter. Artisan Partners Limited Partnership raised its position in shares of Comcast Corporation by 100.9% in the 1st quarter. Artisan Partners Limited Partnership now owns 899,227 shares of the cable giant’s stock worth $33,802,000 after purchasing an additional 451,551 shares during the last quarter. Finally, Tower Bridge Advisors raised its position in shares of Comcast Corporation by 10.1% in the 2nd quarter. Tower Bridge Advisors now owns 142,129 shares of the cable giant’s stock worth $5,532,000 after purchasing an additional 13,003 shares during the last quarter. 81.89% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Kenneth J. Bacon sold 2,232 shares of Comcast Corporation stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $37.27, for a total value of $83,186.64. Following the completion of the transaction, the director now owns 24,580 shares of the company’s stock, valued at approximately $916,096.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Arthur R. Block sold 4,091 shares of Comcast Corporation stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $38.36, for a total value of $156,930.76. Following the completion of the transaction, the executive vice president now directly owns 68,478 shares of the company’s stock, valued at approximately $2,626,816.08. The disclosure for this sale can be found here. Insiders have sold 9,982 shares of company stock valued at $385,050 in the last three months. Insiders own 1.28% of the company’s stock.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 3rd will be given a dividend of $0.157 per share. This represents a $0.63 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend is Tuesday, January 2nd. Comcast Corporation’s dividend payout ratio is currently 30.36%.

About Comcast Corporation

Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.

Earnings History and Estimates for Comcast Corporation (NASDAQ:CMCSA)

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