Comcast’s (CMCSA) “Neutral” Rating Reiterated at Nomura

Comcast (NASDAQ:CMCSA)‘s stock had its “neutral” rating reissued by equities researchers at Nomura in a report released on Thursday, Marketbeat Ratings reports. They currently have a $42.00 target price on the cable giant’s stock, down from their prior target price of $45.00. Nomura’s price objective would indicate a potential downside of 1.18% from the stock’s previous close.

CMCSA has been the topic of a number of other research reports. Moffett Nathanson restated a “buy” rating on shares of Comcast in a research report on Monday, October 16th. OTR Global lowered Comcast to a “positive” rating in a research report on Monday, October 30th. Evercore ISI restated an “outperform” rating and set a $48.00 price objective (up previously from $44.00) on shares of Comcast in a research report on Tuesday, January 9th. Buckingham Research began coverage on Comcast in a research report on Monday, November 20th. They set a “buy” rating and a $48.00 price objective on the stock. Finally, Wells Fargo & Co restated a “buy” rating and set a $49.00 price objective on shares of Comcast in a research report on Monday, October 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twenty-five have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $46.83.

Shares of Comcast (CMCSA) traded up $0.65 during mid-day trading on Thursday, reaching $42.50. The company had a trading volume of 22,344,138 shares, compared to its average volume of 21,530,000. The company has a market cap of $198,640.00, a price-to-earnings ratio of 20.05, a P/E/G ratio of 1.84 and a beta of 1.00. Comcast has a twelve month low of $34.78 and a twelve month high of $42.71. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.74 and a quick ratio of 0.74.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, October 26th. The cable giant reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The business had revenue of $20.98 billion for the quarter, compared to analyst estimates of $21.05 billion. Comcast had a return on equity of 17.17% and a net margin of 11.99%. Comcast’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.92 EPS. sell-side analysts anticipate that Comcast will post 2.05 earnings per share for the current fiscal year.

In other news, EVP Arthur R. Block sold 3,937 shares of the stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $40.62, for a total value of $159,920.94. Following the completion of the sale, the executive vice president now directly owns 65,946 shares of the company’s stock, valued at $2,678,726.52. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Brian L. Roberts sold 583,835 shares of the stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $38.67, for a total value of $22,576,899.45. Following the completion of the sale, the chairman now directly owns 1,711,798 shares of the company’s stock, valued at $66,195,228.66. The disclosure for this sale can be found here. Over the last three months, insiders sold 593,402 shares of company stock valued at $22,961,401. Company insiders own 1.28% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Wealthcare Advisory Partners LLC bought a new position in shares of Comcast in the third quarter valued at approximately $104,000. Clear Perspective Advisors LLC grew its holdings in shares of Comcast by 100.1% in the second quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock valued at $106,000 after acquiring an additional 1,362 shares in the last quarter. MPS Loria Financial Planners LLC bought a new position in shares of Comcast in the second quarter valued at approximately $107,000. First Bank & Trust grew its holdings in shares of Comcast by 84.9% in the second quarter. First Bank & Trust now owns 2,836 shares of the cable giant’s stock valued at $111,000 after acquiring an additional 1,302 shares in the last quarter. Finally, Willingdon Wealth Management bought a new position in shares of Comcast in the third quarter valued at approximately $133,000. 82.20% of the stock is owned by hedge funds and other institutional investors.

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About Comcast

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.

Analyst Recommendations for Comcast (NASDAQ:CMCSA)

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