Comcast Corporation (NASDAQ:CMCSA) Given Average Rating of “Hold” by Brokerages

Comcast Corporation (NASDAQ:CMCSA) has earned an average rating of “Hold” from the twenty-nine analysts that are currently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a sell recommendation, fifteen have given a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $34.8661.

CMCSA has been the subject of a number of analyst reports. Zacks Research cut shares of Comcast from a “hold” rating to a “strong sell” rating in a research report on Friday, February 20th. TD Cowen reduced their price target on Comcast from $40.00 to $39.00 and set a “buy” rating for the company in a report on Friday, January 30th. Moffett Nathanson dropped their price objective on Comcast from $58.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, November 13th. Royal Bank Of Canada reduced their target price on Comcast from $32.00 to $31.00 and set a “sector perform” rating for the company in a research note on Friday, January 16th. Finally, Bank of America upgraded shares of Comcast from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $31.00 to $37.00 in a research note on Monday, January 12th.

Comcast Trading Down 1.5%

NASDAQ:CMCSA opened at $31.60 on Friday. The business’s 50-day moving average is $30.01 and its two-hundred day moving average is $30.00. The firm has a market capitalization of $113.69 billion, a PE ratio of 5.88, a price-to-earnings-growth ratio of 2.50 and a beta of 0.79. Comcast has a 12 month low of $25.75 and a 12 month high of $37.97. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, January 29th. The cable giant reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.09. The company had revenue of $32.31 billion during the quarter, compared to the consensus estimate of $32.35 billion. Comcast had a return on equity of 16.86% and a net margin of 16.17%.The company’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.96 earnings per share. Research analysts predict that Comcast will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 1st will be given a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $1.32 annualized dividend and a dividend yield of 4.2%. Comcast’s payout ratio is presently 24.58%.

Insider Activity at Comcast

In related news, CEO Michael J. Cavanagh sold 57,947 shares of Comcast stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $32.66, for a total value of $1,892,549.02. Following the completion of the transaction, the chief executive officer directly owned 622,336 shares in the company, valued at approximately $20,325,493.76. This trade represents a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.32% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Capital A Wealth Management LLC boosted its holdings in Comcast by 173.7% in the second quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant’s stock worth $25,000 after purchasing an additional 436 shares during the period. Avalon Trust Co lifted its position in shares of Comcast by 433.3% in the 2nd quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock worth $27,000 after buying an additional 624 shares during the last quarter. Howard Hughes Medical Institute acquired a new position in shares of Comcast in the 2nd quarter valued at about $29,000. Imprint Wealth LLC bought a new stake in shares of Comcast during the 3rd quarter valued at about $26,000. Finally, Newbridge Financial Services Group Inc. acquired a new stake in Comcast during the second quarter worth about $31,000. Institutional investors own 84.32% of the company’s stock.

About Comcast

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.