Comcast Co. (NASDAQ:CMCSA) – Equities researchers at Jefferies Group lifted their FY2018 earnings per share estimates for shares of Comcast in a research report issued to clients and investors on Thursday. Jefferies Group analyst S. Goldman now anticipates that the cable giant will post earnings of $2.47 per share for the year, up from their prior estimate of $2.20.
A number of other equities research analysts also recently commented on CMCSA. Pivotal Research lifted their target price on shares of Comcast from $48.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Morgan Stanley lifted their target price on shares of Comcast from $44.00 to $50.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 9th. Barclays cut their target price on shares of Comcast from $44.00 to $41.00 and set an “overweight” rating for the company in a research report on Friday, October 27th. Wells Fargo & Co reaffirmed a “buy” rating and issued a $49.00 target price on shares of Comcast in a research report on Monday, October 23rd. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $43.00 target price on shares of Comcast in a research report on Friday, November 17th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-five have issued a buy rating to the company. Comcast currently has a consensus rating of “Buy” and an average target price of $47.46.
Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Wednesday, January 24th. The cable giant reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. Comcast had a net margin of 26.87% and a return on equity of 16.47%. The company had revenue of $21.92 billion during the quarter, compared to analyst estimates of $21.83 billion. During the same period in the previous year, the business earned $0.89 EPS. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Wednesday, April 4th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, April 3rd. This represents a $0.76 annualized dividend and a yield of 1.78%. This is a boost from Comcast’s previous quarterly dividend of $0.16. Comcast’s payout ratio is presently 13.21%.
In other Comcast news, Chairman Brian L. Roberts sold 583,835 shares of the business’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $38.67, for a total value of $22,576,899.45. Following the sale, the chairman now owns 1,711,798 shares in the company, valued at approximately $66,195,228.66. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Arthur R. Block sold 5,630 shares of the business’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $39.89, for a total transaction of $224,580.70. Following the completion of the sale, the executive vice president now owns 71,664 shares in the company, valued at approximately $2,858,676.96. The disclosure for this sale can be found here. In the last quarter, insiders sold 593,402 shares of company stock worth $22,961,401. Corporate insiders own 1.28% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Connecticut Wealth Management LLC raised its position in shares of Comcast by 0.4% during the 2nd quarter. Connecticut Wealth Management LLC now owns 6,602 shares of the cable giant’s stock valued at $256,000 after buying an additional 24 shares in the last quarter. Financial Consulate Inc. raised its position in shares of Comcast by 0.5% during the 2nd quarter. Financial Consulate Inc. now owns 6,400 shares of the cable giant’s stock valued at $249,000 after buying an additional 30 shares in the last quarter. Clarius Group LLC raised its position in Comcast by 0.4% in the 2nd quarter. Clarius Group LLC now owns 8,041 shares of the cable giant’s stock worth $313,000 after purchasing an additional 32 shares during the period. GM Advisory Group Inc. raised its position in Comcast by 0.9% in the 2nd quarter. GM Advisory Group Inc. now owns 5,554 shares of the cable giant’s stock worth $217,000 after purchasing an additional 48 shares during the period. Finally, Peoples Bank OH raised its position in Comcast by 0.9% in the 2nd quarter. Peoples Bank OH now owns 6,340 shares of the cable giant’s stock worth $247,000 after purchasing an additional 59 shares during the period. Hedge funds and other institutional investors own 82.33% of the company’s stock.
Comcast Company Profile
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.
Receive News & Ratings for Comcast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast and related companies with MarketBeat.com's FREE daily email newsletter.