Comcast Co. (NASDAQ:CMCSA) – Equities researchers at SunTrust Banks lifted their Q1 2018 earnings per share (EPS) estimates for shares of Comcast in a research report issued to clients and investors on Wednesday. SunTrust Banks analyst G. Miller now forecasts that the cable giant will post earnings per share of $0.58 for the quarter, up from their prior forecast of $0.50. SunTrust Banks currently has a “Buy” rating and a $50.00 target price on the stock. SunTrust Banks also issued estimates for Comcast’s FY2018 earnings at $2.49 EPS and FY2019 earnings at $2.69 EPS.
Several other research analysts have also issued reports on CMCSA. Pivotal Research reiterated a “buy” rating and issued a $52.00 target price on shares of Comcast in a research report on Wednesday, January 24th. Nomura restated a “neutral” rating and set a $42.00 price target (down from $45.00) on shares of Comcast in a research report on Thursday, January 18th. Barclays set a $43.00 price target on shares of Comcast and gave the company a “buy” rating in a research report on Tuesday, January 23rd. TD Securities upped their price target on shares of Comcast from $51.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Guggenheim upped their price target on shares of Comcast from $44.00 to $46.00 and gave the company a “buy” rating in a research report on Friday. One analyst has rated the stock with a sell rating, four have given a hold rating and twenty-five have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $47.46.
Comcast (NASDAQ:CMCSA) last announced its earnings results on Wednesday, January 24th. The cable giant reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate 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 earnings per share. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year.
A number of hedge funds have recently added to or reduced their stakes in the stock. Connecticut Wealth Management LLC increased its stake in shares of Comcast by 0.4% during the second quarter. Connecticut Wealth Management LLC now owns 6,602 shares of the cable giant’s stock valued at $256,000 after purchasing an additional 24 shares in the last quarter. Financial Consulate Inc. increased its stake in shares of Comcast by 0.5% during the second quarter. Financial Consulate Inc. now owns 6,400 shares of the cable giant’s stock valued at $249,000 after purchasing an additional 30 shares in the last quarter. Clarius Group LLC increased its stake in shares of Comcast by 0.4% during the second quarter. Clarius Group LLC now owns 8,041 shares of the cable giant’s stock valued at $313,000 after purchasing an additional 32 shares in the last quarter. GM Advisory Group Inc. increased its stake in shares of Comcast by 0.9% during the second quarter. GM Advisory Group Inc. now owns 5,554 shares of the cable giant’s stock valued at $217,000 after purchasing an additional 48 shares in the last quarter. Finally, Peoples Bank OH increased its stake in shares of Comcast by 0.9% during the second quarter. Peoples Bank OH now owns 6,340 shares of the cable giant’s stock valued at $247,000 after purchasing an additional 59 shares in the last quarter. 82.26% of the stock is owned by institutional investors.
In related news, EVP Arthur R. Block sold 3,937 shares of the stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $40.62, for a total value of $159,920.94. Following the completion of the transaction, the executive vice president now directly owns 65,946 shares of the company’s stock, valued at $2,678,726.52. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Brian L. Roberts sold 583,835 shares of the stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $38.67, for a total transaction of $22,576,899.45. Following the completion of the transaction, 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 quarter, insiders have sold 593,402 shares of company stock valued at $22,961,401. 1.28% of the stock is currently owned by company insiders.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Wednesday, April 4th will be issued a dividend of $0.19 per share. This is a positive change from Comcast’s previous quarterly dividend of $0.16. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date is Tuesday, April 3rd. Comcast’s dividend payout ratio is currently 13.18%.
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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.
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