Comcast Corporation (NASDAQ:CMCSA) Given Consensus Recommendation of “Hold” by Brokerages

Comcast Corporation (NASDAQ:CMCSA) has been assigned a consensus rating of “Hold” from the twenty-nine ratings firms that are covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and ten have assigned a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $34.7589.

Several research analysts recently commented on the stock. UBS Group reduced their target price on shares of Comcast from $36.00 to $32.00 and set a “neutral” rating for the company in a report on Friday, January 30th. Bank of America upgraded shares of Comcast from a “neutral” rating to a “buy” rating and lifted their price target for the company from $31.00 to $37.00 in a research note on Monday, January 12th. Benchmark cut their price target on shares of Comcast from $46.00 to $44.00 and set a “buy” rating on the stock in a research report on Monday, January 5th. Scotiabank decreased their price objective on Comcast from $37.50 to $35.25 and set a “sector perform” rating for the company in a report on Friday, January 30th. Finally, Morgan Stanley lowered their target price on Comcast from $32.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 10th.

Insider Buying and Selling at Comcast

In other Comcast news, CEO Michael J. Cavanagh sold 57,947 shares of the business’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $32.66, for a total transaction of $1,892,549.02. Following the transaction, the chief executive officer owned 622,336 shares of the company’s stock, valued at $20,325,493.76. The trade was a 8.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.26% of the stock is owned by company insiders.

Hedge Funds Weigh In On Comcast

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Capital A Wealth Management LLC raised its position in Comcast by 173.7% during the second quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant’s stock worth $25,000 after acquiring an additional 436 shares in the last quarter. Imprint Wealth LLC bought a new position in shares of Comcast in the 3rd quarter valued at about $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of Comcast during the 4th quarter worth about $27,000. United Financial Planning Group LLC acquired a new position in shares of Comcast during the 3rd quarter worth about $28,000. Finally, Howard Hughes Medical Institute bought a new stake in shares of Comcast in the 2nd quarter valued at about $29,000. 84.32% of the stock is owned by institutional investors.

Comcast Trading Up 2.0%

NASDAQ CMCSA opened at $28.90 on Tuesday. The stock has a market capitalization of $103.98 billion, a price-to-earnings ratio of 5.38, a PEG ratio of 2.22 and a beta of 0.79. The stock’s 50 day moving average price is $30.33 and its two-hundred day moving average price is $29.46. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88. Comcast has a 52 week low of $25.75 and a 52 week high of $37.13.

Comcast (NASDAQ:CMCSA) last issued its quarterly 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. Comcast had a net margin of 16.17% and a return on equity of 16.86%. The company had revenue of $32.31 billion during the quarter, compared to analysts’ expectations of $32.35 billion. During the same period last year, the business earned $0.96 EPS. The business’s quarterly revenue was up 1.2% on a year-over-year basis. As a group, analysts anticipate that Comcast will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 1st will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date is Wednesday, April 1st. Comcast’s dividend payout ratio (DPR) is currently 24.58%.

Comcast Company Profile

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.