Comcast Corporation (NASDAQ:CMCSA – Get Free Report) has been assigned an average recommendation of “Hold” from the twenty-eight brokerages that are presently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and eleven have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $32.9615.
Several brokerages have issued reports on CMCSA. Scotiabank set a $29.00 price target on Comcast in a research note on Friday, July 24th. Citigroup reduced their price objective on shares of Comcast from $35.50 to $32.00 and set a “buy” rating for the company in a research report on Monday, June 29th. Moffett Nathanson lowered their price objective on shares of Comcast from $53.00 to $52.00 and set a “buy” rating for the company in a research note on Tuesday, June 16th. Wells Fargo & Company set a $23.00 target price on shares of Comcast and gave the company an “underweight” rating in a research report on Friday, July 24th. Finally, Royal Bank Of Canada set a $26.00 price target on shares of Comcast and gave the stock a “sector perform” rating in a report on Friday, July 24th.
View Our Latest Research Report on Comcast
Comcast Stock Performance
Comcast (NASDAQ:CMCSA – Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The cable giant reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.07. Comcast had a return on equity of 14.77% and a net margin of 8.97%.The firm had revenue of $29.94 billion during the quarter, compared to analyst estimates of $29.24 billion. During the same period last year, the company posted $1.25 EPS. The business’s quarterly revenue was down 1.2% on a year-over-year basis. As a group, analysts predict that Comcast will post 3.52 EPS for the current year.
Comcast Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Wednesday, October 7th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend is Wednesday, October 7th. Comcast’s dividend payout ratio is 42.72%.
Institutional Trading of Comcast
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Allied Private Wealth LLC acquired a new position in shares of Comcast during the second quarter worth approximately $26,000. Imprint Wealth LLC acquired a new stake in Comcast in the 3rd quarter valued at $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of Comcast during the fourth quarter valued at about $27,000. Whipplewood Advisors LLC raised its holdings in shares of Comcast by 75.5% in the 1st quarter. Whipplewood Advisors LLC now owns 932 shares of the cable giant’s stock worth $27,000 after acquiring an additional 401 shares during the last quarter. Finally, Main Street Group LTD bought a new position in Comcast in the 1st quarter valued at about $27,000. 84.32% of the stock is owned by institutional investors.
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.
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